Transense Losses Widen

Transense Technologies PLC additional 2006 losses partly due to a new accounting charge on share options and a £178,000 patent cost amortisation charge. The AFX news aency reported that losses for the year to December 31 widened to £1.33 million from £1.14 million a year ago, on a 9 per cent increase in sales to £604,000. However the company remains convinced that large revenues will develop over the medium-term. At the end of 2006 Transense signed deals with American automotive company Lear Corporation and Michelin in the US.