An agreement is reached by the insurance company Lombard Canada,
Lussier Insurance Firm and Kolombo's Canadian distributor, Detroit
MONTREAL, April 26 /CNW Telbec/ - Kolombo Technologies Ltd ("Kolombo" or
the "Company") (TSXV: KOL) is pleased to announce that members of the
Association nationale des camionneurs artisans (ANCAI) can now benefit from
significant insurance premium discounts by using Kolombo's protection systems.
This advantageous offer for members of ANCAI, an association which brings
together vehicle fleets with a total of 10,000 units among them, follows an
agreement reached with the insurance company Lombard Canada, Lussier Insurance
Firm and Financial Service, as well as Kolombo's exclusive Canadian
distributor, Detroit Diesel-Allison Canada East.
As part of this agreement, equipment protected by Kolombo's systems will
benefit from the following advantages:
- No deductibe in case of theft;
- Five year new replacement value on heavy equipment (entrepreneur
- A discount of up to 15% on premiums for heavy machinery and up to 25%
for vehicles (applicable section of the automobile policie).
In addition, a 10 % rebate will be offered to ANCAI members on the
purchase price of all Kolombo Technologies' systems.
"We are very pleased that our members can benefit from the advantages of
such an agreement. Kolombo's systems are the only systems on the market that,
at the same time, provide protection for the tractor, trailer and merchandise.
With this technology, our members can have peace of mind about the security of
their equipment and the merchandise entrusted to them to deliver. They can
also take advantage of major reductions on insurance costs. We are always on
the lookout for new initiatives and innovations that can help our members in
their work and Kolombo's systems clearly achieve this objective," said
Mr. Clément Bélanger, President of ANCAI.
"We are very proud that our systems are available to ANCAI's members on
such favorable terms. For us, this is a great vote of confidence in our
technology. For Kolombo, this agreement also offers major commercial potential
since ANCAI brings together vehicle fleets totalling 10,000 units. This
agreement could also provide the Company with leverage to make other
significant commercial breakthroughs elsewhere in Canada in the near future,"
said Mr. Martin Arsenault, President and Chief Executive Officer of Kolombo.
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 (www.ajiloncom.com).
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, Chairmand of the Board of
Directors and Chief Financial Officer, (514) 992-8561,
firstname.lastname@example.org; Frédéric Bérard, HKDP Communications and
Public Affairs, (514) 395-0375, ext. 230, email@example.com