Transense, Mesnac sign agreement on TPMS

ERJ staff report (DS)

Oxford, UK -- Transense Technologies plc and Qingdao Mesnac Co. Ltd. have entered into an agreement to combine expertise in tyre pressure monitoring sensor technology.

Under the terms of the agreement Mesnac have agreed to an initial

upfront payment and will pay additional sums for technology

transfer/engineering support on an as required basis.

The aim is to use Transense's patented tyre pressure monitoring sensor technology in tyres.

Graham Storey, Commercial Director of Transense commented, "We are

delighted to have signed this agreement with Mesnac. We recently

visited their facilities in China and were extremely impressed with

their production environment and technical expertise. It is apparent

that Mesnac have ambitious plans for developing a Tyre Pressure

Monitoring System (TPMS) applicable to Off the Road (OTR) vehicles,

Truck and Passenger cars, and we look forward to bringing our

patented technology to market in partnership with them."

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Press release from Transense