For Immediate Release – September 19, 2001
Toronto, Ontario - Spectra Inc., (SSA:CDNX) reports that its wholly owned subsidiary, Spectra Products Inc., has received a $60,000.00 grant from the Industrial Research Assistance Program (IRAP) run by the National Research Council Canada. The prime purpose of IRAP is to assist small and medium sized businesses in expanding their technical expertise.
The NRC grant will be used to apply MULTIPLEX and RF WIRELESS DATA TRANSMISSION technologies to Spectra’s Brake Safe ™ and Bendix’s SureStroke ™ visual brake stroke indicator systems. Spectra will develop a system that will display brake stroke and other air brake activity from a truck, bus and or a tethered trailer via a TWO WIRE MULTIPLEX connection or a WIRELESS DATA TRANSMISSION. The air brake system information is to be displayed in the cab of the truck or bus on a LCD display or an LED display module. The system will support transportation industry standard protocols. Trailers can also be equipped with a stand-alone display module that is supported by battery back up to provide the brake stroke status in a non-tethered condition. A data logger will store up to 30 days worth of brake activity that can be retrieved by maintenance staff providing a more efficient means of identifying air brake faults and assisting in reducing the amount of time taken to perform air brake and preventative maintenance inspections.
“This NRC grant is the first step in establishing a extensive R & D program over the next 3-5 years to ensure that Spectra’s existing and future products and technologies meet the emerging needs of the transportation industry,” commented Andrew Malion, Chairman of Spectra Inc..
Spectra Products Inc. has signed a contract with Tri-Vision Electronics Inc. of Toronto for the development of a multiplex two wire and RF Electronic wireless system. The electronic platform will provide Spectra Products Inc. with leading edge technology for monitoring out-of-adjustment brakes as well as providing unprecedented air brake diagnostic capabilities. Tri-Vision (TVL: TSE) is a leader in innovative technologies, system design, development and manufacturing of superior hardware and software products.
Spectra Inc. is a vertically integrated supplier of innovative products and services to the Commercial Transportation Industry and the Professional Trucker. Spectra’s product line increases productivity, reduces maintenance costs and improves fleet safety and includes Brake Safe TM and SureStroke TM, visual brake stroke indicators, and the Termin-8R TM line of anti-corrosion and extreme pressure lubricants. Spectra is positioned with its future ISP portal, Truckinguniverse.com to be a leading supplier of information to the transportation industry on the Information Superhighway.
On behalf of the Board of Directors,
Andrew J. Malion, Chairman, Spectra Inc. www.spectra-ssa.com
Investor Relations: 1-800-308-5255 E-Mail: ssa@spectra-ssa.com
The TSX VENTURE Exchange has neither approved nor disapproved the information contained herein |
