Transense Technologies PLC (GB:TRT) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
