SmarTire

News Releases

SmarTire disseminates corporate news and material developments by official corporate news releases. The most recent corporate news releases are posted below. To view news releases issued previously, please select the appropriate archive folder.

Current Releases

  • SmarTire Finalizes Agreement For Business Asset Sale
    RICHMOND, BRITISH COLUMBIA, CANADA - Dec 10, 2008 - SmarTire Systems Inc. (OTC Bulletin Board: SMTRE) announced today that it has signed a definitive agreement to sell its business and the related assets to Bendix Commercial Vehicle Systems LLC, North American affiliate of the Munich, Germany-based Knorr-Bremse Group.
  • SmarTire Signs Term Sheet Agreement For Business Sale
    RICHMOND, BRITISH COLUMBIA, CANADA - Oct 22, 2008 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has signed a term sheet to sell its business and the related assets for an undisclosed amount to Bendix Commercial Vehicle Systems LLC, North American affiliate of the Munich, Germany-based
    Knorr-Bremse AG.
  • SmarTire Announces Chief Financial Officer Change, Annual Meeting Results
    RICHMOND, BRITISH COLUMBIA, CANADA - April 10, 2008 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR), a provider of active tire pressure and temperature monitoring systems for the global commercial or truck, bus, recreational vehicle, and off highway vehicle markets, announced today that it has named David A. Dodge as its interim Chief Financial Officer.
  • SmarTire Reports Q2 Financial Results
    RICHMOND, BRITISH COLUMBIA, CANADA - March 17, 2008 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR), a provider of active tire pressure and temperature monitoring systems for the global commercial or truck, bus, recreational vehicle, and off highway vehicle markets, announced today that revenue for the second quarter of FY 2008 decreased to $740,848 from $946,665 in the second quarter of FY 2007 and revenue for the six months ending January 31, 2008 decreased to $1,663,874 from $1,798,444 for the six months ended January 31, 2007.
  • SmarTire Announces Second Quarter Earnings Call
    RICHMOND, BRITISH COLUMBIA, CANADA - March 12, 2008 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announces its second quarter earnings call for shareholders.
  • SmarTire Reaches Settlement with Siemens on Patent Infringement Lawsuit
    RICHMOND, BRITISH COLUMBIA, CANADA - March 4, 2008 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has settled its patent infringement lawsuit against Siemens VDO Automotive Corp., now known as Continental Automotive Systems US, Inc., ("Siemens") that was pending in the United States District Court for the Eastern District of Virginia.
  • SmarTire Secures Additional Financing
    RICHMOND, BRITISH COLUMBIA, CANADA - January 24, 2008 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that on January 18, 2008, it sold a second convertible debenture under the Securities Purchase Agreement entered into on November 30, 2007.
  • SmarTire Reports Q1 Financial Results
    RICHMOND, BRITISH COLUMBIA, CANADA - December 21, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR), a provider of active tire pressure and temperature monitoring systems for the global commercial or truck, bus, recreational vehicle, and off highway vehicle markets, announced today that revenue for the first quarter of FY 2008 increased by 8% to $923,026 as compared to $851,779 in the first quarter of FY 2007.
  • SmarTire Secures Additional Financing
    RICHMOND, BRITISH COLUMBIA, CANADA - December 5, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has entered into two financing agreements with Xentenial Holdings Limited, a subsidiary of Yorkville Advisors, LLC, formerly Cornell Capital Partners LP.
  • SmarTire Reports 2007 Year End Financial Results
    RICHMOND, BRITISH COLUMBIA, CANADA - November 9, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) a provider of active tire pressure and temperature monitoring systems for the global commercial or truck, bus, recreational vehicle, and off highway vehicle markets, announced today that revenue for its fiscal year ended July 31, 2007 increased to $3,661,821 from $3,455,649 during fiscal 2006.
  • SmarTire Announces Selection by Major American Coach Fleet
    RICHMOND, BRITISH COLUMBIA, CANADA - November 7, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that Coach USA has selected SmarTire as its fleet TPMS provider.
  • SmarTire Revises Date of Year-End Earnings Call
    RICHMOND, BRITISH COLUMBIA, CANADA - October 26, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) has revised the date of its year-end earnings call for shareholders.
  • SmarTire Announces Year-End Earnings Call
    RICHMOND, BRITISH COLUMBIA, CANADA - October 9, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announces its year-end earnings call for shareholders.
  • SmarTire sues Siemens and Schrader-Bridgeport for patent infringement
    RICHMOND, BRITISH COLUMBIA, CANADA - September 13, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has filed a complaint against Siemens VDO Automotive Corp. and Schrader-Bridgeport International, Inc. in the United States District Court for the Eastern District of Virginia alleging nfringement of its United States Patent No. 5,231,872, entitled “Tire Monitoring Apparatus and Method.”
  • SmarTire Deploys Balance of April 2007 Financing
    RICHMOND, BRITISH COLUMBIA, CANADA - August 24, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has sold a convertible debenture in the amount of $350,000, which is the balance remaining under an agreement dated April 27, 2007 that provided for the sale of up to $1.5 million in convertible debentures to Xentenial Holdings Ltd.
  • SmarTire Strengthens Supply Chain
    RICHMOND, BRITISH COLUMBIA, CANADA - August 14, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has signed a 3 year agreement with GE Sensing for the continued upply of a key component of SmarTire’s tire monitoring system.
  • International Truck and Engine Corporation to Offer SmartWaveŽ TPMS to Fleets
    RICHMOND, BRITISH COLUMBIA, CANADA - July 10, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that Dana Corporation, its marketing partner for the commercial vehicle market in North America, Australia and New Zealand, will be offering the company’s SmartWave® TPMS tire pressure monitoring system retrofit kits to International Truck and Engine Corporation.
  • SmartTire Brings Tire Pressure Monitoring System To John Deere Product Line
    RICHMOND, BRITISH COLUMBIA, CANADA - June 14, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) today announced that it has signed an agreement to supply its SmartWave tire pressure monitoring system (TPMS) to Deere & Company, maker of the well-known John Deere vehicles.
  • SmarTire Reports Q3 Financial Results
    RICHMOND, BRITISH COLUMBIA, CANADA - June 14, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR), a provider of active tire pressure and temperature monitoring systems for the global commercial transportation, recreational vehicle, bus and off highway vehicle markets, announced today that revenue for the nine months ending April 30, 2007 increased to $2,731,557 from $2,627,617 for the nine months ended April 30, 2006 and revenue for the third quarter of fiscal year 2007 decreased to $933,113 from $1,195,136 for the same period in 2006.
  • SmarTire Announces Third-Quarter Earnings Call
    RICHMOND, BRITISH COLUMBIA, CANADA - June 12, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announces its third-quarter earnings call for shareholders.
  • SmarTire Announces Availability of SmartWave to Commercial Vehicle After-market
    RICHMOND, BRITISH COLUMBIA, CANADA - May 31, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that Dana Corporation, its marketing partner for the commercial vehicle market in North America, Australia and New Zealand, will be supplying the company’s SmartWave products to commercial fleet customers through various truck manufacturers’ dealer networks in North America.
  • SmarTire Announces Changes to Board of Directors
    RICHMOND, BRITISH COLUMBIA, CANADA - May 10, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) today announced several changes to its board of directors and leadership structure, and CEO David Warkentin commented on the company’s long-term corporate strategy.
  • SmarTire Secures Additional Financing
    RICHMOND, BRITISH COLUMBIA, CANADA - May 1, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has entered into an agreement dated April 27, 2007, providing for the sale of up to $1.5 million in convertible debentures to a subsidiary of Cornell Capital Partners, LP.
  • SmarTire Reports Second Quarter Fiscal 2007 Results
    RICHMOND, BRITISH COLUMBIA, CANADA - March 19, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR), a provider of active tire pressure and temperature monitoring systems for the global commercial transportation, recreational vehicle, bus and off highway vehicle markets, announced today that revenue for the second quarter of fiscal year 2007 increased 13% to $946,665 from 839,615 for the same period in 2006.
  • SmarTire Completes $1.8 Million Financing
    RICHMOND, BRITISH COLUMBIA, CANADA - March 8, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR), a provider of active tire pressure and temperature monitoring systems for the global commercial transportation, recreational vehicle, bus and off highway vehicle markets, announced today that it has completed the sale of the third and last convertible debenture to be sold pursuant to the terms of the securities purchase agreement dated January 23, 2007.
  • SmarTire Systems Announces Restructuring
    RICHMOND, BRITISH COLUMBIA, CANADA - January 30, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has completed its restructuring of operations as it reduced its work force by approximately 25%.
  • SmarTire Reports Additional Financing
    RICHMOND, BRITISH COLUMBIA, CANADA - January 26, 2007 - SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has entered into an agreement dated January 23, 2007 providing for the sale of convertible debentures in the amount of up to $1,800,000.
  • DaimlerChrysler Commercial Buses Plans to Offer SmarTire Tire Pressure Monitoring System for its Setra Motorcoaches
    RICHMOND, BRITISH COLUMBIA, CANADA - January 16, 2007 - DaimlerChrysler Commercial Buses North America announced today its planned partnership with SmarTire Systems Inc. (OTC Bulletin Board: SMTR) to supply tire pressure and temperature monitoring systems (TPMS) as a product upgrade.
  • SmarTire Reports Q1 Financial Results
    RICHMOND, BRITISH COLUMBIA, CANADA - December 15, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that revenue for the first quarter offiscal year 2007 increased 44% to $851,779 from $592,866 in the first quarter of fiscal year 2006.
  • SmarTire to Provide Tire Pressure Monitoring Systems to Spartan Motors
    RICHMOND, BRITISH COLUMBIA, CANADA - November 14, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced that Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), now offers SmarTire's tire pressure monitoring systems (TPMS) as options for its fire truck and motorhome customers.
  • SmarTire Reports $1.2M Financing
    RICHMOND, BRITISH COLUMBIA, CANADA - November 7, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that it has completed a $1.2 million financing that resulted in net proceeds of $1,070,000.
  • SmarTire Reports 2006 Year End Financial Results
    RICHMOND, BRITISH COLUMBIA, CANADA - October 31, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) reported today its financial results for the fiscal year ended July 31,2006.
  • Dave Warkentin Promoted to President & Chief Executive Officer of SmarTire
    RICHMOND, BRITISH COLUMBIA, CANADA - October 23, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that the board of directors has promoted Vice President of Sales and Marketing, David Warkentin to President & Chief Executive Officer of SmarTire.
  • SmarTire Achieves Industry Milestone With New Commercial Vehicle Sensor
    RICHMOND, BRITISH COLUMBIA, CANADA - October 18, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that it has filed a comprehensive patent application in the United States for an external valve sensor used in its tire pressure monitoring systems.
  • SmarTire to Participate in International Commercial Vehicle Trade Show in Germany
    RICHMOND, BRITISH COLUMBIA, CANADA - September 19, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that it will participate in the 61st IAA Commercial Vehicles 2006 trade show in Hanover, Germany, September 21 through September 28, 2006.
  • ABC Companies Selects SmarTire Products for its Buses
    RICHMOND, BRITISH COLUMBIA, CANADA - September 5, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that ABC Companies. has selected SmarTire to supply tire pressure and temperature monitoring systems (TPMS) on Van Hool motorcoaches for the U.S. Headquartered in Minnesota, ABC is the exclusive US distributor of Van Hool coaches, a global-leader in coach manufacturing.
  • SmarTire Appoints New Auditors
    RICHMOND, BRITISH COLUMBIA, CANADA - August 3, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that it has appointed BDO Dunwoody LLP as its new auditors.
  • Bell Equipment Selects SmarTire Products for its Industrial and Construction Equipment
    RICHMOND, BRITISH COLUMBIA, CANADA - July 10, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that Bell Equipment Limited has selected SmarTire to provide its SmartWave(TM) tire pressure monitoring system (TPMS) for installation on its industrial and construction equipment.
  • SmarTire to Provide Tire Pressure Monitoring System for Installation on Fleetwood Motorhomes
    RICHMOND, BRITISH COLUMBIA, CANADA - June 19, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced that Fleetwood Enterprises, Inc., one of the largest RV manufacturers in North America, will install SmarTire’s SmartWave™ tire pressure monitoring system (TPMS) as standard equipment on its high-end Heritage line of American Coach brand motorhomes.
  • SmarTire Q3 Revenue Up 262% to $1.2M
    RICHMOND, BRITISH COLUMBIA, CANADA - June 15, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced today that revenue for the third quarter of fiscal year 2006 increased 262% to $1,195,136 from $330,406 in the third quarter of fiscal year 2005.
  • SmarTire Products To Be Offered On Van Hool Buses
    RICHMOND, BRITISH COLUMBIA, CANADA - June 12, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced today that Van Hool NV has selected SmarTire to supply its tire
    pressure and temperature monitoring systems (TPMS) on its buses and coaches.
  • SmarTire to Supply Tire Pressure Monitoring Systems to Optima Bus Corp.
    RICHMOND, BRITISH COLUMBIA, CANADA - June 5, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced that Optima Bus Corporation has selected SmarTire to supply its tire pressure monitoring systems (TPMS) on its buses including those units that Optima will manufacture for the Chicago Transit Authority.
  • SmarTire to Present at Sensors Expo & Conference
    RICHMOND, BRITISH COLUMBIA, CANADA - June 1, 2006 – SmarTire Systems Inc.(OTCBB:SMTR), a developer and marketer of proprietary advanced wireless sensing and control systems, announced today that the company has been invited to present at the Sensors Expo, a part of the Sensors Expo & Conference being held in Rosemont, Ill., on Tuesday, June 6.
  • SmarTire's New President Reports Preliminary Third Quarter Sales Growth Up 262% to $1.2M
    RICHMOND, BRITISH COLUMBIA, CANADA - May 3, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced today preliminary sales results for the third fiscal quarter ended April 30, 2006. The company reports that FQ3 sales of approximately $1.2 million represents a gain of 262% over last year’s third quarter and a 42% gain over the second fiscal quarter of this year.
  • SmarTire Appoints New President and CEO
    RICHMOND, BRITISH COLUMBIA, CANADA - April 19, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced today that Leif E. Pedersen, a senior sales and marketing executive with extensive global experience in electronic systems, has been appointed the new president and CEO of SmarTire, effective immediately.
  • SmarTire to Supply TPMS to Medtec
    RICHMOND, BRITISH COLUMBIA, CANADA - April 5, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced today that Medtec Ambulance Corporation, an Oshkosh Truck Corporation company, will include the SmarTire active tire pressure monitoring system as an option for new and existing ambulance vehicles.
  • SmarTire Reports 42% Increase in Quarterly Revenue
    RICHMOND, BRITISH COLUMBIA, CANADA - March 20, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced today that revenue for the second quarter of fiscal year 2006 rose 114% to $839,615 from $390,909 in the second quarter of fiscal year 2005.
  • SmarTire Announces Major RV Purchase Order
    RICHMOND, BRITISH COLUMBIA, CANADA - February 27, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced today that Camping World, a major U.S. supplier of aftermarket RV products has placed a substantial purchase order for SmarTire’s recreational vehicle (RV) tire pressure monitoring systems (TPMS).
  • Dana to Feature SmartWave™ TPMS Solutions at Truck Technology Conference
    RICHMOND, BRITISH COLUMBIA, CANADA - February 13, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced today that its SmartWaveTM tire pressure monitoring system (TPMS) products will be on display at the Technology and Maintenance Council (TMC) “Celebrating Excellence in Truck Technology” 2006 Annual Meeting and Transportation Technology Exhibition Feb. 14-17 at the Tampa Convention Center.
  • Pierce Selects SmarTire to Supply TPMS
    RICHMOND, BRITISH COLUMBIA, CANADA - February 1, 2006 – SmarTire Systems Inc.(OTCBB:SMTR) announced today that Pierce Manufacturing Inc., an Oshkosh Truck Corporation company, will include the SmarTire active tire pressure monitoring system as an option for new and existing firefighting vehicles.
  • SmarTire to Supply Prevost With Tire Pressure and Temperature Monitoring System for Buses
    RICHMOND, BRITISH COLUMBIA, CANADA - January 25, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that Prevost has selected the company to supply tire pressure monitoring systems (TPMS) that also monitors tire temperature on its buses.
  • SmarTire Announces Settlement of Lawsuit
    RICHMOND, BRITISH COLUMBIA, CANADA - January 9, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that it has settled a lawsuit pertaining to a dispute with Bristol Investment Fund, Ltd., over the conversion of a convertible debenture in the amount of $91,726.
  • SmarTire Completes Financial Restructuring Plan
    RICHMOND, BRITISH COLUMBIA, CANADA - January 6, 2006 - SmarTire Systems Inc.(OTCBB:SMTR) announced today that it has reached an agreement with its investment bankers to restructure its debt obligations and its equity line of credit.