Transense Technologies PLC (GB:TRT) has released an update.
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Transense Technologies PLC, a leader in sensor technology, has been chosen to participate in an £11 million electric vehicle (EV) R&D project alongside Protean Electric and other partners. The company will incorporate its SAWsense technology into Protean’s in-wheel motor systems, aiming to advance the UK’s EV market and manufacturing capabilities. The involvement in this project aligns with Transense’s revenue forecasts and offers potential for long-term production revenue.
For further insights into GB:TRT stock, check out TipRanks’ Stock Analysis page.
