BSM Technologies awarded contract with major U.S. oil and gas service fleet

Toronto ON – 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 oil and gas service fleet.  For the initial implementation, BSM equipment will be installed on 300 of the approximately 4,000 vehicles the customer operates.

 

“The oil and gas sector has been a major focus for us and we have several installations in Canada,” said Aly Rahemtulla, President and CEO. “This key win by our direct sales force will allow us to expand this expertise into the U.S. and provides a major opportunity for growth.”

 

Sentinel FM is a robust asset tracking platform for real-time fleet management. Sentinel’s capability to manage a diverse group of assets while seamlessly moving between satellite and cellular networks was a key priority for the customer, which operates in remote areas and difficult terrain. Expected benefits for the customer include improved fleet utilization, reduced maintenance costs, improved fuel management, and enhanced reporting capabilities.

 

“The initial installation covers less than eight percent of the customer’s fleet. We believe they will consider additional installations once we demonstrate the benefits our solution can offer,” added Mr. Rahemtulla.

 

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

 

For more information please contact:

Aly Rahemtulla

President & CEO

BSM Technologies Inc.

1–416‐675–1201

arahemtulla@bsmwireless.com

 

Craig MacPhail

TMX | Equicom

1-416-815-0700, ext. 290

cmacphail@equicomgroup.com