TORONTO, Feb. 6, 2013 /CNW/ - BSM Technologies Inc. ("BSM" or the
"Company") (TSX-V: GPS), a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, today announced that it has
been awarded a contract to provide its Sentinel FM asset tracking
solution to a major Canadian utility company. Under the terms of the
agreement BSM will equip 1,289 Sentinel FM units and will provide three
years of service with an option to renew for a further two-year period.
The total value of the contract is approximately $3M of which $1.1M
will be recognized immediately in Q1 2013.
"This is a significant contract for us both in terms of financial value
and client profile," said Aly Rahemtulla, President and CEO. "With this
win we continue to demonstrate that our robust product offering can
meet the demands of large enterprise clients in rigorous industries."
The units being installed are the new SFM 7000 model, with single and
dual-mode capabilities. The SFM 7000 is a highly customizable advanced
module with unique data capture capabilities designed for the
telematics needs of large enterprise clients. BSM designs all of its
hardware and software in-house in order to ensure the highest standards
About BSM Technologies (bsmwireless.com)
BSM Technologies, through its subsidiary BSM Wireless Inc., is a leading
provider of remote monitoring, fleet tracking, fleet maintenance, and business intelligent engine providing real time, web‐based tracking of mobile and fixed assets. BSM provides solutions for commercial,
government, and law enforcement organizations who manage and operate
diverse assets and large fleets, and who seek to enhance customer
service, improve the safety of their drivers and vehicles, and lower business costs.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts 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.
For more information, please visit http://www.bsmwireless.com
SOURCE: BSM Technologies Inc.