Category Archives: Press Releases

BSM Technologies reports record Adjusted EBITDA and 39% revenue growth in Fiscal 2013

Toronto, ON – 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 financial and operating results for the three and twelve month periods ended September 30, 2013. All results are in Canadian dollars unless otherwise stated. Financial and […]

BSM Technologies reports record revenue and earnings in Q1 2013

Toronto, ON – 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 financial and operating results for the three months ended December 31, 2012. All results are in Canadian dollars unless otherwise stated. Q1 2013 Financial Highlights ($ […]

BSM Technologies Inc. Announces Closing of Prospectus Offering of Common Shares

TORONTO, Ontario – 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 the closing of its prospectus offering (the “Offering”) of common shares (the "Common Shares"). Pursuant to the Offering, the Company issued 6,160,665 Common Shares priced at […]

BSM Technologies grants options to Directors and Officers

Toronto, ON – 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 on January 15, 2013 the Company granted a total of 1,280,500 stock options to directors and officers of the Company. Each stock option allows the […]

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

Toronto, ON – 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 […]

BSM Technologies reports 166% Net Income growth and 90% EBITDA growth in Fiscal 2012

Toronto, ON – 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 financial and operating results for the three and twelve months ended September 30, 2012. Financial Highlights ($ thousands) Net income: $635 for the quarter and $1,541 for […]

BSM Technologies appoints David Yach to its Board of Directors

Toronto ON,  – 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 David Yach has been appointed to its Board of Directors. Mr. Yach was the Chief Technology Officer for Software at Research In Motion (RIM) until retiring in […]

BSM Technologies brings on Owen Moore as Executive Vice President of Sales

Toronto, ON – 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 Owen Moore has joined in the capacity of EVP, Sales. Mr. Moore was President and Co-Founder of Grey Island Systems International until successfully selling the company in […]

BSM Technologies releases new Sentinel and iTrax hardware

Toronto ON,  – BSM Technologies Inc. (“BSM” or the “Company”) (TSX-V: GPS), a leading provider of remote monitoring, fleet and asset management, fleet diagnostics and automated vehicle security systems, announced today the release of new hardware modules with increased flexibility and improved customer features.   The SFM 3000 and 7000 are lower cost hardware modules […]

BSM Technologies wins contract with MTS

Toronto ON, September 5, 2012 – BSM Technologies Inc.(“BSM” or the “Company”) (TSX-V: GPS), a leading provider of remote monitoring, fleet management, fleet diagnosticsand automated vehicle security systems, today announced that it has been awarded a three-year contract to provide its Sentinel FM asset tracking solution to MTS Inc., Manitoba’s leading full-service communications provider.   […]

BSM Wireless Joins Descartes’ ‘United by Design’ Alliance Program for Fleet Management

CINCINNATI, Ohio —  National Private Truck Council (NPTC) 2010 Education Management Conference & Exhibition — April 19, 2010 — Descartes Systems Group, a federated global logistics network, announced that BSM Wireless, a leading provider of fleet tracking, fleet maintenance, and automated vehicle security systems, has joined Descartes’ ‘United by Design’ program to extend fleet management […]

BSM Announces 500 Units, $570,000 Order From a Multi National Services Company

BSM Announces 500 Units, $570,000 Order From a Multi National Services Company, Restates Financials, and Provides update on Business Combination Woodbridge, Ontario, CANADA, August 14, 2009 ‐ BSM Technologies Inc, (BSM)(GPS: TSX‐V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions today announced receipt of a large order worth approximately $570,000 (over […]

BSM Technologies and Datacom Wireless Announce Letter Agreement

BSM Technologies and Datacom Wireless Announce Letter Agreement for a Business Combination to Create a Major Player in the Canadian Telematic market.  Woodbridge, Ontario, CANADA and Laval, Quebec, CANADA ‐ BSM Technologies Inc. (“BSM”)(TSX-V:GPS) and Datacom Wireless Corporation (“Datacom”) (TSX-V:DAT) are pleased to announce that they have entered into a binding Letter Agreement dated July […]

BSM Technologies Reports Second Quarter 2009 Revenues of $2.7 Million

BSM Technologies Reports Second Quarter 2009 Revenues of $2.7 Million and positive EBITDA of $ 159,233 Woodbridge, Ontario, CANADA ‐ BSM Technologies Inc, (BSM)(GPS: TSX‐V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions today announced that revenues for the three months ended March 31, 2009 were $ 2,734,399.   Noteworthy Highlights […]

BSM Technologies Announces Stock Options Grants

BSM Technologies Announces Stock Options Grants Woodbridge, Ontario, CANADA – BSM Technologies Inc, (BSM)(GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions wishes to announce that an aggregate of 5,895,000 options to purchase common shares of the Company at$0.10 per share for five years have been granted to four directors […]

BSM Technologies Reports First Quarter 2009 Revenues of $2.47 Million

BSM Technologies Reports First Quarter 2009 Revenues of $2.47 Million and first positive EBITDA of $ 106,086 Woodbridge, Ontario, CANADA– BSM Technologies Inc, (BSM)(GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions today announced that revenues for the three months ended December 31, 2008 were $ 2,467,714. Noteworthy Highlights for […]

BSM Technologies Reports 2008 Revenues of $7.83 Million

BSM Technologies Reports 2008 Revenues of $7.83 Million Woodbridge, Ontario, CANADA‐ BSM Technologies Inc, (BSM)(GPS: TSX‐V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions today announced that revenues for the year ended September 30, 2008 were $ 7,827,823. Results of Operations Revenue Revenue for the year ended September 30, 2008 decreased […]

BSM Announces Closing of $2,650,000 Convertable Debnture Financing

Mississauga, Ontario, CANADA – BSM Technologies Inc., (GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions, announces that it has completed a $2,650,000 convertible debenture financing and amended the terms of $800,000 of the $1,300,000 outstanding debentures. BSM Announces Closing of $2,650,000 Convertable Debenture Financing

BSM Announces Convertible Debenture Financing

Mississauga, Ontario, CANADA, June 10, 2008 – BSM Technologies Inc., (“BSM” or the “Company”), (GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions, proposes to issue a minimum of $1,000,000 and up to $3,100,000 in convertible debentures and amend the terms of $800,000 of the $1,300,000 outstanding debentures. BSM Announces […]

BSM Technologies Reports Second Quarter 2008

Woodbridge, Ontario, CANADA – BSM Technologies Inc, (BSM)(GPS: TSX-V)(http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions today announced that revenues for the quarter ended March 31, 2008 were $1,643,674. The decrease of $478,199 from March 31, 2007 quarterly revenues of $2,121,873 can be attributed to a hardware order backlog. As at March […]

BSM Technologies Reports First Quarter Revenues of $2.08 Million

Woodbridge, Ontario, CANADA – BSM Technologies Inc, (BSM)(GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions today announced that revenues for the quarter ended December 31, 2007 increased by 48% to$2,077,408, compared to $1,400,410 for the for the quarter ended December31, 2006. The Company attributes much of this growth to […]

BSM Receives Initial Rollout Order Worth Over $300K

Woodbridge, Ontario, CANADA – BSM Technologies Inc. (GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of GPS-based AVL (Automatic Vehicle Location) fleet tracking and management solutions is pleased to announce today that it has received an initial order worth over $300K from a major national waste management company. View Press Release PDF

SecTrack NV settles legal dispute with Satamatics Limited

Woodbridge, Ontario, CANADA – BSM Technologies Inc.(www.bsmwireless.com) (GPS: TSX-V), a leading provider of high security vehicle tracking and surveillance, announces that its wholly owned subsidiary, SecTrack NV has reached a full and final settlement ofall outstanding legal disputes with its key supplier, Satamatics Limited and a former employee. SecTrack Settles Legal Dispute with Satamatics Limited

BSM Receives Repeat $285,000 from Major Construction Company

Woodbridge, Ontario, CANADA – BSM Technologies Inc. (GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of GPS-based AVL (Automatic Vehicle Location) fleet tracking and management solutions is pleased to announce today that it has received a another repeat order from a major construction company based out of Ontario. BSM Receives Repeat $285,000 from Major Construction Company 

BSM Technologies Reports 2007 Revenues of $8.29

Woodbridge, Ontario, CANADA – BSM Technologies Inc. (GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions, today announced that revenues for the year ended September 30, 2007 increased by 141% to $8,293,177, compared to $3,442,201 for the year ended September 30, 2006. The Company attributes much of this growth to […]

BSM Announces Debt Settlement with Former Employees of BSM’S Subsidiary, Netistix

Woodbridge, Ontario, CANADA – BSM Technologies Inc. (GPS: TSX-V)(http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions, today announced that is has agreed to settle the debts of 10 former employees of BSM’s recently acquired wholly owned subsidiary, Netistix for shares of BSM. BSM Announces Debt Settlement with Former Employees of BSM’s Subsidiary, […]

BSM Announces Completion of Private Placement Debenture Financing with Insider

Woodbridge, Ontario, CANADA – BSM Technologies Inc, (GPS: TSX-V) (www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions, today announced completion of a private placement of a $450,000 Debenture Financing witha Company controlled by the acting chairman of the Company. BSM Announces Completion of Private Placement Debenture Financing with Insider

BSM Wireless Announces Integration with Trans+Plus Systems

Woodbridge, Ontario, CANADA – BSM Technologies Inc.  (GPS: TSX-V), a leading provider of high security vehicle tracking and surveillance solutions, is pleased to announce that it has completed full integration of its Sentinel FM with Trans+Plus Systems’ Fleet Manager Professional. BSM Wireless Announces Integration with Trans+Plus Systems Corporation’s Fleet Manager Professional Product

BSM Wireless awarded $600K plus contract

Woodbridge, Ontario, CANADA – BSM Technologies Inc., (GPS: TSX-V) (www.bsmwireless.com) a leading provider of GPS-based AVL secure vehicle and trailer fleet tracking and management solutions, today announced it has been awarded a 300 vehicle fleet management contract from a multinational industrial service company. BSM Awarded $600K Plus Contract

BSM awarded long-term contract by Ontario transportation conglomerate

Woodbridge, Ontario, CANADA – BSM Technologies Inc., (GPS: TSX-V) (www.bsmwireless.com) a leading provider of GPS-based commercial fleet tracking, management and secuirty solutions, announced today signing a multi-year service and supply agreement for its Sentinel FM solution with a large Ontario transportation conglomerate. BSM Awarded Long-Term Contract by Ontario Transportation Conglomerate

BSM awarded prestigious oil and gas sector contract

Woodbridge, Ontario, CANADA – BSM Technologies Inc., (GPS: TSX-V) (www.bsmwireless.com) a leading provider of GPS-based AVL secure vehicle and trailer fleet tracking and management solutions, today announced that BSM has been awarded the initial rollout of 25 dual-mode CDMA/IRIDIUM units. BSM Awarded Prestigious Oil and Gas Sector Contract

BSM announces 3 deals totalling over $700K

Woodbridge, Ontario, CANADA – BSM Technologies Inc, (GPS: TSX-V) (www.bsmwireless.com) a leading provider of GPS-based AVL secure vehicle and trailer fleet tracking and management solutions today announced that in addition to its August revenues, the company has signed three sizable deals across North America for approximately $700,000 over the life of contracts. BSM Announces 3 […]

Aeris and BSM Wireless Continue Expanding International Footprint

San Jose, California – Aeris ® (www.aeris.net), the leading wireless communications service provider dedicated exclusively to the Machine-to-Machine (M2M) and Telematics marketplace across North America, and BSM Wireless, a designer and manufacturer of automatic vehicle security and location solutions, together announce the companies have signed a new agreement in an effort to further expand the […]

BSM Technologies Reports Quarterly Revenues of $2.36M

Woodbridge, Ontario, CANADA – BSM Technologies Inc., (GPS: TSX-V) (http://www.bsmwireless.com), a leading provider of high security vehicle tracking and surveillance solutions, is pleased to report that revenues for the Quarter ended June 30, 2007 increased by 162% to $2,359,171 compared to$901,836 for the quarter ended June 30, 2006. The Company attributes much of this growth […]

BSM Reserves Exercise Price for Private Placement

 Mississauga, Ontario, CANADA – BSM Technologies Inc, (GPS: TSX-V) (http://www.bsmwireless.com) a leading provider of high security vehicle tracking and surveillance solutions today announced that it has applied for a price reservation through the TSX Venture Exchange for a private placement to raise up to $300,000. BSM Reserves Exercise Price for Private Placement

BSM Announces $1M Order for Armoured Car Security Solution

MISSISSAUGA, Ontario – BSM Technologies Inc., a publicly traded company on the TSX Venture Exchange (GPS:TSX-V), announced today that it has begun shipping the first part of a C$1million order for an advanced armoured car fleet management and security solution to a leading U.S. armoured car company “ACC”. For confidential and security reasons, the company […]

Big Brother's Watching… Your Bike

BSM Technologies Inc., a provider of high-security vehicle tracking and surveillance solutions, and the people who brought bait car technology to North America police departments, have joined with Secure Your Ride, a distributor of motorcycle accessories and theft prevention systems. Big Brother’s Watching… Your Bike