BSM Technologies awarded contract with North America's largest electrical generating distribution company

TORONTO, Feb. 6, 2013 /CNW/ - BSM Technologies Inc. ("BSM" or the "Company") (TSX-V: GPS), 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 a major Canadian utility company. Under the terms of the agreement BSM will equip 1,289 Sentinel FM units and will provide three years of service with an option to renew for a further two-year period. The total value of the contract is approximately $3M of which $1.1M will be recognized immediately in Q1 2013.

"This is a significant contract for us both in terms of financial value and client profile," said Aly Rahemtulla, President and CEO. "With this win we continue to demonstrate that our robust product offering can meet the demands of large enterprise clients in rigorous industries."

The units being installed are the new SFM 7000 model, with single and dual-mode capabilities. The SFM 7000 is a highly customizable advanced module with unique data capture capabilities designed for the telematics needs of large enterprise clients. BSM designs all of its hardware and software in-house in order to ensure the highest standards of quality.

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.

Aly Rahemtulla
President & CEO
BSM Technologies Inc.
[phone]
[email protected]

Babak Pedram
TMX Equicom
[phone] ext. 264
[email protected]