SmarTire Systems Inc. has announced that it has signed a joint development agreement with Vansco Electronics Ltd.

This agreement provides for the merging of Vansco's vehicle communication expertise with SmarTire's radio frequency technology to create a high sensitivity, weatherproof, controller area network (CAN) chassis-mounted receiver.
CAN is among the most widely used communication standards in vehicles today allowing for multiplexing, receiving and transmitting of signals from various sources.
When combined with SmarTire's high-pressure sensors, this joint development effort will result in a new tire pressure monitoring system (TPMS) targeted directly at OEMs of commercial trucks, buses, agricultural, construction and recreational vehicles. The new TPMS is expected to be launched during the first calendar quarter of 2004.
As part of the agreement, Vansco will market the product directly to its customers on a case-by-case basis. SmarTire will market the jointly developed product to the OEM commercial truck and recreational vehicle markets.
Vansco provides creative electronic and electro-hydraulic solutions and products for heavy equipment OEMs. The company has expertise in electronic displays, controllers, electromechanical devices and electro-hydraulic controls.
Additional information can be found at www.vansco.ca.
SmarTire Systems Inc. develops and markets proprietary tire monitoring systems for the transportation industry worldwide. Incorporated in 1987, SmarTire is a public company with offices in North America and Europe. Additional information can be found at www.smartire.com.
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