MISSISSAUGA, ON, Jan. 18 /CNW/ - BSM Technologies Inc, (GPS: tsx-v)
(http://www.bsmtechnologies.com) a leading provider of high security vehicle
tracking, surveillance and fleet management solutions today announced that it
has completed phase 1 installation of a vehicle tracking, locating, security
and fleet management application for a major construction company based out of
Ontario. For security reasons, the identity of the Unnamed Major Construction
Company ("UMCC") will remain confidential.
TOTAL UMCC POTENTIAL INSTALLATIONS AS HIGH AS 500 IN 2006
Conditional on the successful realization of pre-determined performance
metrics during phase 1, the UMCC may implement up to an additional 450 units
of SentinelFM during the course of 2006. Some of those metrics include robust
reporting, two way communications with the onboard intelligent vehicle
tracking device and ability to control security, abuse of vehicle idling
duration and other cost and safety efficiencies. BSM's ability to already
deliver on these requirements served as the basis for its selection by the
UMCC.
"Based on the high cost of fuel to run their vehicles and construction
devices, this construction organization determined that they required a more
efficient means of controlling onboard heating and high rates of idling time
that have now become major costs. In addition, security of their vehicles and
assets also became an important part of the ROI equation" said Michael
Bookbinder, VP Sales and Marketing at BSM Wireless.
Bookbinder continued "To cut down fuel bills and provide driver comfort
and safety, this company has implemented in-cabin heaters and company
procedures to reduce the inefficiencies of excessive idling time while
maintaining a reasonable level of heating comfort for the driver. Apart from
location and tracking accuracy, BSM Wireless is providing very detailed idling
reports on a real time basis for management to be constantly aware of
excessive fuel usage."
This press release is available on the Company's official investor
relations site for investor questions and commentary at
http://www.agoracom.com/IR/BSM. Alternatively, investors are able to e-mail
their questions to GPS(at)agoracom.com where they can also request addition to
the BSM investor e-mail list.
About BSM Technologies (GPS:TSX-V) (http://www.bsmtechnologies.com)
BSM Technologies designs, manufactures and markets a comprehensive line
of AVSL (Automatic Vehicle Security and Tracking) solutions for Fleet
Management, Law Enforcement, and Consumer Vehicle Protection, through its
subsidiaries BSM Wireless and HGI Wireless. The BSM line of products range
from Fleet Management and Consumer Vehicle Protection offerings to the full
featured ''Stinger'' product featured in news media worldwide as the key
technology behind the Bait and Covert application used by major Law
Enforcement agencies to deter vehicular, trailer and heavy equipment theft.
BSM's role as the leading provider of Bait Car technology to hundreds of
police forces is based on an impressive track record of almost a 100%
conviction rate in the prosecution of criminals caught through application of
BSM technology. Wherever it is implemented, BSM's Bait Car technology is
usually successful in reducing vehicular theft by up to 40%.
Superior functionality, seamless switching between 2 separate footprints,
enhanced reliability, advanced security features, and excellent value,
characterize BSM products. By incorporating advanced wireless locating and
mapping technology, and IP-based communications protocols, the BSM line of
products provides sophisticated real-time monitoring and control of commercial
and personal vehicle assets to meet the demanding needs and stringent
requirements of today's mobile environments. BSM's unique end-to-end solution,
features sophisticated wireless hardware, firmware and software all developed
by and proprietary to BSM. The BSM product line can be easily adapted and
customized to match any customer user requirement while BSM's in-house support
infrastructure assures that all clients receive the premium AVSL solution in
the industry to meet their needs.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. No stock
exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein. This News Release may include
certain "forward-looking statements" that involve risks and uncertainties.
Actual results may differ materially from results indicated in any forward-
looking statements. The company cautions that, among other things, in view of
the rapid changes in communications markets and technologies, and other risks
including the cost and market acceptance of the company's new products, the
level of individual customer procurements and competitive product offerings
and pricing, and general economic circumstances, the company's business
prospects may be materially different from forward-looking statements made by
the company.
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