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(Sharecast News) - Automotive and aerospace sensor technology specialist Transense Technologies announced on Wednesday that it has been chosen as a key partner in an ambitious £11m electric vehicle (EV) research and development programme.
The AIM-traded firm said the project was part-funded by the UK government through the Advanced Propulsion Centre UK (APC), and aimed to bring advanced UK-developed power-electronics products and manufacturing capabilities to the EV market.
It said the programme, known as Power-electronics Upscale for Localisation and Sustainable Electrification (PULSE), was being led by Protean Electric, a leader in automotive technology and in-wheel motor solutions.
Other collaborators included Unipart, Viritech, and Hypromag.
Transense would contribute its SAWsense technology to enhance Protean's in-wheel motor assemblies, improving control and performance.
That, the company said, would involve integrating SAWsense sensing elements within the motor system, along with electronics and control software, as part of Protean's new 800V Twinverter system.
The 30-month PULSE project would build on Protean's Gen5 in-wheel motor technology by developing an advanced 800V Silicon Carbide (SiC) Twinverter and in-wheel motor suitable for both lightweight and heavy-duty EVs.
It would also focus on creating an integrated drive unit to meet the growing demand in the EV market.
As part of the project, Transense said it would invest in developing its supply chain and manufacturing capabilities to meet automotive production and quality standards, supporting Protean's forthcoming market launch.
"We are thrilled to be a part of this groundbreaking EV drive system project, propelling the UK's automotive industry toward sustainable electrification," said Transense managing director Ryan Maughan.
"Winning such a competitive bid is a testament to the confidence in our SAWsense technology and our team's expertise.
"This project underpins our near-term revenue forecasts and presents long-term opportunities for production revenue."
At 1058 BST, shares in Transense Technologies were up 3.71% at 186.7p.
Reporting by Josh White for Sharecast.com.