TORONTO, Sept. 24, 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 North America's largest transportation network, the
Metropolitan Transportation Authority (MTA).
Under the terms of the agreement, BSM will equip the MTA's Long Island
Rail Road (LIRR), Metro-North Railroad (MNR) and Bridges & Tunnels
(B&T) vehicles with up to 1420 Sentinel FM units and provide five years
of service, with an option to extend the service for an additional five
years. The contract is valued at up to $4.2 million if all options are
"This contract further strengthens BSM's leading position in the rail
market," said Aly Rahemtulla, President and CEO of BSM Technologies.
"Our proven track record of working with Class I railroads is
translating into wins with other large rail customers. We are
leveraging our experience with these top tier referral accounts to
continue our sales momentum in the sector."
The units being installed are the SFM 7000 model. The SFM 7000 is an
advanced platform designed for the telematics needs of large enterprise
clients by enabling a high degree of customization and unique data
capture. The module interfaces with the Sentinel FM real-time,
web-based fleet and mobile workforce management solution.
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.