BSM Technologies awarded contract with major U.S. oil and gas service fleet

BSM Technologies Inc., a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems,
has been awarded a contract to provide its Sentinel FM asset tracking solution to a major U.S.-based oil and gas service fleet.  For the initial implementation, BSM equipment will be installed on 300 of the approximately 4,000 vehicles the customer operates.

"The oil and gas sector has been a major focus for us and we have several installations in Canada," said Aly Rahemtulla, President and
CEO. "This key win by our direct sales force will allow us to expand this expertise into the U.S. and provides a major opportunity for
growth."

Sentinel FM is a robust asset tracking platform for real-time fleet management. Sentinel's capability to manage a diverse group of assets
while seamlessly moving between satellite and cellular networks was a key priority for the customer, which operates in remote areas and
difficult terrain. Expected benefits for the customer include improved fleet utilization, reduced maintenance costs, improved fuel management, and enhanced reporting capabilities.

"The initial installation covers less than eight percent of the customer's fleet. We believe they will consider additional installations
once we demonstrate the benefits our solution can offer," added Mr. Rahemtulla.

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