BSM Technologies awarded contract with Bell Canada
Nov 05, 2013, 07:00 ET
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 10,300."
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 contract.
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.
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