Two great ways to profit from the new wave of motoring technology

'Telematics' - the remote gathering of information - has long held promise for investors, but has so far failed to deliver. That may be about to change. Tom Bulford examines the sector, and picks two stocks to keep an eye on.

For years a company close to me here in Oxfordshire, Transense Technology (LSE: TRT), has been developing tyre pressure monitors. These alert truck drivers when the air pressure in the vehicle's tyres falls below the manufacturer's recommended level. Sounds like a great idea.

And yet as far as I know, Transense is yet to sell one of its monitors or earn a royalty payment from a licensee. Meanwhile, tyre pressure monitors are already standard in the United States, and produced in the millions by major suppliers.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.