|Advanced ID signs global deal with REMA of Germany, the worlds largest tire product supplier.|
Advanced ID's Pneu-Logic Division Signs Global Distribution Agreement With the World's Largest Supplier of Tire Maintenance Products and Equipment
Tuesday September 25, 9:30 am ET
CALGARY, AB--(MARKET WIRE)--Sep 25, 2007 -- Advanced ID Corporation's (OTC BB:AIDO.OB - News) ("AID") Tire Division, Pneu-Logic, today announced that it has entered into a strategic supply agreement with REMA TIP TOP, the world's largest supplier of tire maintenance products and equipment, as a global reseller of Pneu-Logic's line of technology products.
Headquartered near Munich, Germany, REMA TIP TOP (www.rema-tiptop.com) is part of Stahlgruber GmbH & Co. KG, which has annual revenues in excess of 1 billion Euros, over 5,000 employees, and representation in every major country in the world. As part of a strategy for continued growth in products and services targeting the tire industry, AID's Pneu-Logic technology has been selected to form a cornerstone of the newly formed Diagnostic Solutions Group within REMA TIP TOP's automotive division. The first products commercially launched from this collaboration are Fleet Inspector PRO and Fleet Inspector BASIC. These comprehensive solutions are aimed at providing a wide range of customers with leading edge technology for fleet and tire management.
Matthias Rolinski, Sales and Marketing Director for REMA TIP TOP, said, "REMA TIP TOP always provides the best benefits for its customers. As part of our added-value-chain, we have recognized that the Advanced ID Pneu-Logic Fleet Management System represents a high quality solution that enables a premium application for tire inspection and maintenance. The products will be available by the end of October, which follows an introduction that received very favorable reviews at the company's in-house show at our Munich headquarters earlier this month."
Dan Finch, Advanced ID's Chief Executive, who attended the show, said, "We were extraordinarily impressed with the professionalism and enthusiasm of the REMA TIP TOP management. Their vision of value for money and customer focused solutions is completely in line with our mission. With REMA's ability to deliver these products globally, we see this enhanced marketing platform as a major leap forward for our Pneu-Logic division. Combining our collective companies' experience and market positions, we are afforded a unique capability to deliver leading edge technology solutions to every aspect of the tire industry -- from the big global tire manufacturers to local tire shops. It was obvious at the Munich show that the interest level is high and that our rollout is being met with much anticipation. We are ramping up our production facilities in the UK as well as in Thailand to accommodate anticipated orders from REMA and its customers around the world."