For Immediate Release – August 01,2006
Spectra and BSM Wireless have developed a remote air brake diagnostic and monitoring solution for the trucking industry
Woodbridge and Toronto, Ontario, CANADA, August 1, 2006 - Spectra Inc. (SSA:TSX-V) (www.spectra-ssa.com) and BSM Technologies Inc. (GPS: TSX-V) (http://www.bsmtechnologies.com) announced today that they have jointly developed a remote air brake diagnostic and monitoring solution for both trucks and trailers.
Brake problems on big trucks and buses can be identified and addressed immediately with this remote monitoring system. This is the number one safety and maintenance concern with operators and regulators throughout North America.
Spectra Inc. has partnered with BSM Wireless to co-develop this remote brake diagnostic monitoring system based on Spectra’s proven brake sensor technology, coupled with the remote monitoring function of BSM Wireless’ cutting edge vehicle tracking and fleet management solutions. This will ensure that brake problems will be reported to maintenance in real time. In addition to monitoring through the Brake Inspector® in-cab display module, the BSM interface will send an email alert in real time to the fleet maintenance department as well as the driver so that the problem can be dealt with immediately.
“The ability to identify a brake problem remotely, anywhere in North America, will allow maintenance personnel to direct the driver to the nearest repair facility and avoid costly roadside fines, reduce vehicle downtime and mitigate potential accidents”, said Spectra CEO Andrew Malion. “We are thrilled to be part of what will be a quantum leap in preventative air brake maintenance procedures”.
“BSM Wireless’ proprietary technologies provide the critical gateway necessary to allow the active real-time monitoring of a vehicle’s braking system, in addition to all the other monitoring services we provide. This capability will allow BSM to again additional revenue from that service”, said Nick Cirella, CEO of BSM Wireless. “The new system will combine the best of both company’s technologies and address a very serious need within the North American trucking industry. Preventative maintenance of air braking systems and mandatory visual brake stroke adjustment checks has long been the norm and soon we will be able to offer the industry the ability to remotely monitor their equipment to ensure their fleets safety and compliance”.
The first implementation of this new system will be for TFX International, a specialized vehicle transporter based in Toronto. Wally Horodnyk, Vice President Maintenance for TFX stated “this monitoring system for brake adjustment gives me tremendous piece of mind. Safety and road worthiness of our fleet is our prime concern. I will be able to monitor the status of my equipment’s braking systems remotely and in real-time. The instant that a problem is detected, we can correct it immediately, anywhere in North America”.
About TFX International
TFX International is a specialized transportation carrier that has been in business since 1988. TFX prides itself that it has remained small enough to be personal, yet large enough to handle the needs of its customers. With an excellent safety record, they have moved all types of vehicles including prototypes, test cars, priceless antiques, formula race cars, show cars, movie vehicles as well as standard family vans, cars, motorcycles and boats. An outstanding reputation for service and accessibility has made them a leader in the industry. Whether you are relocating, organizing a tour, staging a special event, or just heading south for the winter, remember… it’s all about the delivery. Their specially constructed trailers ensure total protection for any vehicle from the elements, stone chips and other dangers related to vehicle transport. The company’s offices are located at 12 Stoffel Drive, Toronto, Ontario. They can be reached by phone at 416-243-8531, by email at Jacqui@tfxinternational.com or through their website at www.tfxinternational.com
About BSM Technologies (GPS:TSX-V) (http://www.bsmtechnologies.com)
BSM Technologies designs, manufactures and markets a comprehensive line of AVSL (Automatic Vehicle Security and Tracking) solutions for Fleet Management, Law Enforcement, and Consumer Vehicle Protection, through its subsidiary BSM Wireless. The BSM line of products range from Fleet Management and Consumer Vehicle Protection offerings to the full featured ''Stinger'' product featured in news media worldwide as the key technology behind the Bait and Covert application used by hundreds of Law Enforcement agencies to deter vehicular, trailer and heavy equipment theft.
Superior functionality, seamless switching between 2 separate footprints, enhanced reliability, advanced security features, and excellent value characterize BSM products. By incorporating advanced wireless locating and mapping technology, and IP-based communications protocols, the BSM line of products provides sophisticated real-time monitoring and control of commercial and personal vehicle assets to meet the demanding needs and stringent requirements of today's mobile environments. BSM's unique end—to-end solutions, features sophisticated wireless hardware, firmware and software all developed by and proprietary to BSM. The BSM product line can be easily adapted and customized to match any customer user requirement while BSM’s in-house support infrastructure assures that all clients receive the premium AVSL solution in the industry to meet their needs.
About Spectra Inc. (SSA:TSX-V) (www.spectra-ssa.com)
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® and SureStrokeTM, visual brake stroke indicators, Brake Inspector®, an advanced electronic air brake diagnostic system and the Termin-8RTM line of anti-corrosion and extreme pressure lubricants. Spectra’s products are gaining increasing Industry recognition and acceptance as demands for enhanced brake safety increase among regulatory authorities and the motoring public.
Company Contact
Mr. Andrew Malion
CEO
1-416-252-2355
ssa@spectra-ssa.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release may include certain "forward-looking statements” that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. The company cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the company's business prospects may be materially different from forward-looking statements made by the company |
