Transense division Translogik enters southeast Asia partnership

2nd Oct 2024 14:11

(Sharecast News) - Transense Technologies announced on Wednesday that its Translogik division has entered a strategic distribution partnership with AssetFindr to expand into the southeast Asian market.

The AIM-traded firm said AssetFindr, a Jakarta-based provider of maintenance management software and internet-of-things (IoT) device solutions, would bring Translogik's tyre inspection and data capture tools to the new region for the first time, in conjunction with its own TyreOptimaX module.

It said the collaboration would integrate Translogik's wireless tyre inspection tool into AssetFindr's FleetOptimaX platform, designed to enhance fleet maintenance efficiency for logistics, mining, and transport operators.

The tool reportedly provides a 70% improvement in tyre inspection times by measuring tyre depth, pressure, and capturing RFID and TPMS data, all within a single device.

Transense said the partnership was expected to benefit from AssetFindr chief executive officer Sugih Sutjiono's extensive industry experience across Indonesia, where he had worked closely with tyre manufacturers and transport operators to develop tailored solutions for the region.

"We are thrilled to collaborate with AssetFindr, integrating our tyre inspection tools with their innovative TyreOptimaX module," said Translogik director Kevin Hennelly.

"This partnership will provide fleet operators with real-time tyre data, enhancing efficiency, reducing downtime, and improving tyre procurement."

Hennelly said the company was looking forward to bringing the operational benefits to new customers in southeast Asia.

"Our partnership with AssetFindr also marks a significant milestone for Translogik, as we continue to expand our footprint in the Asian market, offering innovative solutions to fleet operators across the region."

At 1228 BST, shares in Transense Technologies were down 5.29% at 161p.

Reporting by Josh White for Sharecast.com.