RICHMOND, British Columbia (Oct. 17, 2002) — Pirelli S.p.A. has agreed to sell a version of SmarTire Systems' tire pressure/temperature monitoring system to aftermarket customers in Europe starting later this year. Pirelli's version, which can be used on car, truck and motorcycle tires, will be called "X-Pressure."
Francesco Gori, managing director of Pirelli's tire sector, said the agreement is a key step in Pirelli's "strategy to develop a tire able to actively interact with the vehicle system.
"The data gathered by X-Pressure on the status of the air pressure inside the tire will ensure the control at any time of the tire's functionality, which will greatly increase safety and performance," Mr. Gori said in a prepared statement. "Today, a new phase begins in the evolution of Pirelli tires which will see the tire increasingly integrated into and able to dialogue with the other vehicle management and control systems."
For SmarTire, the agreement will allow it to capitalize on the tire industry's push to develop and market "intelligent tires," said Robert Rudman, president and CEO.
The systems will go on sale by the end of 2002 through Pirelli's tire distribution channels in Germany, Italy, Spain and Switzerland, and the United Kingdom. All X-Pressure systems will be tested and certified independently by Pirelli, according to Richmond-based SmarTire.