Business
BSM Technologies awarded $900,000 contract in expansion of services to existing client
Jun. 2, 2011 (Canada NewsWire Group) -- WOODBRIDGE, ON, June 2, 2011 /CNW/ - BSM Technologies...
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[{"type":"text","content":"\n\n\n Jun. 2, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nWOODBRIDGE, ON, June 2, 2011 /CNW/ - BSM Technologies Inc. ("BSM" or the\n "Company") (TSX-V: GPS), a leading provider of remote monitoring, fleet\n management, fleet diagnostics and automated vehicle security systems,\n today announced that it has been awarded a contract to provide its\n Sentinel FM asset tracking solution to a major Canadian transportation\n services provider. For the initial implementation, valued at more than\n $0.9 million over a two-year period, BSM equipment will be installed on\n approximately 800 vehicles.\n\n\nThe contract is an expansion of BSM's existing relationship with the\n client, which has over 1,500 vehicle installs in another division.\n Later this year, another 400 vehicles will be installed in this\n division, bringing BSM's total mandate with the client to about 2,700\n vehicles and a contract size of $1.2 million.\n\n\n"This contract expansion demonstrates the effectiveness of the BSM\n solution," said Aly Rahemtulla, President and CEO. "Since we began\n working with one division of this client, vehicle installations have\n expanded by over three times, delivering a measurable improvement in\n fleet utilization. By adding this additional division they can begin to\n extend these benefits across the organization."\n\n\nThis new implementation will be integrated with the client's dispatch\n system to enable real-time fleet management and ...