Translogik Buys Pneu-Logic IP and Trading Name
Translogik Ltd, a wholly owned subsidiary of RFID company Transense, has announced the purchase of intellectual property (IP) relating to Bluetooth enabled tyre inspection tools manufactured by Pneu-Logic and the trading name Pneu-Logic. Translogik paid an initial amount of £50,000 and additional payments will be made, subject to sales volumes, up to an undisclosed agreed maximum. This latest announcement follows the news (on 8 June 2009) that Translogik, Transense’s sales arm, was to distribute the Pneu-Logic made bluetooth tyre tools.