SmarTire begins shipping enhanced motorcycle product
New sensor design enables SmarTire system to fit more motorcycle types and rim sizes
RICHMOND, BC, April 6 -- SmarTire Systems Inc. (OTCBB: SMTR) today announced that it has begun shipments of its enhanced SmarTire for Motorcycles product. The new product includes a redesigned sensor that enables the system to fit a greater number of motorcycle types and rim designs. The new design also increases substantially the strength of the sensor housing for additional system durability. SmarTire for Motorcycles has also been localized for the French and German market with the appropriate language manuals and system documentation.
SmarTire for Motorcycles is an active tire pressure and temperature monitoring system that provides real-time tire information to the rider while the bike is in motion. At a push of the button, SmarTire displays each tire's pressure, temperature and pressure deviation. If the system detects a loss of air pressure or abnormally high tire temperature, a bright warning light automatically alerts the rider to the condition.
"The new sensor design greatly expands our market potential in terms of the number and type of motorcycles and rims," says Nigel Hammond, General Manager of SmarTire Europe Ltd. "We have had very positive reviews of the product since we launched it last year. We have also received many testimonials and reports from the field of the system saving riders from both the inconvenience and danger of a tire problem while riding. With the changes to the sensors and the new documentation for the French and German markets, we are making this important technology available to an even wider range of bikes and riders."
About SmarTire Systems Inc.
SmarTire develops and markets proprietary advanced tire pressure monitoring and technology systems for the global automotive and transportation industries. The U.S. Government, through the TREAD Act, has legislated that all new passenger vehicles must be equipped with tire monitoring systems beginning with a phased implementation in 2004. SmarTire is capitalizing on the rapidly emerging OEM and aftermarket opportunities. The company's vision is to become the preeminent provider of wireless sensing and control systems for vehicles worldwide. Incorporated in 1987, SmarTire has offices in North America and Europe.
A comprehensive investment profile regarding SmarTire Systems Inc. may be found online at www.hawkassociates.com/smartire/profile.htm.
Additional information about SmarTire Systems can be found on the website www.smartire.com. An online investor kit containing SmarTire press releases, SEC filings, current price Level II quotes, interactive Java, stock charts and other useful information for investors can be found at www.hawkassociates.com and www.hawkmicrocaps.com. Investors may contact Randy Halischuk, or Judy Leclercq, SmarTire at (800) 982-2001 email: email@example.com or Frank Hawkins or Julie Marshall, Hawk Associates at (305) 852-2383, email: firstname.lastname@example.org.