Tire Pressure Monitoring Company Strikes Deal with Visteon

SmarTire Systems Inc. a developer of tire pressure and temperature monitoring technology, and Visteon Corporation, a Tier 1 supplier to automotive manufacturers, have announced an agreement in principle to develop and market tire monitoring solutions for vehicle manufacturers.
With this agreement, the two companies plan to offer tire monitoring solutions to global automotive manufacturers for original equipment passenger car applications. Feedback to SmarTire and Visteon from automakers indicates the need to offer a range of solutions integrating direct measurement technology with existing automotive modules and electronic systems.
“For SmarTire, the agreement with Visteon represents a decisive critical step toward the integration of our technology into original equipment passenger car platforms,” reports Robert Rudman, SmarTire’s president and chief executive officer. “Responding to the demand for direct measurement tire monitoring technology, the two companies are working to solidify non-exclusive product development and distribution agreements,” adds Rudman. “Visteon is known for their systems integration ability and technical innovation with several global automakers.”
Since 1987, SmarTire has pioneered the research and development of tire monitoring technology and has advocated that tire monitoring will become the next major breakthrough in vehicle safety following airbags and anti-lock brakes. With the new Transportation Recall Enhancement Accountability and Documentation (TREAD) Act, improved tire safety standards will require tire pressure warning systems on new passenger cars and light trucks sold in the U.S. after 2003.