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SmarTire inks new manufacturing agreement

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SmarTire Systems Inc. has entered into a manufacturing agreement with Vansco Electronics LP. Under the agreement, Vansco will manufacture key sub-systems for SmarTire's wireless gateway family of products.

SmarTire also announced the termination of its contract manufacturing agreement with Hyundai Autonet Company Ltd. (HACO) in Korea, which was terminated as a result of HACO's acquisition by Hyundai.

"SmarTire has expanded its relationship with Vansco, co-developer of our wireless gateway receiver," says SmarTire CEO and President Al Kozak. "The product is manufactured in Vansco's primary facility in Winnipeg, Canada, where we have valuable support from Vansco's development and test engineers.

"Under the new agreement, Vansco will manufacture our tire transmitter products in its recently acquired Morton, Ill., facility, which is registered to TS16949 quality standards and has a long record of producing reliable sensors and related products for vehicle manufacturers. Volume shipments of products from Vansco will commence this December, and we will complete the transition with no interruption of supply to any of our customers."

SmarTire develops and markets proprietary advanced wireless sensing and control systems worldwide, including tire pressure monitoring systems for global vehicle markets.

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