Transense Technologies Plc (LON:TRT) CEO Graham Storey talks to DirectorsTalk about the licencing agreement with GE, how tyre management solutions have significantly reduced costs for mine operators and with a strong cash balance where the focus of the business will be.
An estimated 69.6 million cars and light trucks were manufactured in 2010. Assuming five wheels per vehicle, (trucks range from 6 to 42) that equates to at least 340 million new wheels and tyres per year. The world’s current production of tyres is 1.2 billion with the difference due to replacement tyres. One of the fastest growing markets in the next 10 years will be China, where annual sales in 2010 exceeded 10 million. It is forecast that in 2012, car sales in emerging nations will surpass purchases in the developed world for the first time on record.
The world is consuming oil, for all purposes, at the rate of 77 million barrels a day. This figure is anticipated to rise to 121 million barrels a day by 2025. The emissions of carbon dioxide are expected to rise from 24 billion tons to 37 billion tons over the same period of which approximately 10% can be attributed to cars and light trucks. In addition, there are emissions of soot and oxides of nitrogen from diesel driven vehicles. In 2004, in the US, cars and light trucks emitted as carbon dioxide, 314 million metric tonnes of carbon – equivalent to a coal train 50,000 miles long.
Transense Technologies Plc 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 transport and mining industries, and the global torque, temperature and pressure sensing markets, via its trading divisions, Translogik and SAWSense.
