Transense Technologies chairman David Ford said the board remains cautiously optimistic, after trading in the new financial year benefitted from an increased contribution from both Probes and iTrack II.
The board expects a similar financial performance to the equivalent prior year period.
Since the financial year end it has announced two new iTrack II rental deals with BHP covering 66 new rental units. These new rental deals continue to build recurring cash flow.
The relationship with GE continues to strengthen following the completion of rigorous testing of the SAW sensor technology.