SmarTire Installed on Monorail in Las Vegas

Bombardier Chooses SmarTire TPMS for High Profile Monorail System

RICHMOND, BC, April 2, 2004; SmarTire Systems Inc. (OTCBB: SMTR) today announced that its tire pressure monitoring system (TPMS) has been installed on the Las Vegas monorail. The SmarTire system was chosen and installed by Bombardier Transportation, the global leader in the rail equipment, manufacturing and servicing industry. Bombardier is providing all the mechanical and electrical systems for the fully automated monorail system.

The Las Vegas monorail is a driverless, state-of-the-art urban public transportation system that will operate on a route approximately 4 miles long on the east side of the famous Las Vegas Strip. It will directly connect to 8 major resorts, over 24,700 hotel rooms, and 9 convention facilities, including the world's largest convention center.

With a driverless system such as the Las Vegas monorail, it is critical for the operator in the control room to know exactly what is happening with all of the systems on the train. SmarTire's TPMS provides an accurate, reliable and timely tire system alert when pressure irregularities are detected. This information enables an operator to initiate corrective measures.

"We are extremely pleased to have been selected by Bombardier to provide tire pressure monitoring systems for this high profile and innovative monorail project," says Robert Rudman, President and CEO of SmarTire. "SmarTire is always looking at new markets for its technology and the tire-based monorails and people movers that Bombardier builds are an ideal match."

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.