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RNS7172M

RNS Number:7172M
Transense Technologies PLC
27 November 2006

Transense Technologies plc


Re Agreement


Transense Technologies plc is pleased to announce that it has signed a further
licence agreement with TAI-SAW TECHNOLOGY CO., LTD, Taiwan, to manufacture
surface acoustic wave ('SAW') die for sensors to measure torque and temperature
(TQS). TAI-SAW is already licensed to manufacture devices for measuring the
pressure and temperature on tyre monitoring systems ('TPMS'). Under terms of
this agreement Transense will receive an immediate up-front payment, followed by
a larger amount when sales reach an agreed level. Transense will also receive a
royalty on all sales of TQS.


James Perry, Chief Executive of Transense, said last night: 'TAI-SAW and
Transense have worked closely together since we signed our first licence
agreement in 2002 for the manufacture of SAW devices for tyre pressure
monitoring. The success of this partnership, and the recent news that Michelin
and Honeywell are commercialising our batteryless TPMS technology in US
commercial vehicle tyres, has validated the opportunity for the
commercialisation of our engine and transmission torque management, drive line
and electric power assisted steering system technology.


Honeywell, which signed a world-wide licence in 2004 for our torque technology,
exclusive for powertrain applications, has been working closely with our
engineers together with a number of North American and European global car
manufacturers to incorporate TQS in their vehicles. Although there is still work
to be done before TQS appears in volume production vehicles, the results so far
are encouraging. The same integrated circuit, which lies at the heart of
Transense's interrogation electronics used in TPMS, is also used for torque
measurement.


TAI-SAW is based in Taiwan and also has a manufacturing plant in China, near
Shanghai. It manufactures to the highest standards and is the fastest growing
manufacturer of SAW devices in the world.


Allen C.H. Wu, Director and General Manager of TAI-SAW said 'TAI-SAW is very
pleased and excited to sign this new agreement with Transense and to reach
another milestone of the collaboration. As a result of working closely together
over several years, Transense and TAI-SAW have built up a very strong technical
team with wide experience encompassing strong SAW design engineering and SAW
manufacturing capability for a wide range of sensor applications. I believe
that by maintaining the present momentum and collaboration using the expertise
of both our companies, we shall be able to fully support the requirements of
Transense's licensees, give them excellent product and service, and ensure that
they are in a position to fully exploit the booming market for automotive
sensors.'


This information is provided by RNS
The company news service from the London Stock Exchange
END