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RNS4446S

RNS Number:4446S
Transense Technologies PLC
25 November 2003

 

25 November 2003

On behalf of: Transense Technologies plc ("Transense")

Embargoed until: 0700 hrs

 

TRANSENSE SIGNS ASIC LICENCE


Transense Technologies plc ("Transense") announces it has signed an exclusive
licence agreement with Melexis Microelectronic Integrated Systems NV ("Melexis
"), a company incorporated and listed in Belgium (Euronext Brussels: MELE). This
agreement with Melexis replaces the previous agreement with Atmel Grenoble.
Under the agreement, Melexis will manufacture a radio frequency Application
Specific Integrated Circuit ("ASIC") incorporating Transense's innovative
Surface Acoustic Wave ("SAW") interrogation technology for use in torque
measurement and tyre pressure and temperature monitoring. Under the terms of
this licence agreement Transense will receive a royalty on all ASICs sold
incorporating its patented SAW technology.

Melexis has a high reputation as a supplier of advanced integrated
semiconductors and sensor Integrated Circuits ("ICs") that meet the stringent
requirements of the automotive industry. All leading car manufacturers have
Melexis products designed into their critical systems working with exceptional
reliability under the extreme conditions required for the automotive
environment. They include automotive microcontrollers, Hall (magnetic) sensor
ICs, bus ICs, interface ICs for pressure and acceleration sensors, integrated
silicon pressure sensor chips, ASICs, RF and RFID ICs.

Commenting James Perry, Chief Executive, of Transense said:

"I am delighted that Melexis has entered into a licence agreement for
Transense's SAW technology. This is an important step forward. It enables
Transense to maximise value from its technology now that it has licence
arrangements in place which cover all the key components necessary to deliver
the most cost-effective volume production of complete SAW sensor systems.

We have been working closely with Melexis for many months on this new IC
solution, which will replace the more costly, discrete components currently used
by our licensees in our non-contact electric power assisted steering ("EPAS")
and battery-less tyre pressure monitoring ("TPM") systems. The ASIC will enable
automotive industry product cost targets to be met."

Rudi de Winter, Chief Executive of Melexis, said last night:

"Transense's SAW sensor technology fits perfectly with our RF design competence
and our focus on automotive sensors.

Melexis is committed to make the SAW sensor technology a success as it will
further grow its strong position in TPM and EPAS systems. Furthermore this
technology has the potential to improve comfort, safety and fuel efficiency with
several other automotive wireless sensing applications."


For further information:


Melexis

Dirk Leman
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: +32 13 61 16 76
www.melexis.com