| Business Summary | | SmarTire
Systems
Inc.
is
engaged
in
developing
and
marketing
technically
advanced
tire
monitoring
systems
designed
for
improved
vehicle
safety,
performance,
reliability
and
fuel
efficiency.
The
Company
is
promoting
the
SmarTire
system
to
both
run-flat
and
conventional
tire
aftermarkets
worldwide.
Additional
target
markets
included
in
the
Company's
plans
are
commercial,
industrial
and
recreational
vehicles.
The
Company's
alliance
partner,
TRW
Inc.,
is
marketing
tire
monitoring
systems
to
the
original
equipment
vehicle
manufacturers.
The
Company's
products
include
tire
monitoring
systems
for
passenger
cars,
motorsports,
commercial
vehicles
and
off-road
industrial
equipment.
Key
benefits
of
tire
monitoring
systems
include
safety;
fuel
economy;
reduced
downtime;
and
potection. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SmarTire
Systems,
Inc.
is
engaged
in
developing
and
marketing
Tire
Monitoring
Systems
designed
for
improved
vehicle
safety,
performance,
reliability
and
fuel
efficiency.
For
the
nine
months
ended
4/30/01,
revenues
rose
6%
to
C$863
thousand.
Net
loss
according
to
US
GAAP
totalled
$6.4
million
vs.
an
income
of
C$4.8
million.
Revenues
reflect
an
increase
in
aftermarket
passenger
car
system
sales.
Net
loss
reflects
the
absence
of
a
$12.2
million
gain
on
the
sale
of
investments. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Rudman, 53 Chairman,
Pres, CEO | $339K | Kevin Carlson, 39 CFO,
Gen. Mang., Corp. Sec. | 173K | Ian Bateman, 55 Managing
Director, SmarTire (Europe) Limited | 158K | Shawn Lammers, 33 VP,
Engineering | -- | John Bolegoh, 56 Technical
Support Mang. | -- | Dollar amounts are as of 31-July-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|