BHP Billiton Contract Win for Translogik's iTrack
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Transense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that its trading division, Translogik, has won a contract to supply its iTrack mining tyre monitoring systems to the entire fleet of 46 large haul trucks at the Spence copper mine in Chile, owned by BHP Billiton.
The iTrack systems will be supplied using Translogik's new rental pricing scheme. This scheme has only recently been offered as a new option for potential customers and appears to be gaining traction.
Through this agreement, Translogik will receive ongoing monthly payments, per vehicle fitted with iTrack. This deployment will be supported by Translogik's newly formed Chilean company which is based in Antofagasta. Chile is a key market for iTrack, with over 2,000 large haul trucks currently operating. Having local technical sales expertise available to provide rapid customer support has been very important in building strong client relationships with the major mining and mine service companies and has been a significant factor in closing this deal with BHP Billiton, as well as securing a further ten system rentals with Otraco Chile in recent weeks.
Graham Storey, CEO of Transense said "We are delighted to be adding BHP Billiton to our growing list of major mining clients for iTrack. The new rental model is now beginning to generate a meaningful and growing ongoing revenue stream."
Juan Luis Carmona, Technical Sales Manager for Translogik in Chile said "We are delighted that iTrack has been selected as the preferred solution for BHP Billiton's Spence mine fleet against competing tyre temperature and pressure monitoring systems. BHP Billiton have several large mine fleets in the region and we are hopeful that the productivity and safety benefits provided by having real-time tyre data will open up further opportunities for us."
About BHP Billiton and the Spence Copper Mine
BHP Billiton's Spence copper cathode project is located 1,700m above sea level in the Atacama Desert in northern Chile, close to the mining town of Sierra Gorda, 50km south west of Calama and 150km north east of Antofagasta.
BHP Billiton is a leading global resources company. Its purpose is to create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources.
It is amongst the world's largest producers of major commodities, including aluminium, coal, copper, iron ore, manganese, nickel, silver and uranium, and has substantial interests in oil and gas.
Translogik, a trading division of Transense Technologies plc, is a provider of innovative tyre management solutions for the OTR (Off-the-Road) and commercial vehicle markets
The product portfolio includes wireless tyre temperature & pressure monitoring systems, tread depth, pressure and temperature data collection tools for truck, bus and OTR vehicle tyre inspections, and RFID (Radio Frequency Identification) tags, patches and UHF readers for tyres and general asset tracking.
The Products have been designed to operate in the most hostile and demanding environments, such as mining, earth-moving and construction.