Transense Technologies Plc (LON:TRT) CEO Graham Storey talks to DirectorsTalk about it’s new contract win with Glencore Plc. Graham explains what the new contract entails, how the relationship has developed, the benefits of using a structured rental and service basis and the appetite for iTrack systems in the mining sector as a whole.
Glencore Plc is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The group’s operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities. With a strong footprint in both established and emerging regions for natural resources, Glencore’s industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors. They also provide financing, logistics and other services to producers and consumers of commodities. Glencore’s companies employ around 155,000 people, including contractors. Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. They are an active participant in the Extractive Industries Transparency Initiative.
Transense Technologies Plc, based in Oxfordshire, UK, has developed patent-protected sensor systems and supporting technology for use in a variety of diverse high growth markets. Transense’s Surface Acoustic Wave (SAW) wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Transense is targeting the global transport and mining industries, and the global torque, temperature and pressure sensing markets, via its two trading divisions,Translogik and SAWSense.