Has been on a steady rise for the last week and is making a move for the 200 day MA. Volume is on the rise and the 10 day avg sitting just over the 3 month avg - 1.794M over 1.762M. Stats are not too pretty (Float, insider and institutional holding), but probably not the only penny guilty of this.
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RICHMOND, BC, Feb. 28 /PRNewswire-FirstCall/ - SmarTire Systems Inc. (OTCBB: SMTR - News) announced today that it has signed a letter agreement with Motor Coach Industries International (MCI) to purchase SmarTire's monitoring systems. MCI is the leading designer, manufacturer and marketer of intercity coaches and coach-related parts and services for the North American market. ADVERTISEMENT
The agreement covers both aftermarket installations on existing MCI coaches and original equipment installations on at least one of MCI's production lines in 2005. The agreement also includes the development of a cooperative joint marketing program between the two companies. MCI currently produces approximately 1400 new coaches per year and services tens of thousands of existing coaches on the road today.
"MCI has built a long standing reputation for being the first to market with innovative technology," says Erwin Bartz, VP of Business Development at SmarTire. "By implementing SmarTire's active tire monitoring systems, MCI has once again taken the lead in utilizing advanced technology to improve both the safety and reliability of their coaches. MCI service centers all across North America are well positioned to be leading providers of tire monitoring systems to the coaches they service and support nationwide.
The SmarTire for Buses system provides real-time tire pressure and temperature monitoring and gives the driver an early warning of a tire related problem. The SmarTire system can be installed as standard equipment on new buses or retrofitted to existing buses.
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RICHMOND, BC, March 15 /PRNewswire-FirstCall/ - SmarTire Systems Inc. (OTCBB: SMTR - News) announced today that it has signed an agreement with Travel Technology Innovations, LLC (TTI) to distribute SmarTire's active tire monitoring systems. TTI is a newly formed joint venture between Detroit Chassis LLC and Redmer Industries that was created solely to market and sell SmarTire products. It is headquartered in Detroit, Michigan. Both companies bring an extensive and successful track record of supplying original equipment and aftermarket parts and services to the automotive, recreational vehicle and transportation industries. ADVERTISEMENT
The agreement includes the distribution, sales, and marketing of SmarTire's products for the automotive, bus, recreational and commercial vehicle industries. TTI plans to rapidly introduce SmarTire products to both their original equipment and aftermarket target customers. This agreement supersedes and expands upon the distribution agreement with Redmer Industries previously announced on October 18, 2004.
"We are very excited to take this important step with SmarTire," says Carlton Guthrie, CEO of Travel Technology Innovations. "SmarTire's active tire monitoring technology is the most advanced and proven in the market and will make a significant improvement to both the safety and performance of vehicles across the entire automotive, RV and transportation industries."
"Securing the combined experience, resources and track record of Detroit Chassis and Redmer Industries in this new venture provides channels to market for many of SmarTire's products," says Al Kozak, Chief Operating Officer at SmarTire. "Their combined customer base and excellent reputation will greatly assist in introducing SmarTire's products in a number of important markets. TTI plans to deploy substantial resources to this new venture and we are looking forward to a long and prosperous relationship with them."
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quote:Originally posted by BABBLEDGAB: LOOKS TO BE AN AFTERNOON BOUNCE PLAY
What make you think so. Reading the latest filing still leaves me to believe this uptrend will continue, but not sure I see anything indicating a bounce. The pop we saw Wed might be all we get for a little while.
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