I have been in and out of this since it was around late 20s. I think there may be potential in the short/medium term.

Transense Technology was the star of the day after publishing an upbeat AGM statement claiming that opportunities were running at a greatly increased rate than last year and that it was on advanced stage negotiations on several license deals one of which should be signed soon. It also said that it had just received a cash payment from Michelin which will be welcome because, as at march 31st net cash was down to just 1.8 million pounds and cashburn was running at 100,000 pounds a month. The shares raced ahead by 7.5p to 43p valuing Transense at 18 million pounds

From UK Analyst (Dec2003)

Buy Transense Technologies
argues Rob Cullum of Trendwatch

In the autumn of 2000, the share price Transense Technologies was as high as 700p (after adjusting for a share split). At one point it lost 97% of its value. However, the factors that attracted investors attention then are still in place now. Transense is an intellectual property owner. It doesnt make anything. Indeed, it has only 20 staff. What it does have is six patents on innovative vehicle components, most notably its tyre pressure monitoring system.

Transenses device uses a principle first discovered in 1888 by the distinguished scientist Lord Raleigh. He did a lot of research on sound propagation, notably surface acoustic waves (SAW). The physics is too esoteric to go into here. Suffice to say that the principle can be adapted to measure tyre pressure. SAW devices are already a well-established technology. Hundreds of millions are produced each year. There are about half a dozen in your average mobile phone.

The potential for this device is huge. Worldwide, about 1bn tyres are manufactured each year. A recent report by Sensor Business Digest, forecast that, by 2005, the automotive pressure sensor market would be worth $1.345bn a year in sales (200m units). Consumers will love it. Market research shows that 90% of vehicle owners put this device in the top 5 desired features. Thats because the vast majority of drivers dont check tyre pressures routinely. They wait until the tyre looks flat if indeed they notice at all.

That leads to the safety arguments. In France, incorrectly inflated tyres cause an estimated 6% of fatal motorway accidents. In the US, an estimated 250,000 accidents a year are attributed to low tyre pressure. Following a series of fatal accidents in the US caused by flawed Goodyear tyres fitted to Ford vehicles, legislation was passed in the US requiring that every new tyre must have a pressure sensor installed from October this year.

Transense doesnt have a monopoly of the market. It does have competitors, primarily Schrader-Bridgepoint of the US (owned by Tomkins of the UK) and Beru of Germany. However, Transense is thought to have competitive advantages. Its device is so miniaturised that it can fit into the space taken by the tyre valve. The protruding tyre valve acts as an antenna, which transmits the data to an in-car monitor, and thence to a dashboard display. Its accurate, inexpensive and monitors continuously, even when the vehicle is stationary.

Even more important, unlike its competitors, the Transense device is passive it requires no battery power. Thats important. When hundreds of millions of worn out tyres are thrown away with toxic lithium batteries inside, thats a very serious pollution problem. In June 2001, Transense signed a worldwide licensing agreement with Michelin. The agreement gave Michelin the exclusive use of SAW technology in its tyres. Several other major companies around the world, notably US giant Honeywell, have also been licensed as volume manufacturers.

So What Aren't The Shares Soaring?

SAW devices are ideal for use in systems other than tyres pressure monitors, such as electric power assisted steering. This is much easier to install than traditional hydraulic power assistance, which will probably be phased out from new cars by 2010. This is clearly a great story but if Transense is so great, how come its shares are not rocketing? Well, the trouble is: no one is producing the device in significant volumes... yet. Volume production was thought likely to commence this year. Now, Transense says its likely to be late 2004.

What were seeing here is another example of the extreme conservatism of the motor industry. It always takes years longer than anyone thought possible to get the industry to bite the bullet on new technology. But we believe it will all come right for the company before too long. Our optimism is based on several factors: Michelins continued support, the superiority of its technology and the US legislative requirements.

If were right, then as soon as there is an announcement on the start of volume production, the share price is likely to soar Analysts believe it could get up to 71p for each tyre produced. That doesnt sound much; but on millions of tyres, it adds up to millions of pounds. The shares could well double or treble in a short space of time. That means you ought to be in the share sooner rather than later, even if it means your capital is dormant for weeks or months. Recently, the share price has been slipping due to lack of news. This is your opportunity to BUY.

Key Data

EPIC: TRT
NMS 5000
Spread 48p - 50p
Market Cap 26.36 million

Added ~74.5p - breaking into new highs for 2 years, indicators in good shape, might run to 100p now (2005 and the good news expected for TRT can't come soon enough!)

very quiet board for a stock with such imminent potential

Couldn't agree more david having spent an hour researching these.

What I don't get though is that the chart seems to be saying "Buy", but the fundamentals don't add up imo.

they have some good partners (honeywell, michelin) and a lot of secercy surrounding deals in the motor trade, but huge potential, as thye start to take royalties as their sensors move into the truck tyre market this year and car market next yr or 2008.

It may be worth taking note that there has been some large buys of TRT shares today.

I guess noone seems to use this board that often then! I'm expecting some positive news in September so sure the price will be going upwards. Seems to be stable above 50p now.

I got brought to the attention of these about 3 years ago and was expecting great things of them. Seen lots of shares bought and sold and had little relevance so far. Look at the chart, the pattern is nearly the same. It starts to rise a fair bit holds for a while then falls back a fair bit. I fully anticipate a rise up on expection then back down again.

It is very important to go back and read the statements put out by the company, particularly the final results and all the excuses that come with them as to why they have not acheived what they have promised. They always say ''this should happen or that should happen'' but it rarely does.

I would some up them as definately a share to watch, with what looks like a great range of products. But the bottom line is,, very few contracts, as yet, been signed. I think this will come good eventually but still think we have a long way to go!

This seems to be what everyone has waited years for....

Signed deal with Michelin/Honeywell

Not yet the car market but it may well be just time. The recent deal with Lear also helps. It's taken years to get here for TRT. I've bought some today at 82.3p after some recent hot money bailed. It is the long term ramifications of being in a huge market that ought to see this rise in the longer term now that the big companies have confirmed the technology.

Agree with you Bones, although personally I was surprised at the cool market reaction to the news - I suspect the slow gradual rise will happen over the next 4 - 8 weeks as more insti's jump on board, as their MM mates hold the share price back to allow them in.

I like these shares very much.... bought at 72p recently, because of increased volume, hope for more rises in the coming days... these shares have outperformed the market on the last two days,

1 new support level - buying opportunity IMHO.

ive followed these for years, expecting big rises every year for the last four years. I will not be suprised to see the pattern repeated. Rise and fall, rise and fall, though i agree we getting much nearer consoladation. But we still need to see the money in the bottom line. Longer term a winner!

Patience Kivver, Patience

Why is Transense been falling recently? Now 76p

Now 35p...what's going on???

is this the beining ing.

and now TRT is suspended.

I think the truth is finally dawning - that there are no great riches to be had by a small UK inventor, playing the big numbers.

The suggestion has always been that with legislation every car will have to fit this pressure-monitor (other than run-flat?). And the number of cars is - - - - x4 wheels, maybe the spare that's 5 and shareholders will have to order a taxi to move their dividends to the Bank.

The reality even in the last year (2007 peak 1.40) is that income is possible for the time any IP stands up and the manufacturing will be done (Honeywell, mentioned years ago?) . . . . by some well-known (US )-name that will dictate terms. By the same logic there will be a living for the Execs ( Huh!)and maybe a tiny dividend - otherwise, said Honeywell would buy the company right now, for Petty-Cash.

I can't know if 16p is "right" or even good value, but I'd prefer it to be in single figures with threats of Recession in the US - hardly a time to dull car-sales. . Any income will be largely in USD, so that's not too good either. This is a technology that is not "essential" - Nice, but not that nice. Their Steering-Motor technology is a longer-term item, IMHO and I wonder if there aren't equally-good alternatives already.

So what does that mean?
//
Not much at least until a Bid, or more likely wait a year and see what the MktCap is then. . . . . . . . . . . . . watch it rocket, eh?
//

EDIT (17Oct08).Down to pennies and a massive 44% increase to 4.5pence....yet sales are massivly larger than Buys - the Co AFX claims they have 3million in cash, with a Mkt Cap somewhat higher, so this is looking reasonable value . . . . but with car-sales down the take-up of "new technology" isn't looking very likely . . .
Maybe 3p again, soon.
EDIT.(21Oct08)...two Dirs buy a few but under 12k .. so NOT significant...IMHO.
EDIT-(28May2010)-10% down to just under5p-mid. Oh deary any gains since Oct08 are spent....this is a disaster for those who believed the shout. Looks like the Directors were right not to spend their money.
EDIT-(2Jn2010)- Oh deary - Fundraisng 0.5m at 4.5p, dilution and maybe a 10:1 CONsolidation, DYOR. . . Mid= 4.75p - looks like too little, too late IMHO.
EDIT-(22Jn10)-Grief, it's below the Offer price already . . . . any risk Dirs will get a Bonus? . . . .. Personally, I think they don't have a grip on their target market, with other players able to better them on price+volume. Yes I know there are excited Holders - but their sp tells much more. I don't hold.
EDIT (29Oct2010)-Oh deary, still only 4p and no real sales. Still one Director will get a massive bonus if the sp reaches 14p - many who bought early, won't be so rewarded.
EDIT(20Sept2011)- Oh deary, & hyleo98 has said it - and IMHO, this was always a smoke and mirrors outfit . . .