SmarTire Systems Participates At Hamburg Tire Technology Expo; Company Displays Existing Tire Monitoring Products Plus Future Battery Less Solutions

    RICHMOND, British Columbia--Feb. 19, 2002-- SmarTire Systems Inc. , a leading developer of tire pressure and temperature monitoring technology, will be participating at the Tire Technology Expo 2002 in Hamburg, Germany, February 20-22. The Company will be exhibiting its existing products for passenger cars and a future battery less tire monitoring product incorporating Surface Acoustic Wave (SAW) technology. SmarTire's President and CEO, Robert Rudman, is also a guest speaker and will be presenting a technical overview, "Innovative Tire Monitoring Solutions: A New Era."
    SmarTire will be displaying in the Exhibitor Hall with a global forum of companies representing all sectors of the tire industry. In addition, SmarTire will show its first prototype of a future tire monitoring sensor incorporating SAW technology as developed by Transense Technologies plc. In 1999, SmarTire became the first licensee of Transense's SAW technology for tire monitoring applications. The Company has non-exclusive, worldwide rights to develop and market Transense's SAW technology for tire monitoring systems.
    "SmarTire has an aggressive product roadmap moving forward including tire monitoring solutions for applications beyond passenger cars, including commercial, recreational and industrial vehicles as well as motorcycles. In addition, new technologies are being developed that operate without batteries," said Ian Bateman, Managing Director of SmarTire Europe.
    In the presentation, SmarTire's President and CEO, Robert Rudman, will outline the Company's current technological platform, products and future product roadmap. He is scheduled to present on February 21, day 2 of the program, session 3. The presentation will be posted to the "Events" section of the Company website at www.smartire.com.
    Tire Technology Expo 2002 is the second highly focused international Exhibition and Conference to be held in Europe, exclusively concerned with tire design, materials and manufacturing technology. More than 75 speakers covering the full spectrum of issues affecting the tire industry will present over the two-day period.
    Since 1987, SmarTire has pioneered the research and development of tire monitoring technology and advocated that tire monitoring will become the next major breakthrough in vehicle safety following airbags and anti-lock brakes. With the new U.S. Transportation Recall Enhancement Accountability and Documentation (TREAD) Act, improved tire safety standards will require tire pressure warning systems on all new passenger cars and light trucks after 2003.
    SmarTire develops and markets technically advanced tire monitoring systems for all sectors of the automotive and transportation industries. Additional information can be found at www.smartire.com.
    This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, the anticipated demand for tire monitoring technology, sales of SmarTire's products and technology to original equipment manufacturers, the size of the market, the impact and scope of the new United States legislation, and the technical uncertainty of future products. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include general factors such as insufficient investor interest in the Company's securities, the impact of competitive products and pricing and general economic conditions as they affect the Company's customers, and specific risks such as the uncertainty of the requirements demanded and timing specified by U.S. government, reliance on third party manufacturers to product SmarTire products and technology, and, the Company's ability to source product components in timely manner. Readers should also refer to the risk disclosures outlined in the Company's annual report of Form 10-KSB for the last completed fiscal year filed with the SEC.