RICHMOND, British Columbia (Oct. 26, 2005) — SmarTire Systems Inc. has signed a contract with Dana's Commercial Vehicle Systems group to market and sell SmarTire's tire pressure and temperature monitoring systems to the commercial truck, bus and recreational vehicle markets.
SmarTire said Dana will market and sell its tire monitoring systems to original equipment manufacturer customers in North America, Mexico, Australia and New Zealand under the contract. The companies will collaborate on marketing opportunities, the Richmond-based company said.
“Aligning with a strong Tier 1 supplier of Dana's caliber is the central building block in our corporate strategy for succeeding in the commercial vehicle market,” said Al Kozak, president and CEO of SmarTire. “The interest and demand for tire monitoring systems for commercial vehicles is strong and growing.”