BSM Technologies awarded $1.1 MM contract to monitor major U.S. service fleet




BSM Technologies awarded $1.1 MM contract to monitor major U.S. service fleet

Woodbridge ON, March 9 , 2011 – 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 service fleet.  For the initial implementation, valued at more than CDN$1.1 million over a three-year period, BSM equipment will be installed on approximately 850 vehicles.

“This is one of the largest single orders we’ve ever received, and it represents an important milestone in our strategy to expand our presence in the U.S. market,” said Aly Rahemtulla, President and CEO of BSM. “The initial pilot project covers 15 percent of the customer’s fleet. We believe they will consider additional installations once we demonstrate the benefits our solution can offer. BSM’s major value was our ability to adapt our technology to their business requirements, providing them a unique solution that enhances their ability to service their customers.”

Sentinel FM is a robust asset tracking platform for real-time fleet management. Sentinel’s capability to manage a diverse group of mobile assets was a key priority for the customer, which plans to deploy the solution to monitor trucks and multiple types of mobile off-road equipment.  Expected benefits for the customer include improved fleet utilization, reduced maintenance costs, improved fuel management, and enhanced reporting capabilities.

About BSM Technologies

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.

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For more information please contact:

Mr. Aly Rahemtulla
President & CEO
BSM Technologies Inc.

Craig MacPhail
TMX | Equicom
416-815-0700, ext. 290