SmarTire Supplies TPMS for Tecstar Innovation's Hummer H2 Program
Tecstar to offer TPMS as accessory option package to H2 buyers
OTCBB: SMTR
RICHMOND, BC, Nov. 4 -- SmarTire Systems Inc. (OTCBB: SMTR) announced today that it is supplying its tire pressure monitoring system (TPMS) to Tecstar Innovations in support of its Hummer H2 accessory program. Tecstar designs, engineers and manufactures special automotive and light duty truck parts and accessory programs to the aftermarket and OEMs. The SmarTire equipped Hummer H2 is being showcased at Tecstar's booth ( No. 11370) at the 2003 Specialty Equipment Market Association (SEMA) Show in Las Vegas, Nov. 4-7th.
Tecstar is packaging SmarTire's TPMS with GPS and rear collision avoidance technology and will market this accessory package to Hummer H2 buyers. Tire data and other information is displayed via a custom overhead console.
"TPMS is an important safety and performance feature for high-end SUVs such as the Hummer H2," says Jeff Beitzel, President of Tecstar. "The Hummer H2 is the most accessorized SUV in the world and we expect this accessory package to appeal to many buyers of this popular vehicle. Just about the only thing that can stop an H2 is a flat tire and SmarTire's TPMS will give the driver critical tire related information while the vehicle is in motion."
"Tecstar is a leading provider of aftermarket parts and accessories for several SUV platforms and we are very pleased to have our technology selected for their high profile Hummer H2 program," says Robert Rudman, President and CEO of SmarTire. "With more than 40,000 H2s being manufactured for 2003, we are confident that the purchasers of this popular vehicle will be very interested in the latest safety and performance innovations."
Tecstar Innovations was established in 2002 as a subsidiary of the joint venture of Tecstar and Starcraft Automotive Group to design, engineer and manufacture special automotive and light duty truck parts and accessory programs and styling kits to market independently, to the aftermarket or in conjunction with OEMs. Additional information can be found at www.tecstarinc.com.
SmarTire Systems Inc. develops and markets proprietary tire monitoring systems for the transportation industry worldwide. Incorporated in 1987, SmarTire is a public company with offices in North America and Europe. Additional information can be found at www.smartire.com.
Al Kozak Al Kozak Chief Operating Officer SAFE HARBOR STATEMENT
Statements in this press release which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this press release include that the accessory package including tire monitoring will appeal to many Hummer H2 buyers, that TPMS will give the driver critical tire related information while the vehicle is in motion, that more than 40,000 H2s are being manufactured for 2003 and that purchasers of H2s will be interested in the latest safety and performance innovations. It is important to note that actual outcomes and our actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ include the impact of competitive products and pricing and general economic conditions as they affect Hummer H2 potential customers, market acceptance of our technologies and products, and our products' performance and reliability under difficult or extreme driving conditions. 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.
Email: investor_relations@smartire.com Contact: Judy Leclercq 1.800.982.2001