SmarTire to Provide Tire Pressure Monitoring Systems to Spartan Motors
November 14 2006 - 10:56AM
PR Newswire (US)
RICHMOND, British Columbia, Nov. 14 /PRNewswire-FirstCall/ --
SmarTire Systems Inc. (OTC:SMTR) (BULLETIN BOARD: SMTR) announced
that Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc.
(NASDAQ:SPAR), now offers SmarTire's tire pressure monitoring
systems (TPMS) as options for its fire truck and motorhome
customers. Spartan currently has 36 models riding on its custom
chassis and supplies 100% of the custom motorhome chassis for
Newmar, Travel Supreme and the American Division of Fleetwood.
Spartan also manufactures fire truck chassis and features
SmarTire's products in its catalogue. SmarTire President and Chief
Executive Officer Dave Warkentin said, "We are pleased that Spartan
has selected our SmartWave(TM) wireless sensing system to fulfill
their TPMS requirements. Spartan's decision supports our market
research that owners of recreational vehicles, fire trucks,
ambulance and emergency-rescue vehicles are beginning to demand
TPMS." The SmartWave TPMS improves vehicle safety and reduces fleet
fuel and tire costs by providing drivers real-time tire information
while their vehicles are in motion. At a push of a button, the
SmarTire system displays each tire's temperature and pressure
deviation. If the system detects a loss of air pressure or
abnormally high tire temperature, a bright warning light
automatically alerts the driver to the condition. About Spartan
Motors Spartan Motors, Inc. designs, engineers and manufactures
custom chassis and vehicles for the recreational vehicle, fire
truck, ambulance and emergency-rescue markets. The company's brand
names - Spartan(R), Crimson Fire(R) and Road Rescue(R) - are known
in their market niches for quality, innovation, value and service.
Spartan Motors employs more than 750 at facilities in Michigan,
South Dakota, Alabama, Minnesota and South Carolina and is publicly
traded on the Nasdaq. For more information, visit
http://www.spartanmotors.com/. About SmarTire Systems Inc. SmarTire
develops and markets proprietary advanced wireless sensing and
control systems worldwide under the SmartWave(TM) trademark. The
company has developed numerous patent-protected wireless
technologies and advanced tire monitoring solutions since it was
founded in 1987. The company's proprietary SmartWave platform
provides a foundation for the addition of multiple wireless sensing
and control applications. The initial product release on the
SmartWave platform is SmartWave TPMS, which leverages on the
company's background and knowledge in tire monitoring solutions.
SmarTire has offices in North America and Europe. For more
information about SmarTire Systems Inc., visit
http://www.smartire.com/. A comprehensive investment profile
regarding SmarTire Systems Inc. may be found at
http://www.hawkassociates.com/smtrprofile.aspx. An investment
profile, a comprehensive online investor relations kit, SEC filings
and other useful information regarding SmarTire Systems Inc. can be
found at http://www.hawkassociates.com/smartire.aspx and
http://www.americanmicrocaps.com/. In addition, this press release
is available for investor commentary, questions, near real-time
answers and monitored discussion in the SmarTire IR HUB at
http://www.agoracom.com/IR/SmarTire. Alternatively, investors may
speak with Ken AuYeung or Frank Hawkins of Hawk Associates at (305)
451-1888, e-mail: , or e-mail . Except for historical information
contained herein, the matters discussed in this news release
contain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, that involve
substantial risks and uncertainties. When used in this news
release, the words "expects," "may," "will" and similar expressions
identify certain of such forward-looking statements. Actual
results, performance, or achievements could differ materially from
those contemplated, expressed or implied by the forward- looking
statements contained herein. These forward-looking statements are
based largely on the expectations of SmarTire and are subject to a
number of risks and uncertainties that are subject to change based
on factors, which are, in many instances, beyond SmarTire's
control. These include, but are not limited to, risks and
uncertainties associated with SmarTire's ability to obtain
additional financing, SmarTire's dependence on key personnel, the
effects of competitive pricing, SmarTire's dependence on the
ability of third- party manufacturers to produce components on a
basis that is cost-effective to SmarTire, market acceptance of
SmarTire's products, SmarTire's ability to keep up with
technological advances in the industry, the effect of competitive
products and the effects of governmental regulations. SmarTire
cautions that the foregoing factors are not exhaustive. For a
detailed discussion of these and other risk factors, please refer
to SmarTire's filings with the Securities and Exchange Commission,
including its annual report on Form 10-KSB and subsequent quarterly
reports on Form 10-QSB. SmarTire expressly disclaims any intent or
obligation to update any forward-looking statements. DATASOURCE:
SmarTire Systems Inc. CONTACT: Ken AuYeung or Frank Hawkins of Hawk
Associates, +1-305-451-1888, or , or , for SmarTire Systems Inc.
Web site: http://www.smartire.com/ http://www.spartanmotors.com/
http://hawkassociates.com/smtrprofile.aspx
http://www.hawkassociates.com/smartire.aspx
http://www.americanmicrocaps.com/
http://www.agoracom.com/IR/SmarTire
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