Partner Transense Announcement on Composite Wheel Dev.
This from Transense last night.Transense is looking forward to the development of composite rims for cars. It may take a while to perfect this technology. For more on who 3DM is see Yahoo Board.
Later....Klingerg
Transense Technlgy - Re Agreement
RNS; Dec 15, 2000
Transense Technologies signs agreement With 3DM Technologies.
Transense Technologies plc is pleased to announce that it signed a licence agreement with 3DM Technologies Inc in Detroit last night. The licence is forin-wheel tyre pressure measurement.
Under terms of the licence Transense will receive an up front payment followed by a royalty on all future sales incorporating the Company's know-how and patented technology.
3DM specialises in state-of-art plastic moulding technology, which is used to produce parts that are used throughout the automotive industry, and, apart
from being a large supplier, has ongoing development programmes with a number of leading OEM automotive companies.
One of these programmes, which is now in the early stages, is to develop the Transense SAW technology for composite wheels, which will replace those traditionally made of steel or aluminium. The Transense SAW technology is ideally suited for this application.
Jim Perry CEO of Transense said last night. "The companies we are targeting to license our tyre pressure monitoring technology have specific application needs. 3DM is one such Company in that it can incorporate our non-contact
sensor technology into the fabric of the composite wheel material during its manufacturing processes.
Last year we signed a licence agreement with SmarTire Inc, which is at present using a battery driven device incorporating the tyre valve. The Company has already won a number of contracts to supply systems to car companies over the next two-years and chose to license our technology for their next generation systems.
Following the major recall of Firestone tyres this year the American Senate passed a bill in October that by 2003 all vehicles must be equipped with tyre deflation warning systems. At present the only systems currently available use Lithium batteries-the Transense system does not need batteries.
We started our development of a non-battery solution using SAW technology some years ago and, with our patents and know-how, I believe that we are in the forefront of technology of being able to measure what is happening to your tyres in real time at low cost".
Mario DiNello, President and CEO of 3DM Technology said last night: " I am delighted that we have signed a licence agreement with Transense Technologies. At 3DM we have specialised in making highly sophisticated plastic mouldings for the automotive industry and pride ourselves in being very innovative. The non-contact no-battery SAW technology Transense is now demonstrating is ideal
for embedding in the composite wheel we are developing.
The Transense tire monitoring system will provide an economical way to build a safer vehicle. Another major benefit of the Transense technology is that it
indicates actual tire pressure. This information provides the driver with the correct inflation pressure to enhance safety to maintain the maximum miles per gallon, relative to tire performance. This feature could affect fuel economy by 2-3 miles per gallon, resulting in savings of hundreds of dollars per year
to the American consumer.
Naturally we are all very excited about tire pressure monitoring, as are our customers. As a tier 1 supplier we are in close contact with the major automotive companies here in America. We also have a number of major Japanese
car companies as customers. We are supplying them with parts such as lights, facia and door panels that go into over 2,500,000 vehicles a year. We also have joint development programmes initiated with a number of customers including one of North America's Big Three Automotive manufacturers.
Undoubtedly, with the new legislation making it mandatory to fit tire monitoring systems in all vehicles starting 2003, I believe that every car manufacturer is a potential customer and with 17 million vehicles a year being
produced in the US that is potentially big business".
For further information, please contact:
Jim Perry, CEO
Transense Technologies plc 01869 238 030
Graham Eves, Commercial Director
Transense Technologies plc 01869 238 030
Graeme Bayley
HSBC 020 7336 9000
From: globalarchive.ft.com |
