ukcitymedia news feed

Transense Technologies to provide sensor systems GE Aviation Contract Win

Transense Technologies to provide sensor systems GE Aviation Contract Win

Mon 4 Feb 2019 07:13 by ukcitymedia.co.uk about : contract wins - 0 Comments - 408 words


  

Transense Technologies Plc (AIM: TRT), the provider of sensor systems for the transportation, automotive, avionic and industrial markets, is pleased to announce that their licensee GE Aviation (GE) T901-GE-900 engine has been selected by the U.S. Army for the Engineering and Manufacturing Development (EMD) phase of the Improved Turbine Engine Program (ITEP), the U.S. Army's endeavor to re-engine its Boeing AH-64 Apaches and Sikorsky UH-60 Black Hawks. The T901 engine incorporates a Transense Technologies Surface Acoustic Wave (SAW) sensor.

The US Army intends to replace the more than 6,000 engines installed in their current fleet of these two aircraft; the wider market for the T901 includes replacement engines for these aircraft in military forces outside of the USA as well as other military and commercial medium sized vertical take-off aircraft opportunities globally.

Transense's Graham Storey stated, "We are very proud of the involvement of Transense's SAW technology in this engine and look forward to working with GE in the future".

GE will pay a perpetual sales royalty to the Company in respect of each unit using the technology, under the license agreement previously announced by the Company in July 2016 and March 2017.

 



These articles are summaries / highlights and dont always include all financial news updates. Check at company website INVESTORS INFORMATION for full published results.


Add a comment


Username:


Email:


Security key:


Message:






More

ukcitymedia news feed

Please take our RSS Feed and news to your Network and message boards. With thanks





 


ukcitymedia moderates but does not authenicate postings. Users are reminded that shares and all trading instruments by nature do not always prove to be good investments. Readers are reminded to do your own research. ukcitymedia.co.uk delivers UK stock market news, latest shares news, uk financial news, rns news articles, latest business news, latest uk financial news, stockmarket investment news, business news round-ups. director dealings bulletins, stock market reports, share trading articles, latest finance news, broker recommendations, uk city news, latest financial information. ukcitymedia.co.uk does not offer financial advice.