For Immediate Release – October 21, 2002
Toronto, Ontario - Spectra Inc. (SSA:TSX Venture) reports the company achieved a number of milestones relating to its participation at the recent Truck World 2002 Tradeshow in Toronto. Truck World 2002 is Canada’s largest showcase of the latest in trucking products and services. During the Tradeshow, Spectra participated in the inaugural Ontario Trucking Association Maintenance and Technology Conference showcasing the latest technological developments for the trucking industry. Spectra was chosen to demonstrate its unique, innovative, electronic air brake diagnostic system, Brake Inspector TM, designed to reduce maintenance costs and improve fleet safety.
Spectra presented and demonstrated Brake Inspector TM at specified times daily during the Conference. Using a Freightliner truck, Spectra personnel demonstrated hands on the product’s impressive diagnostic features and capabilities, including identifying faulty brake adjustment.
In addition to Brake InspectorTM, Spectra featured its new air brake lock down device designed to immobilize vehicles equipped with air brakes, including trucks, trailers and buses, and conventional, automotive hydraulic brake systems. According to the Federal Bureau of Investigation the combined value of truck, trailer and cargo theft exceeds 12 billion dollars a year in the United States and in Canada that number is approximately 1 billion dollars a year. With the growing number of stolen cargo, vehicles and equipment, Spectra’s anti-theft brake locking system is an inexpensive and viable solution to a serious, industry-wide problem.
“Spectra’s focus at this show was to showcase our Brake Inspector TM electronic, air brake diagnostic system to fleet owners, safety managers and maintenance managers. Industry response was very enthusiastic, including positive feedback from professionals involved in safety, maintenance, driver training, roadside enforcement as well as fleet owners,” stated Andrew Malion, Chairman of Spectra. “With the number of serious inquiries regarding both fleet purchases and distribution opportunities for our Brake Inspector TM and Brake Lock products, it’s safe to say the Truck World 2002 Tradeshow has been the best show for Spectra this year”.
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 SafeTM and SureStroke TM, visual brake stroke indicators, Brake InspectorTM, a new, advanced electronic air brake diagnostic system and the Termin-8R® line of anti-corrosion and extreme pressure lubricants. For more detailed product information, visit Spectra’s web site.
Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Company’s customers. Actual results and developments may therefore differ materially from those described in this release.
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 |
