posted
Tire sensors required on '08 vehicles Vehicle-safety add-on will monitor inflation, warn of pressure drop
Associated Press Apr. 8, 2005 12:00 AM
WASHINGTON - A light on instrument panels soon will warn motorists when a tire is underinflated. The safety regulation, issued by the government Thursday, has its roots in the Firestone tire recall of 2000. It requires new passenger cars by the 2008 model year to have systems to monitor tire pressure.
Automakers most likely will attach tiny sensors to each wheel that will signal if a tire falls 25 percent below the recommended inflation. If any of the four tires is underinflated, the sensor sets off a light.
Automakers will begin using the technology in September. The National Highway Traffic Safety Administration estimates the upgrade will cost manufacturers $48.44 to $69.89 per vehicle.
The government said underinflated tires affect a vehicle's fuel economy and can increase stopping distances, contribute to the likelihood of tire failure and lead to skidding on wet surfaces. One agency survey said 30 percent of cars and light trucks have at least one tire underinflated by 8 pounds per square inch or more.
The regulation affects passenger cars, sport utility vehicles, pickup trucks and minivans. All four-wheel vehicles weighing 10,000 pounds or less must be equipped by the 2008 model year, the government said.
The safety agency estimates that 120 lives a year will be saved when all new vehicles are equipped.
posted
I was interested until I saw this on anuthah' board. Still a cool product and one to keep an eye on....but dilution coming =(
By: pageranks 08 Apr 2005, 01:44 AM EDT Msg. 3264 of 3272 Jump to msg. # did anyone here read the last 8-K/A (4/1/2005)?? they're saying they will issue 400,000,000 shares in the next 2 weeks?? (30 days from March 22)
400,000,000 shares for $4,000,000. a penny a share!
that will bring the OS close to 700,000,000 shares?
"In addition, on March 22, 2005 we entered into a Registration Rights Agreement with the investor under which we have agreed to file a registration statement within 30 days after the closing date for the purpose of registering 400,000,000 shares of common stock issuable upon the conversion of the Preferred Stock"
Posts: 829 | From: people's republic of cambridge | Registered: Jun 2004
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posted
SMTR - got a nice write-up in this months Cycle World magazine (pg 130). Here's a great link to some other great write ups. Read the one from the BMWON (BMW Owners group). Seriously cool. I really hope that some SMART marketing folks at SMTR get their act together and cut some kind of OEM deal. BMW bikes (and their clientel) are the PERFECT candidates to have this BUILT IN to their machines.
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SmarTire Confirms NHTSA Final Rule Requiring Tire Monitoring Systems Light vehicle tire monitoring legislation driving interest in other vehicle markets 4/11/2005 9:30:29 AM
RICHMOND, BC, April 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- SmarTire Systems Inc. (SMTR) reported today that the National Highway Traffic Safety Administration (NHTSA) has issued its final rule requiring all new passenger cars and light vehicles being manufactured for sale in the USA to be equipped with tire pressure monitoring systems (TPMS) by September 2007. The more stringent requirements of NHTSA's final rule can currently only be fulfilled by direct measurement systems such as the kind developed by SmarTire.
"We are very pleased that the uncertainty surrounding TPMS legislation has been resolved and the rule is finally in place," says Robert Rudman, President and CEO of SmarTire. "SmarTire has invested considerable technical and financial resources in the development of direct measurement systems and the public deserves this higher standard of performance and reliability. This legislation has also driven interest in other vehicle markets such as trucks, buses, recreational vehicles and motorcycles and we anticipate this legislation will expand to cover these vehicles in the future. SmarTire's advanced direct measurement TPMS products have been chosen by some of the world's most prestigious manufacturers including Aston Martin in the automotive sector, New Flyer and MCI in the bus sector, and Monaco, Country Coach and Western RV in the recreational vehicle sector."
In November 2000, a U.S. federal transportation law was enacted to prevent the re-occurrence of automotive tragedies as experienced with Firestone equipped Ford sport utility vehicles. The Transportation, Recall, Enhancement, Accountability, and Documentation (TREAD) Act empowered NHTSA to improve vehicle safety through various initiatives including one regulation that requires the installation of low pressure warning systems in new vehicles to indicate when tires are significantly under-inflated.
About SmarTire Systems Inc.
SmarTire develops and markets proprietary advanced tire pressure monitoring and technology systems for the global automotive and transportation industries. The U.S. Government, through the TREAD Act, has legislated that all new passenger vehicles must be equipped with tire monitoring systems beginning with a phased implementation in 2006. SmarTire is capitalizing on the rapidly emerging OEM and aftermarket opportunities. The company's vision is to become the preeminent provider of wireless sensing and control systems for vehicles worldwide. Incorporated in 1987, SmarTire has offices in North America and Europe.
Additional information about SmarTire Systems can be found on the website www.smartire.com. An online investor kit containing SmarTire press releases, SEC filings, current price Level II quotes, interactive Java, stock charts and other useful information for investors can be found at www.hawkassociates.com and www.hawkmicrocaps.com. Investors may contact Randy Halischuk, or Judy Leclercq, SmarTire at (800) 982-2001 email: investor_relations@smartire.com or Frank Hawkins or Julie Marshall, Hawk Associates at (305) 852-2383, email: info@hawkassociates.com.
SOURCE SmarTire Systems Inc. Randy Halischuk, Judy Leclercq, 1-800-982-2001, Email: investor_relations@smartire.com; or Hawk Associates at (305) 852-2383, Email: info@hawkassociates.com .
Posts: 320 | Registered: Feb 2005
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posted
400M shares dilution will have a dilution effect as lot of selling will be there..it is safe to buy below 4 when the selling is done.
Posts: 714 | From: Boston, MA USA | Registered: Aug 2004
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