TORONTO, Feb. 22, 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 leading North American coffee production and distribution
provider. Under the terms of the contract, BSM will provide the client
351 Sentinel FM units and will provide on-going service for three
years. Hardware revenues will be recognized immediately in Q1 2013 and
recurring service revenues will be recognized over the course of the
"Our proven ability to reduce fleet operating costs was instrumental in
securing this agreement," said Aly Rahemtulla, President and CEO. "We
remain focused on developing and delivering best-in-class mobile
workforce management solutions to large enterprise clients."
The Sentinel hardware being installed is the new SFM 3000 model, a lower
cost hardware module that supports BSM's core Sentinel solution. The
SFM 3000 is a weather-resistant unit that enables clients to monitor a
mixed fleet of both mobile and fixed assets of all sizes, including
everything from generators to mowers, from one unified platform.
Clients can access their assets from virtually anywhere
around-the-clock in order to capture complex vehicle data and driver
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. 278
(416) 815-0700 ext. 289