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 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 exercised.
“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
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.
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