TORONTO, Aug. 8, 2012 /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 major U.S.-based railroad. The initial
contract is for five years with an option to renew for a further
This is BSM's third contract with a North American railroad and the
Company is currently testing its solutions with several operators.
BSM's equipment is now installed on thousands of high-rail maintenance
vehicles and other assets at locations in Canada and the United States.
"We are very pleased with this significant win which will provide
material incremental revenue and contribution for both the near and
long term," said Aly Rahemtulla, President and CEO. "BSM is now the
leading fleet management solution provider to the railroad industry,
and our clients have seen a significant return on investment,
specifically in reducing fuel consumption, improving asset utilization
From one unified web-based platform, the Sentinel FM solution features real-time asset monitoring for fuel efficiency,
compliance, safety and asset utilization for a wide variety of vehicles
and equipment - from cranes to high-rail trucks. Mixed fleets are a
typical attribute of the railroad industry and today BSM clients are
monitoring over 35 different types of vehicles and assets.
"BSM is a true end-to-end solution provider, offering flexible hardware
and software solutions unmatched by others," added Mr. Rahemtulla.
"This gives us a unique advantage in meeting the needs of railroad
industry and large enterprise clients. We are continuing to work to
roll-out our solution to railroads across North America and beyond."
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.