WOODBRIDGE, ON and TORONTO, Aug. 1 /CNW/ - BSM Technologies Inc. (GPS:
TSX-V) (http://www.bsmtechnologies.com) and Spectra Inc. (SSA:TSX-V)
(www.spectra-ssa.com) announced today that they have jointly developed a
remote air brake diagnostic and monitoring solution for both trucks and
trailers.
Brake problems on big trucks and buses can be identified and addressed
immediately with this remote monitoring system. This is the number one safety
and maintenance concern with operators and regulators throughout North
America.
Spectra Inc. has partnered with BSM Wireless to co-develop this remote
brake diagnostic monitoring system based on Spectra's proven brake sensor
technology, coupled with the remote monitoring function of BSM Wireless'
cutting edge vehicle tracking and fleet management solutions. This will ensure
that brake problems will be reported to maintenance in real time. In addition
to monitoring through the Brake Inspector(R) in-cab display module, the BSM
interface will send an email alert in real time to the fleet maintenance
department as well as the driver so that the problem can be dealt with
immediately.
"The ability to identify a brake problem remotely, anywhere in North
America, will allow maintenance personnel to direct the driver to the nearest
repair facility and avoid costly roadside fines, reduce vehicle downtime and
mitigate potential accidents", said Spectra CEO Andrew Malion. "We are
thrilled to be part of what will be a quantum leap in preventative air brake
maintenance procedures."
"BSM Wireless' proprietary technologies provide the critical gateway
necessary to allow the active real-time monitoring of a vehicle's braking
system, in addition to all the other monitoring services we provide. This
capability will allow BSM to gain additional revenue from that service", said
Nick Cirella, CEO of BSM Wireless. "The new system will combine the best of
both company's technologies and address a very serious need within the North
American trucking industry. Preventative maintenance of air braking systems
and mandatory visual brake stroke adjustment checks has long been the norm and
soon we will be able to offer the industry the ability to remotely monitor
their equipment to ensure their fleets safety and compliance".
The first implementation of this new system will be for TFX
International, a specialized vehicle transporter based in Toronto. Wally
Horodnyk, Vice President Maintenance for TFX stated "this monitoring system
for brake adjustment gives me tremendous peace of mind. Safety and road
worthiness of our fleet is our prime concern. I will be able to monitor the
status of my equipment's braking systems remotely and in real-time. The
instant that a problem is detected, we can correct it immediately, anywhere in
North America".
About TFX International
TFX International is a specialized transportation carrier that has been
in business since 1988. TFX prides itself that it has remained small enough to
be personal, yet large enough to handle the needs of its customers. With an
excellent safety record, they have moved all types of vehicles including
prototypes, test cars, priceless antiques, formula race cars, show cars, movie
vehicles as well as standard family vans, cars, motorcycles and boats. An
outstanding reputation for service and accessibility has made them a leader in
the industry. Whether you are relocating, organizing a tour, staging a special
event, or just heading south for the winter, remember... it's all about the
delivery. Their specially constructed trailers ensure total protection for any
vehicle from the elements, stone chips and other dangers related to vehicle
transport. The company's offices are located at 12 Stoffel Drive, Toronto,
Ontario. They can be reached by phone at 416-243-8531, by email at
Jacqui(at)tfxinternational.com or through their website at
www.tfxinternational.com
About Spectra Inc. (SSA:TSX-V) (www.spectra-ssa.com)
Spectra Inc. is a vertically integrated supplier of innovative products
and services to the Commercial Transportation Industry and the Professional
Trucker. Spectra's product line increases productivity, reduces maintenance
costs and improves fleet safety and includes Brake Safe(R) and SureStroke
(TM), visual brake stroke indicators, Brake Inspector(R), an advanced
electronic air brake diagnostic system and the Termin-8R TM line of
anti-corrosion and extreme pressure lubricants. Spectra's products are gaining
increasing Industry recognition and acceptance as demands for enhanced brake
safety increase among regulatory authorities and the motoring public.
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
subsidiary BSM 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 hundreds of Law Enforcement agencies to deter
vehicular, trailer and heavy equipment theft.
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
solutions, 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.
This press release is available on the company's official on-line
investor relations site for investor commentary, feedback and questions.
Investors are asked to visit http://www.agoracom.com/ir/bsm alternatively,
investors are asked to e-mail all questions and correspondence to
lmalcolm(at)bsmwireless.com where they can also request addition to the BSM
Technologies investor e-mail list to receive all future press releases and
updates directly.
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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.
