Transense Technologies plc, the Bicester-based provider of specialist sensor systems has appointed two executive directors to the Board of the Company: Nick Hopkins MBA as Chief Operating Officer, and Ryan Maughan FIMechE MSc as Business Development Director.
The company also said that revenues in the financial year to date are in line with the Board’s expectations and ahead of the level achieved in the equivalent period last year. Trading results to 31 October 2021 were profitable and cash generative, with net cash at 31 October 2021 of £1.34m (30 June 2021: £1.05m).
Nick Hopkins joined Transense in June 2020 as Managing Director of its Surface Acoustic Wave (SAW) business. Since his appointment, he has overseen all the commercial and operational activities of the SAW business, including cementing existing long-term relationships with key customers and suppliers, and providing leadership to the team. Before joining Transense, Nick had several years of business experience in the electronics sector using SAW for Test and Instrumentation, following a military career which included the command of an Army Air Corps operational helicopter squadron and operational and capability equipment roles with the Joint Helicopter Command. He now joins the Board of Transense as Chief Operating Officer with responsibility for the SAW business.
Ryan Maughan joins the Board as Business Development Director, a part-time executive role that represents a significant extension of his current activities as a member of the Company’s SAW Commercial Advisory Panel, SAWCAP. He will lead Transense’s business development, commercial and marketing activities for SAW, reporting to the Board. He will help to develop commercial opportunities in propulsion systems and complex machine control, where SAW sensor technology delivers improvements in performance, efficiency, safety and reliability.
Ryan is an award-winning engineer and business leader with more than 20 years’ experience in the high-performance, heavy-duty and off-highway automotive markets. Prominent in the development of power electronics, electric motors and drives (PEMD) for these demanding applications, he has successfully founded, scaled and sold three businesses in the electric vehicle space. He is currently CEO of eTech49 Limited, an advisory business specialising in disruptive hardware technology in PEMD. In addition, he is Chairman of EV North, an industry group representing the booming electric vehicle industry in the north of England, a Board member of the North East Local Enterprise Partnership and an advisor to a number of corporations.
Executive Chairman, Nigel Rogers, said:“We are delighted to welcome Nick and Ryan to the Board of Transense. Under Nick’s leadership over this past year, customer and supplier relationships have been strengthened further, and our engineering capabilities have been enhanced through key new staff appointments. Ryan has provided invaluable input to our business development capability through his involvement in SAWCAP, and we are delighted that he is joining the Board to build on this early success.