Source - Alliance News

Transense Technologies PLC on Wednesday announced its division, Translogik, has agreed a strategic distribution partnership with Assetfindr.

Transense is a provider of specialist sensor systems based in Bicester, England. Assetfindr is a provider of advanced maintenance management software and IoT device solutions, based in Jakarta, Indonesia.

As part of the partnership, Translogik’s wireless tyre inspection tool will be integrated into AssetFindr’s platform, which includes the TyreOptimax module.

Transense said this will enable fleet operators to streamline tyre management, enhancing efficiency and reducing downtime.

The company noted that the partnership will open a new sales region for Translogik, as it brings its systems to market in Southeast Asia for the first time.

Translogik Director Kevin Hennelly commented: ‘Our partnership with AssetFindr marks a significant milestone for Translogik, as we continue to expand our footprint in the Asian market, offering innovative solutions to fleet operators across the region.’

Chief Executive Officer at AssetFindr Sugih Sutjiono added: ‘We are excited to partner with Translogik to enhance our platform with their market-leading tyre inspection technology. This integration will greatly improve tyre management for our clients, driving efficiency and cost savings.’

Transense shares were up 1.2% at 172.10 pence each in London on Wednesday morning.

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Transense Technologies PLC (TRT)

+5.75p (+3.86%)
delayed 10:11AM