Transense Technologies plc announced the signing of a Memorandum of Understanding (MoU) with Meggitt SA, the designer and manufacturer of complete condition monitoring, vibration monitoring and measurement solutions for the aerospace and energy markets. Under the MoU, Transense will support Meggitt's evaluation of potential market opportunities for future deployment of SAW technology in the aerospace sector, with the shared intention for Transense to grant a licence covering relevant fields of use to Meggitt at the conclusion of the MoU on or before 31 December 2023.