LONDON, UK: Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, announced the signing of a Memorandum of Understanding (MoU) with Meggitt SA, the designer and manufacturer of complete condition monitoring, vibration monitoring and measurement solutions for the aerospace and energy markets.
Under the MoU, Transense will support Meggitt’s evaluation of potential market opportunities for future deployment of SAW technology in the aerospace sector, with the shared intention for Transense to grant a licence covering relevant fields of use to Meggitt at the conclusion of the MoU on or before 31 December 2023.
Nigel Rogers, Executive Chairman of Transense Technologies, said, “We are delighted to be working with Meggitt SA in the aerospace market. We have developed close working relationships and have a shared vision of the many advantages that SAW technology offers to customers in this rapidly changing sector. Meggitt provides aerospace sensing and monitoring systems to the leading aerospace manufacturers and operators around the world, and are an ideal partner for Transense as we seek to promote our technology in this exciting arena.”
Pierre-Alain Brodard, Acting SVP, Engine Sensing Meggitt, added, “We are excited about the collaboration with Transense. Their unique technology has the potential to become a great addition to our Engine Sensing portfolio. It fits perfectly with our strategy to support our Engine OEM customers with unparalleled sensing and monitoring solutions that are enabling the sustainable aviation of tomorrow.”