Memorandum of Understanding with GE
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Transense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to confirm it is developing new instrumentation applications utilising its core wireless, passive Surface Acoustic Wave (SAW) measurement technology with GE, a provider of products to the global Power and Water, Oil and Gas, Energy Management,Aviation, Healthcare, and Transportation industries. This development aligns the Transense SAW technology expertise with GE's proficiency in large scale production and product delivery, to open up new global opportunities.
Graham Storey, Transense Group CEO said: "Working with an industry leading developer of world-class technology applications is exactly the right platform for Transense's SAW technology to enter the commercial environment. We look forward to working further with GE to strengthen their product offerings, bringing the benefits of our technology to the infrastructure markets GE serves".