SmarTire Introduces High Pressure Tire Monitoring Systems to European Market
Products for buses, recreational and commercial vehicles launched at Automechanika
RICHMOND, BC, Sept. 13 -- SmarTire Systems Inc. (OTCBB: SMTR) announced today the European availability of its tire pressure monitoring system (TPMS) for high pressure tires. These high pressure systems are designed for use by buses, recreational and commercial vehicles. Maintaining proper tire inflation on large vehicles is important to maximizing fuel economy, tire life and the safety of the driver and cargo.
The high pressure products are being launched at Automechanika held in Frankfurt, Germany, September 14 - 19th. Automechanika is recognized as the most popular international trade fair for the automotive aftermarket and original equipment market with 70% of its 4,000 exhibitors and 40% of the expected 150,000 visitors originating from other countries.
John Taylor-Wilson, VP Sales & Marketing, SmarTire Systems Inc. said: "The impact of TPMS on large vehicles translates into solid and demonstrable cost savings and benefits to the owners and operators of these vehicles. Combined with the safety aspect of our products, these benefits have already generated considerable market interest in TPMS. SmarTire for high pressure tires such as buses, recreational and commercial vehicle applications will be aggressively introduced in the respective European markets.
About SmarTire Systems
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.
An investment profile about SmarTire Systems 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 Judy Leclercq, SmarTire at (800) 982-2001 email: investor_relations@smartire.com or Frank Hawkins or Julie Marshall, Hawk Associates at (305) 852-2383, email: info@hawkassociates.com.
>