Transense Technologies, which makes sensor equipment for the transport market, says Michelin will be using its probes during the London 2012 Olympics.
The so called iProbe+, made by Transense's Translogik division, collects tyre pressure and temperature date and then transmits it wirelessly.
The driver or maintenance person simply walks around the vehicle receiving the information onto an electronic receiver.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
During the 2012 Olympics Michelin is to showcase the technology on London buses.
Graham Storey, the Chief Executive of Transense, commented: "We are delighted Michelin is using Translogik's innovative new iProbe+ tool in this very high profile safety initiative to promote its new 'communicating' tyre tracking system."
Transense shares had risen 12% by 10:58.
BS
-
Mohammed bin Salman: The new face of Saudi ArabiaUnder the crown prince Mohammed bin Salman, Saudi Arabia's de facto ruler, the kingdom has pursued ambitious reforms to transform itself into a thriving 21st-century economy
-
Should you move your money out of the US?US exceptionalism – the belief that the US and its economy is different from and superior to other nations – is coming under fire as a concept
