CORPORATE OVERVIEW
SmarTire develops and markets advanced tire pressure monitoring technology systems (TPMS) for the global automotive and transportation industries. SmarTire’s TPMS systems meet the demand for improved vehicle safety, performance, reliability and fuel efficiency.
Since 1987, SmarTire has pioneered the research and development of tire monitoring technology. With offices in North America and Europe, the Company is well positioned to be a global supplier of tire monitoring solutions for the light vehicle (passenger cars, sport utility vehicles, minivans and light trucks), motorcycle, and the commercial, industrial and recreational vehicle markets.
The U.S. Government, through the TREAD Act, has legislated that all new vehicles must be equipped with tire monitoring systems, beginning with a phased implementation in 2003. This Act and subsequent regulation written by the National Highway Traffic Safety Administration has created a multi-billion dollar opportunity in the tire monitoring industry.
While initially focused at light vehicle market, it is anticipated that the TREAD Act will be expanded to include motorcycles, commercial, industrial and recreational vehicles. The European and Asian markets are also watching this legislation and are expected to implement their own regulations regarding tire monitoring.
SmarTire is capitalizing on emerging OEM and aftermarket opportunities in the tire monitoring industry and positioning itself as a leading supplier of TPMS solutions for a number of important markets.
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