Shares in Transense Technologies (AIM:TRT) surged 7% after the company announced a strategic partnership with Haltec Corporation, a leading North American tyre management specialist.
Under the agreement, Haltec will become a formal distributor of Translogik’s advanced tyre inspection tools, significantly expanding Transense’s presence in the US market.
Haltec, established in 1970, provides tyre valve systems and inflation solutions worldwide.
It will integrate Translogik’s technology into its product range and offer it to customers using its own tyre management software.
For the first time, Transense will have a formal US distribution partner with local inventory and support, improving supply chain efficiency and market access in North America.
The stock rose 10.3p to 157.8p.