Follow Us

RNS6900C

RNS Number:6900C
Transense Technologies PLC
21 October 2002


Transense Technologies plc - Licence agreement

Transense Technologies plc has signed a licence agreement with TAI-SAW
Technology Co., Ltd ("TAI-SAW") for the volume production of surface acoustic
wave (SAW) devices for incorporation into the tyre pressure and temperature
monitoring systems being developed by Transense's application licensees. Under
terms of the agreement, Transense will receive a royalty on all devices sold
which incorporate its patented technology.

TAI-SAW is based in Taiwan and has been selected as the Company's SAW producing
licensee in Asia Pacific because of its worldwide reputation for developing and
supplying high quality devices for major customers throughout the world,
including other SAW manufacturers.

The Company was founded by a team of former Motorola employees who have
extensive experience in SAW related device manufacturing and process
development. It manufactures a range of high performance components for mobile,
wireless and data communication systems.

Jim Perry, Chief Executive of Transense, said:

"I am delighted that the specialist skills and resources of TAI-SAW will be
dedicated to supporting and meeting the needs of our application licensees. Asia
Pacific accounts for one third of the world production of automotives and, as
such, is a major potential market for our technology.

Having a SAW manufacturing licensee of TAI-SAW's standing and reputation with
established state of the art facilities in the Asia Pacific region will
complement the SAW manufacture currently being carried out under licence in
Europe, enabling our application licensees to obtain product from various major
sources throughout the world as general practice in the global automotive
industry now demands".


21 October 2002