BSM Technologies awarded contract with the Metropolitan Transportation Authority of New York to provide fleet management service to the Long Island Rail Road, the Metro-North Railroad and Bridges & Tunnels

CNW Group

TORONTO , Sept. 24, 2013 /CNW/ - BSM Technologies Inc. ("BSM" or the "Company") (GPS.V), a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, today announced that it has been awarded a contract to provide its Sentinel FM asset tracking solution to North America's largest transportation network, the Metropolitan Transportation Authority (MTA).

Under the terms of the agreement, BSM will equip the MTA's Long Island Rail Road (LIRR), Metro-North Railroad (MNR) and Bridges & Tunnels (B&T) vehicles with up to 1420 Sentinel FM units and provide five years of service, with an option to extend the service for an additional five years. The contract is valued at up to $4.2 million if all options are exercised.

"This contract further strengthens BSM's leading position in the rail market," said Aly Rahemtulla , President and CEO of BSM Technologies. "Our proven track record of working with Class I railroads is translating into wins with other large rail customers. We are leveraging our experience with these top tier referral accounts to continue our sales momentum in the sector."

The units being installed are the SFM 7000 model. The SFM 7000 is an advanced platform designed for the telematics needs of large enterprise clients by enabling a high degree of customization and unique data capture. The module interfaces with the Sentinel FM real-time, web-based fleet and mobile workforce management solution.

About BSM Technologies (bsmwireless.com)
BSM Technologies, through its subsidiary BSM Wireless Inc., is a leading provider of remote monitoring, fleet tracking, fleet maintenance, and business intelligent engine providing real time, web‐based tracking of mobile and fixed assets. BSM provides solutions for commercial, government, and law enforcement organizations who manage and operate diverse assets and large fleets, and who seek to enhance customer service, improve the safety of their drivers and vehicles, and lower business costs.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For more information, please visit http://www.bsmwireless.com

SOURCE BSM Technologies Inc.

Contact:

Aly Rahemtulla
President & CEO
BSM Technologies Inc.
(416) 675-1201
arahemtulla@bsmwireless.com

Fil Marinkovic
TMX Equicom
(416) 815-0700 ext. 289
fmarinkovic@tmxequicom.com

Craig Armitage
TMX Equicom
(416) 815-0700 ext. 278
carmitage@tmxequicom.com

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