SmarTire sales up in China

SmarTire Systems Inc. announced today that it has seen increased demand for its aftermarket tire pressure monitoring products in the Chinese market. Shipments to Chinese distributors accounted for approximately 40% of global aftermarket sales in the fourth quarter versus approximately 15% in the third quarter. "We are very pleased with the initial success that our products have enjoyed in China,"

Aug. 7, 2003

SmarTire Systems Inc. announced today that it has seen increased demand for its aftermarket tire pressure monitoring products in the Chinese market.

Shipments to Chinese distributors accounted for approximately 40% of global aftermarket sales in the fourth quarter versus approximately 15% in the third quarter.

"We are very pleased with the initial success that our products have enjoyed in China," president & CEO Robert Rudman said. "Our Chinese distributors have demonstrated strong commitment and support for our tire pressure monitoring systems."