News:
NEWS....
Symbol: U/SMTR
27Nov00 Market News Publishing Inc. 2000/11/27 No:0003
SMARTIRE SYSTEMS INC ("SMTR-Q")
- Aston Martin Selects SmarTire for Vanquish V12
Aston Martin has selected SmarTire's innovative wireless tire pressure
monitoring system for its new top-of the-range, flagship model. The V12
Vanquish will go on sale during the second quarter of 2001 and will feature
the SmarTire tire pressure monitoring device as a standard application.
The V12 Vanquish represents the largest ever investment by Aston
Martin in advanced technology and was developed with assistance
from the Ford Research & Vehicle Technology Group and Ford
Research Laboratories. This latest model from Aston Martin
pioneers a series of world firsts in its design and provides
standards of efficiency and safety compatible with a modern
Formula 1 car.
SmarTire technology acts as an early warning system for
pressure-related tire problems. With a tire pressure monitoring
solution, drivers can benefit from improved safety, enhanced
handling and greater peace of mind, while increasing tire life and
reducing fuel consumption.
The SmarTire system uses wireless technology to monitor the tires
using sensors attached to each wheel. The system provides advanced
warning via an integrated display within the instrument cluster on
the V12 Vanquish's interior should a drop in any tire's pressure
occur. A two-stage visual and audible alarm alerts the driver of
any problems.
Aston Martin will hand-build just 300 of the cars each year at its
Newport Pagnell factory in the United Kingdom at a cost of around
200,000 each.
"The wealth and abundance of expertise and technology which is now
available to Aston Martin is reflected throughout this new model,"
said Dr Ulrich Bez, Chief Executive of Aston Martin. "It is all
technology which is targeted and tailored to provide positive
benefits to all our customers."
Ian Bateman, Managing Director of SmarTire Europe said: "We are
delighted to be working with such a progressive company as Aston
Martin, which has put advanced technology at the forefront of its
research and development program. Furthermore, the acknowledgement
by this automotive group is yet another validation that SmarTire
has the technology of choice for sophisticated tire pressure and
temperature monitoring applications."
SmarTire develops and markets the world's most technically
advanced tire monitoring systems for all sectors of automotive and
transport industries. Through a strategic alliance, SmarTire and
TRW Inc are committed to providing superior tire monitoring
systems for both aftermarket and original equipment applications.
The SmarTire system is the only European-approved and commercially
available tire monitoring aftermarket product. Additional
information is available at www.smartire.com
Except for this historical information contained herein, this news
release contains forward looking statements that involve risks and
uncertainties, including the impact of competitive products and
pricing and general economic conditions as they affect the
Company's customers. Actual results and developments may therefore
differ materially from those described in this release.
TEL: (604) 276-9884 SmarTire Systems Inc.
TEL: (800) 982-2001 Charlene Krepiakevich
E-mail: info@smartire.com
Internet: www.smartire.com
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