SmartTire Q1 revenues almost double on OE sales

Richmond, British Columbia, — SmarTire Systems Inc. announced today gross revenue of approximately $594,000 for the quarter ended October 31, 2005, an increase of approximately $292,000 or 97% from the same quarter of 2004. The company makes automotive sensors, including tyre pressure monitoring systems.

Total sales to the original equipment manufacturer (OEM) market for the quarter ended October 31, 2005 were approximately $437,000, an increase of approximately $264,000 or 153% from the same quarter of 2004.

Al Kozak, president and CEO of SmarTire, said,…

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