Gallagher Lambert will team up with Kolombo in a joint business
development program aimed at quickly obtaining the backing of major
players in the insurance and commercial trucking industries
QUEBEC, Nov. 7 /CNW Telbec/ - Mr. Fouad Choucair, Chairman of the Board
of Kolombo Technologies Ltd., "Kolombo" (TSX-V: KOL), is pleased to announce
that Kolombo and Gallagher Lambert Group have established a strategic
alliance. Gallagher Lambert is the Canadian subsidiary of the well-known
international Arthur J. Gallagher Risk Management Services Inc Group.
Worldwide, the Arthur J. Gallagher group, directly or via strategic
partnerships, is present in more than 100 countries. In Canada, the company
serves clients through eight offices located across the country.
"This alliance with the Gallagher Lambert Group provides substantial new
leverage for our business development efforts. Not only has our technology
impressed Gallagher Lambert, but they are also assisting us in educating major
trucking companies, cargo owners and the insurance company sector as to how
the Kolombo system works. In addition, Gallagher Lambert will initiate
meetings with leading players in the Canadian commercial trucking industry at
which Kolombo can directly showcase the numerous advantages that its
technology offers this business sector," said Mr. Choucair.
"The Kolombo technology indicates , through its new IPS standard, several
innovative components which meet major, presently underserved needs,
especially in the transportation industry. Indeed, Kolombo's systems could
significantly contribute towards reducing losses associated with merchandise
and rolling stock theft in the transportation industry which, to the best of
our knowledge, no other technology currently on the market is capable of
doing. We believe the Kolombo technology offers a winning solution for all
stakeholders, whether they are truck fleet owners and managers, or insurers.
Therefore, we are very happy to work with Kolombo to support a solution that
represents genuine technological progress," said Mr. Roger Paquin, President
and Managing Director of the Gallagher Lambert Group, Quebec.
A distinctive solution
With the launch of its new, exclusive IPS standard, Kolombo has clearly
set itself apart from competing security and management systems marketed to
the trucking industry. Furthermore Kolombo states its technology ensures the
complete Integrity of merchandise from departure to delivery; it enhances
operational Performance for truck fleet owners and managers; and it includes
an advanced Security system.
"For Kolombo, this strategic alliance with the Gallagher Lambert Group is
a significant and very promising achievement that should enable the Company to
quickly break into new markets. The support and extensive market presence of
an ally of this calibre will greatly assist us in rapidly gaining the
recognition and backing of large insurers for our technology," added
About Gallagher Lambert Group (www.llgca.com)
Gallagher Lambert Group is part of Arthur J. Gallagher Risk Management
Services, Inc., one of the largest commercial brokers in the world. They
deliver a full range of insurance and risk management products and services,
including traditional and loss-sensitive coverages, captives, alternative risk
solutions and financial products. They have eight offices in Canada to provide
local service and knowledge and a global network of strategic partners in more
than 100 countries.
About Kolombo (www.systemekolombo.com)
Kolombo was founded in Quebec City in 2000 and is listed on the TSX
Venture Exchange (TSX-V: KOL). The Company is focusing its activities on the
research, technological development and commercialization of vehicle
management, protection and anti-theft systems, in particular for heavy
machinery, trailers and commercial merchandise.
Distribution of Kolombo's products is ensured by Detroit Diesel Allison
Canada East, a major distributor of engines and transmissions for trucks and
heavy machinery and a member of the Wheeltime network, which has 225 branches
in North America (www.ddace.com). Installation of Kolombo's products is
provided by Ajilon, a subsidiary of Adecco, a world leader in the
communications and project management industry with 6,600 offices in
70 countries. Local or international land transport, industrial complexes and
widespread work sites, all present security challenges for their managers.
Kolombo's technological platform offers these various clienteles both
reliability and flexibility with made-to-measure solutions for specific
For further information on Kolombo Technologies Ltd, please consult the
Company's website www.systemekolombo.com.
(*) The TSX Venture Exchange does not approve nor accept responsibility
for the adequacy or accuracy of this press release.
For further information:
For further information: Mr. Fouad Choucair, Chairman of the Board and
Chief Financial Officer, Kolombo Technologies Ltd., (514) 992-8561,
firstname.lastname@example.org; Frédéric Bérard, HKDP Communications and
Public Affairs, (514) 395-0375, ext. 230, email@example.com; Source: Kolombo