TORONTO, Nov. 5, 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 4,000 Sentinel FM units to Bell
Canada for use across its mobile fleet.
"Bell Canada has been a longstanding customer of AutoVision Wireless,
whom we acquired this past quarter," said Aly Rahemtulla, President and
CEO of BSM Technologies. "This contract builds on that relationship and
brings the total vehicles under contract with Bell Canada to more than
BSM currently provides telematics services to more than 8,300 Bell
Canada vehicles. The order for the additional units will represent
2,000 new installations and 2,000 installations to upgrade existing
hardware. The order is part of an initiative by Bell to transition its
fleet management systems onto the Sentinel platform. Hardware revenues
are expected to be recognized in the Company's current fiscal quarter,
and recurring service revenues will be recognized over the course of
The Sentinel Fleet Management solution's advanced telematics
capabilities provide real-time visibility into the location and use of
mobile assets. The product's entirely web-based interface provides
clients with advanced fleet management tools that allow them to improve
the efficiency, safety and workflows of their mobile fleets.
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.
For further information:
President & CEO
BSM Technologies Inc.
(416) 815-0700 ext. 289
(416) 815-0700 ext. 278