Shares of Transense Technologies leapt as the maker of industrial sensor systems said sales for the first four months of the new financial year surged almost fourfold from the same time last year.
The Oxfordshire based group, which makes tyre pressure monitoring technology, said it has made progress towards commercialisation of the torque flexplate in partnership with General Motors. It is also in advanced discussions with a second major car components manufacturer regarding a further flexplate project.
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