– UK, Bicester – Transense Technologies plc (LON: TRT), the provider of specialist sensor systems, today announced the appointment of Stephen Parker to its Board as an Independent Non-Executive Director, effective from 1 May 2023.
“We are delighted to welcome Stephen to the Board, where we can benefit from his rich and varied knowledge, experience, and insight, and his extensive network of relevant business contacts. We look forward to working with Stephen to continue developing our exciting pipeline of opportunities, especially for our Surface Acoustic Wave sensor technology,” said Executive Chairman, Nigel Rogers.
About Stephen Parker
Stephen Parker is an experienced board director with a track record of leading technology, automotive, and transportation businesses. He has significant experience working in leading professional services firms advising international companies in the development and implementation of business strategy and has hands-on experience across the full business cycle from start-ups to mergers and acquisitions, both buy-side and successful exit.
He is currently the Senior Independent Director of YASA Limited, having been Chairman guiding it through its early stages of innovation to scale-up, industrialization, and its purchase by Mercedes-Benz Group AG in 2021. YASA designs and develops axial flux electric motors for premium, high-performance automotive applications.
Stephen Parker is also Non-Executive Chairman of Evolito Limited, an advanced technology company that designs, develops, and manufactures electric propulsion units for the aerospace sector to power vertical lift and short flight duration fixed-wing aircraft. Evolito was spun out of YASA on its sale to Mercedes-Benz and is funded via private equity.
Previously, Stephen Parker fulfilled several senior executive leadership roles in international organizations including Unipart, Ricardo, AT Kearney, Perkins Engines, and Babcock International. Stephen was also a senior independent director at the Transport Research Foundation from 2015 to 2023 and is a current Pro-chancellor at Coventry University where he was previously Chair of the Board of Governors.
About Transense
Transense is headquartered in Oxfordshire, UK, and develops and supplies wireless sensor technology and systems, and currently has three business segments:
SAW – patent-protected Surface Acoustic Wave sensor technology that provides real-time measurement of torque, temperature, pressure, and strain, and is used to improve efficiency, performance, safety, and sustainability of propulsion systems and machinery. The current focus is the development of a pipeline of high-caliber customers and collaborative partnerships for a variety of applications in electric drives, aerospace, industrial machinery (including off-highway and robotics), and high-performance automotive sectors.
Translogik – smart, connected commercial vehicle tire inspection equipment, used by vehicle fleets to more easily gather and maintain accurate tire safety and condition data; and,
iTrack – a tire monitoring system for off-highway vehicles, licensed exclusively to Bridgestone Corporation, the world’s largest tire producer, under a ten-year deal expiring in 2030.
Source: https://www.transense.com/
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