longtermBLVR
23 Jul 2016
not if, but how many sensors... to be used by GE.From GE's own site[link] seems TRT is on way to becoming to GE and other industrial players, what ARM is to Apple etc. It will provide its IP for a royalty so the Co will not even need to spend money in making its own sensors, it will merely licence their use. Much more profitable.Good news for TRT:Billions of sensors will be needed for the IIoT.Technology and competitors to GE are moving fast so developments should follow soon.
longtermBLVR
21 Jul 2016
GE's digital foundry in China & Paris [link] “internet of things” (IoT) is much hyped. For a decade, a world in which household appliances, packaged goods, clothes, medical devices and much more besides would be connected to the internet via smart chips and capable of sensing and sharing information has been just around the corner. Progress remains slow in the consumer market, despite a few hit products, such as the Fitbit, an activity tracker that connects to smartphones. An industrial form of the IoT, however, may come to fruition much faster.As the world’s biggest manufacturing power, China is well placed to lead this transition. Which is why this week GE, the world’s biggest industrial company, opened what it calls a “digital foundry” in Shanghai. The centre will help Chinese companies develop and commercialise products for the industrial internet of things, which involves factory machines and industrial goods communicating with each other and their surroundings. It will probably be a much bigger market than the one for consumers. China has millions of factories with billions of machines and it also makes most of the world’s electronics, including many of the sensors and other electronic devices that would form the backbone of such a network. Moreover, the government is keen to upgrade the country’s manufacturing base.There are already more things connected to each other in China than in any country, with the numbers set to skyrocket further (see chart). IDC, a research firm, forecasts that the overall market for IoT kit of various forms in China will rise from $193 billion last year to $361 billion in 2020. Accenture, a consultancy, reckons embracing IoT in manufacturing could add up to $736 billion to China’s GDP by 2030.GE’s new centre (it will soon open a similar one in Paris to tap into the European market) is part of its efforts to get firms to use Predix, its proprietary software for the industrial IoT. The American company had already signed up China Eastern Airlines and China Telecom, two big state-owned enterprises, and this week Huawei, a Chinese telecoms-equipment giant, also came on board as a partner. GE is not alone in seeing China as a potential hotbed of the industrial IOT. Siemens, a German rival, held an event in Beijing earlier this month to trumpet its own technology. HP, Honeywell and Cisco, all big American technology firms, are also rushing in.Sany side upChinese firms, however, have their own plans. China Mobile, the largest mobile-phone firm, has established its version of a digital foundry: a “cellular IoT open lab”. Li Yue, the company’s chief executive, dreams that he could earn 100 billion yuan ($15 billion) from the IoT with as many as five billion devices connected by 2020.Chinese firms also have local knowledge. Sany, which makes construction equipment, started connecting machines on its factory floor in 2008. It then put sensors on its diggers and cranes to monitor them in real-time to improve operating efficiency. The company has invested in data analytics and artificial intelligence. He Dongdong, who leads those efforts, brags that unlike foreign multinationals his firm knows how to make affordable kit that works in “Chinese conditions”. that he means places where workers are low-skilled, conditions are dirty and operators often push equipment to its limits.That points to another sort of local advantage. Foreign firms might have fancier kit, but locals know how to make things cheap and cheerful. Huawei’s push into the IoT got a boost in June when a new protocol it helped to develop, known as “narrow band IoT”, was approved as a global standard. The new protocol works with devices that require inexpensive sensors that use little energy.Still, there are three potential snags to China’s IoT ambitions. Firms, squeezed by both a weak local and global economy, may not be able to afford to connec
forwardloop
19 Jul 2016
FinnCap Lower down the market Aim-listed Transense Technologies has jumped 50% to 1.5p after it unveiled a licensing deal with GE for its surface acoustic wave technology, sensors which measure the torque, temperature and pressure of tyres in industrial environments. Analysts at finnCap said:The group has achieved a notable licence agreement with GE for use of its SAW technology; GE is the second major manufacturer to sign a commercial licence on this technology, the other being Emerson, and together these deals signal the potential commercial value of the SAW technology. The group has also announced a year-end trading update, with revenues in line with previous guidance, albeit still held back by the deferred investment decisions by mining sector customers. No change to our 2016 trading forecasts. The shares should react well to this positive and encouraging licence agreement.
longtermBLVR
19 Jul 2016
Re: Great News Not a straight line - Always some profit taking after big jumps, especially due to the long gaps between RNSs.But we know that sooner or later, the jumps will be getting bigger than the inevitable legs down.
Lensl
19 Jul 2016
Re: Great News Clearly the company's products are successful and it is only one direction now. Upwards!
Bantam Spirit
19 Jul 2016
Re: Great News Excellent stuff!Patience will be rewarded.Bantam...so will our pockets.
longtermBLVR
18 Jul 2016
Re: Great News 1 million cash used during the half year 2016 (from 4.6mln to 3.6), plus cash from GE takes us back to 4mln roughly - meaning 2 years worth of cash, assuming current levels of sales.Broker expects breakeven next year hence cash should be more than sufficient.If GE paid USD500,000 (+more to come) for licensing, how much should SIEMENS (?) pay over the next few months for sensors already embedded in products (big industrial machines)?
longtermBLVR
18 Jul 2016
today's trades Nice to see another 750000 shares bought at 1.5p.Overall, most of the trades today appear to have been buys, not many sells.We need another 2-3 big announcements before PIs start believing in the turnaround and geting to the target price (2.7p based on conservative estimates in April).
longtermBLVR
18 Jul 2016
European customer "...successful product launch by a major European customer in April 2016..."Maybe a concidence but SIEMENS had that exhibition back in April!So the product has been on the market already, for almost 3 months.Maybe they will anounce the client in September, with the results?
longtermBLVR
18 Jul 2016
Re: Great News Low turnover still a disappointment but sale of probes is picking up.I reckon we have 2 years worth of cash but as yet, nothing announced on the identity of the European partner nor the volume - when that is out, expect another uplift in the price. Obviously, the European big boy wants things under wrap for commercial reasons so I guess we area talking serious production and not just another trial.
antcrow
18 Jul 2016
Re: Great News excellent news
Another Jacko
18 Jul 2016
Great News Great news today that they have sold a licence to GE for up to $750k and a perpetual royalty stream if the product is adopted. The market cap at this moment is about £7.5m which with £4m in cash barely values the technology at all.It looks cheap to me and I have bought some at 1.35p because the way I see it they have 3-4 years worth of cash left to make a success of things and failing that they can probably sell the technology for at least the market cap.I think this has to be their last chance to make it though as I wouldn't support any more fundraisings unless there was a really good reason.It's time for them to prove themselves.
jgrjgr
16 Jun 2016
Re: Hannover Exhibition 25 April - Sieme... Silver lining? I do hope so since it seems that the silent majority appear to be increasingly disillusioned with the patronising attitude of the ruling classes, and their indifference to the immigration and sovereignty issues! Brexit must be at least 50-50 now.
longtermBLVR
15 Jun 2016
Re: Hannover Exhibition 25 April - Sieme... No clue! But no news for over 3 months, and still no announcement re the mystery multinational. But first half is over soon, so we should get something.Brexit fear is holding everything back but if it comes to that and GBP plunges, TRT's income is in EUR and USD, while expenses are in GBP mostly and USD...so maybe a silver lining?
jgrjgr
15 Jun 2016
Re: Hannover Exhibition 25 April - Siemens Do we know if they showcased their TRT connected products? Not a ripple in the marketplace other than the continual plod downwards in the share price! We could do with some positive news!
