LVC-Audio tells us that Transector is a transient design audio plugin, used to attenuate various transient qualities of an audio signal. They say that you can use it to boost the initial attack of various instruments, such as adding more crack to a snare or kick drum. Simultaneously, you can use Transector to alter the decaying portion of audio. This is useful in many situations, such as decreasing the decay of a vocal track, or reducing to amount of room ambiance in drum tracking. Here's the details in LVC's own words...
Transector is a highly customizable transient designer that you can use in a variety of mixing situations, with a variety of sonic material, and as a creative tool. Although the default settings work in many situations, Transector gives you access to many advanced features. This includes:
Instead of just Attack and Release, Transector includes a third band: Sustain. The Sustain band is an adjustable middle band between Attack and Release. By adding a third Transient band, you can use Transector to focus-in on different aspects of a track's sound. Increase the body of the sound without over exaggerating the attack, or roll-off the decay of a sound without removing all of the tone.
Transector includes extreme settings; settings that you can use to create new sounds. By taking advantage of Transector's side-chain controls and mid/side settings, Transector can help tracks sit in the mix, or stand out with flair.
Transector shares a common interface with ClipShifter, with input metering, output metering, and a waveform history view. Transector also shows you directly what is occurring with the two independent transient detectors. Use the controls to easily set advanced transient detection settings, or to adjust the transition areas between Attack, Sustain, and Release
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Three models - X-Touch, Compact and Mini - for maximum hands-on control