Memorandum of Understanding

Transense Technologies plc (the 'Company' or 'Transense')
 
2 September 2009
 
Memorandum of Understanding
 
Transense is pleased to announce that it has signed a Memorandum of
Understanding (MOU) with Qingdao Mesnac Co. Ltd. ('Mesnac')
 
Transense and Mesnac have entered into an agreement to combine their
individual areas of expertise, for the purpose of developing
Transense's patented tyre pressure monitoring sensor technology for
the attachment or embedding of these sensors into tyres.
 
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.
 
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."
 
Contacts:
 
Transense Technologies PLC
Graham Storey                     01869 238380
Norman Smith                      01869 238380
 
Brewin Dolphin Investment Banking
Neil Baldwin                      0845 213 4730
Sean Wyndham-Quin
 
About Mesnac
 
Qingdao Mesnac Co. Ltd. is a tyre technology company based in
Quingdao, China.  Mesnac have developed a range of tyre and
industrial production processes, control and testing systems and
supporting software.
 
About Transense
Transense Technologies is a technology transfer company based
in Upper Heyford, Oxfordshire. Transense develops Surface Acoustic
Wave (SAW), wireless, batteryless, sensor systems in partnership with
its licensees and partners, Honeywell, Melexis, Michelin, Sengenuity,
Stack, Tai-Saw, Texas Instruments, SCHOTT, McLaren Electronic Systems
and Carbon Motors.
 
Current applications include Tyre Pressure Monitoring Systems (TPMS)
and torque systems for Electrical Power Assisted Steering (EPAS) and
driveline management.
 
Transense is listed on the Alternative Investment Market of the
London Stock Exchange (TRT).
 
ENDS
 
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