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Updated: 09:16 AM EDT Dana Corporation's Commercial Vehicle Systems Group Signs Marketing and Distribution Agreement With SmarTire
RICHMOND, Canada, Oct. 17 /PRNewswire-FirstCall/ -- SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has signed a contract with Dana's Commercial Vehicle Systems group to market and sell SmarTire's tire pressure and temperature monitoring systems to the commercial truck, bus and RV markets.
Dana is a Tier 1 leader in the design and manufacture of commercial vehicle components for medium- and heavy-duty vehicles. Dana provides a full range of highly engineered products including axles, driveshafts, suspension, wheel-end and tire management products.
Under the contract Dana will market and sell SmarTire's tire monitoring systems to OEM customers throughout North America, Mexico, Australia and New Zealand. The companies will collaborate on marketing opportunities to meet the needs of their global customers and markets.
Al Kozak, President and CEO of SmarTire, said, "Aligning with a strong Tier 1 supplier of Dana's caliber is the central building block in our corporate strategy for succeeding in the commercial vehicle market. The interest and demand for tire monitoring systems for commercial vehicles is strong and growing. Being recognized as one of Dana's trusted partners greatly enhances the company's ability to bring products to market quickly and to provide support for the products in the field. Dana has an incredible reputation in the commercial vehicle market and an established customer base that is second to none in the industry."
Steve Slesinski, Director of Product Management and Systems Marketing for Dana, said, "We are excited about marketing SmarTire's tire pressure monitoring systems. SmarTire's vision of a wireless network for vehicles aligns with our strategy of tire management and advanced system solutions for commercial vehicles. In conjunction with their wireless gateway, we anticipate the development of additional wireless sensing and control applications that will benefit commercial vehicles. This partnership is the culmination of a long-standing relationship between our two companies."
About Roadranger
The Roadranger(R) solution is a combination of the drivetrain, chassis and safety components from Dana Corporation, Eaton Corporation and other trusted partners. For more information about Roadranger products and services, visit http://www.roadranger.com / or write Roadranger Marketing, P.O. Box 4013, Kalamazoo, MI 49003. To reach Roadranger, call (800) 826-HELP (4357) in the United States and Canada. In Mexico, call 01 (800) 826-4357.
About Dana Corporation
Dana's Commercial Vehicle Systems group is part of the Heavy Vehicle Technologies and Systems Group. Dana designs, manufacturers and markets front- steer, rear-drive, trailer and auxiliary axles as well as driveshafts, steering shafts, suspensions and related systems, modules, and services for the commercial vehicle market. Major components and modules are marketed under the Spicer(R) brand name.
Dana designs and manufactures products for every major vehicle producer in the world. Dana is focused on being an essential partner to automotive, commercial and off-highway vehicle customers, which collectively produce more than 60 million vehicles every year. A leading supplier of axle, driveshaft, engine, frame, chassis and transmission technologies, Dana employs 46,000 people in 28 countries. The company is based in Toledo, Ohio, and reported sales of $9.1 billion in 2004. For more information, visit http://www.dana.com
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