Reifendrucksysteme werden kommen !! - 500 Beiträge pro Seite

[HaseCaesar]

Seit Anfang diesen Jahres müssen in den USA alle neu zugelassenen Fahrzeuge über ein Reifendrucksystem verfügen. Damit öffnet sich dort ein Markt, der sicherlich heiß umkämpft werden wird. Wie bei ABS und Airbag dürften diese Systeme auch in Europa Standard werden, selbst wenn deren Einbau nicht zu einer gesetzlichen Pflicht kommen wird.

Aus meiner Sicht dürfte von dieser Entwicklung neben den vielen deutschen Firmen, die in diesem Segment Fuß gefasst haben oder dies versuchen, auch das Unternehmen Smartire profitieren. Smartire vertreibt bereits mit Erfolg Reifendrucksysteme und hat jüngst eine Kooperation mit John Deere als Hersteller und Dana Corporation als Vertriebsgesellschaft eine weitere Kooperation bekannt gegeben.

Der Kursverlauf ist derzeit sicherlich nicht gerade einladend für Invest. Allerdings lassen die letzten News darauf hoffen, dass die Umsätze signifikant steigen werden. Der nächste Quartalsbericht wird darüber vielleicht schon Aufschluss geben.

Und hier zu Smartire und zum Hintergrund also dem Thema Reifendrucksysteme ein paar Links:

http://www.autoservice-online.at/upload/pdf/Reifen%20Special…
http://biz.yahoo.com/prnews/070614/clth025.html?.v=99
http://biz.yahoo.com/prnews/070710/cltu043.html?.v=96

http://www.eetimes.eu/germany/19503377
http://www.auto-gebrauchtwagen.de/meldung_7438.php

Was meint Ihr?

Der Hase Caesar

[Fruehrentner]

Ich würd mal sagen, die Luft ist da raus!

[zocklany]

Antwort auf Beitrag Nr.: 30.859.101 von HaseCaesar am 26.07.07 14:04:18

die sollen erst mal Autos bauen

[Fruehrentner]

Antwort auf Beitrag Nr.: 30.859.604 von zocklany am 26.07.07 14:37:23

nee, erstmal Luftpumpen!

[HaseCaesar]

Auch wenn sich bisher nur Pessimisten gemeldet haben, die Smartire für tot halten, glaube ich, dass die Luft nicht raus ist.

Aus meiner Sicht lassen die News anderes erwarten. man schaue nur auf die Meldung, die es Dana wert war, einen weiteren Schritt zum Vertrieb der Smartire-Produkte zu vermelden:

Dana Announces Availability of SmartWave® TPMS at International Truck Dealers

Kalamazoo, Mich., July 10, 2007 - Dana Corporation’s Commercial Vehicle Systems group announced today that its SmartWave® TPMS tire pressure monitoring system is now available for retrofit installation through International Truck dealerships.

Dana’s SmartWave TPMS is a real-time electronic system that actively and accurately measures the air pressure and temperature for each tire on a vehicle – helping to provide fleets and users with improved fuel economy through properly inflated tires. The system transmits data wirelessly to a receiver mounted on the vehicle, and displays the information in the cab. Suitable for all wheel and tire types, SmartWave TPMS can be installed at any point in the vehicle’s life.

SmartWave TPMS is the latest product offering in Dana’s extensive portfolio of tire pressure management solutions.

“Dana’s SmartWave TPMS enables fleets and users to reduce fuel and tire costs by maintaining proper tire pressure, and the system is simple to install,” said Randy Jarvis, general sales manager – OES for Dana. “Dana is very pleased to offer this cost-saving system through International Truck dealers.” SmartWave TPMS was developed in collaboration with SmarTire Systems Inc.

Initial configurations available include the following chassis arrangements:
• 4 X 2 with standard dual tires
• 6 X 4 with wide based tires
• 6 X 4 with standard dual tires

For more information on Dana’s tire management systems and other Roadranger products and services, visit the Internet at www.roadranger.com, or write to Roadranger Marketing, P.O. Box 4013, Kalamazoo, MI 49003. To reach Roadranger customer service right now, dial 1-800-826-HELP (4357) in the U.S. and Canada. In Mexico, dial 01-800-826-4357.

The Roadranger® solution is an unbeatable combination of the best drivetrain, hybrid power, safety, and fleet management product solutions from Dana Corporation and Eaton Corporation, providing more time on the road. It's all backed by the Roadranger team - the most experienced, expert, and accessible drivetrain consultants in the business.

Dana’s Commercial Vehicle Systems group, part of the Heavy Vehicle Technologies and Systems Group, designs, manufacturers, and markets front-steer and rear-drive axles; driveshafts; steering shafts; suspensions; and related systems, modules, and services for the commercial vehicle market. Major components and modules are marketed under the Spicer® brand name. Dana’s strategic marketing alliance with Eaton Corporation’s Truck Components group provides innovative drivetrain systems under the Roadranger® brand name.

About Dana Corporation
Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company’s customer base includes virtually every major vehicle and engine manufacturer in the global automotive, commercial vehicle, and off-highway markets, which collectively produce more than 65 million vehicles annually. Based in Toledo, Ohio, the company’s continuing operations employed approximately 35,000 people in 28 countries and reported 2006 sales of $8.5 billion, with more than half of this revenue derived from outside the United States. For more information, please visit www.dana.com.

Dana and certain of our U.S. subsidiaries are operating under Chapter 11 of the U.S. Bankruptcy Code as debtors-in-possession. Information about the bankruptcy proceedings can be found at: http://www.dana.com/reorganization. While we continue our reorganization under Chapter 11, investments in our securities will be highly speculative. Although shares of our common stock continue to trade on the Over the Counter Bulletin Board (OTCBB) under the symbol "DCNAQ," the trading prices of the shares may have little or no relationship to the actual recovery, if any, by the holders under any eventual court-approved reorganization plan. The opportunity for any recovery by holders of our common stock under such reorganization plan is uncertain and shares of our common stock may be cancelled without any compensation pursuant to such plan.

SmartWave® is a trademark of SmarTire Systems Inc.

Contact: Emily Ewing
[e-mail]

Quelle: http://dana.mediaroom.com/index.php/press_releases/2120

Der Kurs mag am Boden liegen und auch der "Null" verdächtig nah sein, aber ich bleibe dabei und werde nach den nächsten Geschäftszahlen, die mit dem nächsten Quartalsbericht im September anstehen, ob ich auch weiter dabei bleibe, nachkaufe oder hinschmeiße.

Vielleicht gibt es ja jemanden der zu technischen Seite der Produkte inhaltlich etwas Gehaltvolles beitragen kann.

[HaseCaesar]

Auch auf die Gefahr, dass ich zum Alleinunterhalter mutiere: Aber ich bin froh, dass ich nicht der Einzige bin, der sich für Smartire interessiert. So wurden in den USA just in der letzten 14 Tagen gleich drei Analysen veröffentlicht:

http://finance.yahoo.com/q/rr?s=SMTR.OB

Vielleicht kennt jemand den Inhalt einer der Analysen.

Ich bleibe jedenfalls (vorsichtig) optimistisch.

[HaseCaesar]

Das Volumen in den letzten Tagen war schon in den letzten Tagen höher. Und derMarkt scheint die News ebenfalls zu honorieren:

SmarTire Strengthens Supply Chain
Tuesday August 14, 9:30 am ET
Signs long-term agreement with GE Sensing


RICHMOND, British Columbia, Aug. 14 /PRNewswire-FirstCall/ -- SmarTire Systems Inc. (OTC Bulletin Board: SMTR - News) announced today that it has signed a 3 year agreement with GE Sensing for the continued supply of a key component of SmarTire's tire monitoring system.

SmarTire's current tire monitoring sensors already include the GE Sensing NPX component, which monitors pressure and temperature information within the tire. The tire monitoring sensors have been optimized by combining GE Sensing's NPX component with other RF and power management components in SmarTire's tire monitoring systems to provide optimum performance and durability.

"This agreement is a critical part of strengthening the supply chain for SmarTire," said Greg Tooke, vice president of product & supply chain for SmarTire. "The GE Sensing product is a high quality, field-proven device that has demonstrated its ability to meet the harshest environments and performance levels in the transportation industry."

SmarTire is taking active steps to manage and solidify the entire supply chain to ensure it meets customers' delivery and reliability expectations. Working in close cooperation with key suppliers like GE Sensing will help SmarTire remain competitive from both a technology and cost perspective."

David Hardy, General Manager Sales for GE Sensing, said, "We are pleased to partner with SmarTire through this long-term supply agreement. They have consistently pioneered the TPMS market, and we are confident that they will be a major supplier of tire pressure monitoring systems to the commercial and off-highway vehicle industries now and in the future."

About SmarTire Systems Inc.

SmarTire develops and markets proprietary advanced wireless sensing and control systems worldwide under the SmartWave(TM) trademark. The company has invested more than $100 million in R&D for its patented tire monitoring technology. It developed numerous patent-protected wireless technologies and has advanced tire monitoring solutions since 1987.

SmarTire offers large fleet, commercial, bus and recreational vehicles patent-protected, before- and after-market wireless technologies and advanced tire-monitoring solutions using its proprietary SmartWave platform. The platform provides a foundation for the addition of multiple wireless sensing and control applications. Initial product releases using the SmartWave platform include the SmartWave(TM) TPMS, which leverages on SmarTire's background and knowledge in tire monitoring solution. SmarTire Systems maintains operations in North America and Europe. For more information about SmarTire Systems Inc., visit http://www.smartire.com.

About GE Sensing

GE Sensing is a leading innovator in advanced measurement and sensor-based technology solutions. GE Sensing designs and produces precision instruments and systems that measure temperature, pressure, liquid level, humidity, gas concentration, and flow rate for the most demanding customer applications. GE Sensing serves customers around the world in the aerospace, healthcare, transportation, process and industrial businesses.

Druck, General Eastern, Kaye, NovaSensor, Panametrics, Telaire, Thermometrics and Ruska are now part of one team, under one name: GE Sensing. For more information, visit: www.gesensing.com

For more information:

For more information, visit http://www.smartire.com or contact Peter Moore, Walek & Associates at [phone], e-mail [e-mail]

Except for historical information, this news release contains forward- looking statements that involve substantial risks and uncertainties. When used in this news release, the words "expects," "may," "intends," "plans", "anticipates", "likely", "believes" and similar expressions can be used to identify forward-looking statements. Forward-looking statements are based on current facts and analysis and on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Actual results, performance, or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. Forward-looking statements in this press release include SmarTire's expectations that working in close cooperation with key suppliers like GE Sensing will help SmarTire strengthen its supply chain, remain competitive and meet customer delivery and performance levels. These forward-looking statements are based largely on the expectations of SmarTire and are subject to a number of risks and uncertainties that are beyond SmarTire's control. These include, but are not limited to, risks and uncertainties associated with SmarTire's ability to obtain additional financing and to continue as a going concern, SmarTire's dependence on key personnel, the effects of competitive pricing, SmarTire's dependence on the ability of third-party manufacturers to produce components on a basis that is cost-effective to SmarTire, market acceptance of SmarTire's products, acceptance of SmarTire's products by prominent customers, SmarTire's ability to keep up with technological advances in the industry, the effect of competitive products and the effects of governmental regulations. SmarTire cautions that the foregoing factors are not exhaustive. For a detailed discussion of these and other risk factors, please refer to SmarTire's filings with the Securities and Exchange Commission, including its annual report on Form 10-KSB and subsequent quarterly reports on Form 10-QSB. SmarTire expressly disclaims any intent or obligation to update any forward-looking statements.




--------------------------------------------------------------------------------
Source: SmarTire Systems Inc.

[HaseCaesar]

Mal keine News, dafür ein Hinweis zum Kursverlauf.

Es tut sich was in Amiland:

+ 30 %

Sollte die Talsohle durchschritten sein?

[HaseCaesar]

Es gibt News in Sachen Finanzierung:

Form 8-K for SMARTIRE SYSTEMS INC


--------------------------------------------------------------------------------

24-Aug-2007

Entry into a Material Definitive Agreement, Creation of a Direct Financial O



Item 1.01 Entry into a Material Definitive Agreement.
Pursuant to a securities purchase agreement with Xentenial Holdings Limited dated April 27, 2007 and previously reported by our company on Form 8-K filed May 1, 2007 we have sold a second convertible debenture to Xentenial Holdings Limited. This second convertible debenture is dated August 20, 2007 and is in the amount of $350,000.

Under the terms of this August 20, 2007 secured convertible debenture, we are required to repay principal, together with accrued interest calculated at an annual rate of ten percent (10%), on or before April 27, 2010. Interest will accrue on the outstanding principal balance at an annual rate equal to ten percent (10%). Interest will be calculated on the basis of a 365-day year and the actual number of days elapsed, to the extent permitted by applicable law. Interest is to be paid on April 24, 2010 (or sooner as provided in the convertible debentures) in cash or shares of our common stock (valued at the closing bid price on the trading day immediately prior to the date paid) at our option.

The convertible debenture is convertible, in whole or in part, into shares of our common stock at the then effective conversion price. The conversion price in effect on any conversion date shall be equal to the lesser of

(a) $0.0573 or;

(b) eighty percent (80%) of the lowest volume weighted average price of our common stock during the thirty (30) trading days immediately preceding the conversion date as quoted by Bloomberg, LP.

The convertible debenture contains a contractual restriction on beneficial share ownership. It provides that the holder may not convert the convertible debenture, or receive shares of our common stock as payment of interest, to the extent that the conversion or the receipt of the interest payment would result in such holder, together with its respective affiliates, beneficially owning in excess of 4.99% of our then issued and outstanding shares of common stock. Such limitation may be waived by the holder upon not less than 65 days' notice to us.

An event of default will occur under the convertible debenture if any of the following occurs:

· Any default (not waived by the holder) in the payment of the principal of, interest on or other charges in respect of the convertible debentures;

· We or any of our subsidiaries become bankrupt or insolvent;

· We or any of our subsidiaries default in any of its obligations under any other indebtedness in an amount exceeding $100,000;

· Our common stock ceases to be quoted for trading or listed for trading on any of the Nasdaq OTC Bulletin Board, the New York Stock Exchange, American Stock Exchange, the NASDAQ Capital Market or the NASDAQ National Market) and is not again quoted or listed for trading on any primary market within 5 trading days of such delisting;

· We or any subsidiary experiences a change of control;

· We fail to use our best efforts to file a registration statement within thirty
(30) days of demand by the Investors and provided that at least 30 days have passed since any registration statement of the Company's being declared effective by the SEC, with the SEC a registration statement on Form S-1 or SB-2 (or, if the Company is then eligible, on Form S-3) under the Securities Act ;

· If the effectiveness of the registration statement lapses for any reason or the holder of the 10% convertible debenture is not permitted to resell the underlying shares of common stock, in either case, for more than five trading days or an aggregate of eight trading days;

· We fail to deliver common stock certificates to a holder prior to the fifth trading day after a conversion date or we fail to provide notice to a holder of our intention not to comply with requests for conversions of the convertible debentures;

· We fail to deliver the payment in cash pursuant to a "buy-in" within three days after notice is claimed delivered; or;

· We fail to observe or perform any other material covenant or agreement contained in or otherwise materially breach or default under any other provision of the convertible debenture which is not cured within the applicable cure periods.

Upon an event of default, the full principal amount of the convertible debentures, together with accrued and unpaid interest will become, at the holder's election, immediately due and payable in cash or, at the election of the holder, shares of our common stock. Furthermore, in addition to any other remedies, the holder will have the right to convert the convertible debenture at any time after an event of default or the maturity date at the then effective conversion price. If an event of default occurs, we may be unable to immediately repay the amount owed, and any repayment may leave us with little or no working capital in our business.

In the event of any issuances of shares of common stock or rights, options, warrants or securities convertible or exercisable into common stock at a price per share of common stock less than the conversion price of the convertible debentures, the conversion price of such convertible debentures will be reduced to the lower purchase price. In addition, the conversion price of the convertible debentures will be subject to adjustment in connection with any subdivision, stock split, combination of shares or recapitalization. No adjustment will be made as a result of issuances (or deemed issuances) of securities or interests upon the conversion, exchange or exercise of any right, option, warrant obligation or security outstanding immediately prior to the date of execution of the security purchase agreement and exercises of options to purchase shares of common stock issued for compensatory purposes pursuant to any of our stock option or stock purchase plans.



--------------------------------------------------------------------------------





Item 2.03 Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant
See Item 1.01 above.





Item 3.02 Unregistered Sales of Equity Securities.
See Item 1.01 above.

Ud hier die Pressemeldung von Smartire


Press Release Source: SmarTire Systems Inc.


SmarTire Deploys Balance of April 2007 Financing
Friday August 24, 9:30 am ET


RICHMOND, British Columbia, Aug. 24 /PRNewswire-FirstCall/ -- SmarTire Systems Inc. (OTC Bulletin Board: SMTR - News) announced today that it has sold a convertible debenture in the amount of $350,000, which is the balance remaining under an agreement dated April 27, 2007 that provided for the sale of up to $1.5 million in convertible debentures to Xentenial Holdings Ltd. Terms of the financing are disclosed in the company's 8-K, which was filed today.





"We are pleased with the continued financial support that Xentenial Holdings, has provided us. The sale of this convertible debenture completes our use of Xentenial Holdings' second financing with us this calendar year. The two financings aggregated gross proceeds of $3.3 million," said SmarTire CFO Jeff Finkelstein.

About SmarTire Systems Inc.

SmarTire develops and markets proprietary advanced wireless sensing and control systems worldwide under the SmartWave(TM) trademark. The company has invested more than $100 million in R&D for its patented tire monitoring technology. It developed numerous patent-protected wireless technologies and has advanced tire monitoring solutions since 1987.

SmarTire offers large fleet, commercial, bus and recreational vehicles patent-protected, before- and after-market wireless technologies and advanced tire-monitoring solutions using its proprietary SmartWave platform. The platform provides a foundation for the addition of multiple wireless sensing and control applications. Initial product releases using the SmartWave platform include the SmartWave(TM) TPMS, which leverages on SmarTire's background and knowledge in tire monitoring solution. SmarTire Systems maintains operations in North America and Europe. For more information about SmarTire Systems Inc., visit http://www.smartire.com.

For more information:

For more information, visit http://www.smartire.com or contact Peter Moore, Walek & Associates at [phone], e-mail [e-mail].

[HaseCaesar]

Hallo zusammen,

ich will meinen Alleinunterhalter-Thraed heute mal etwas aufpäppeln, denn es gibt mal weider News von Smartire:

Smartire nimmt die Konkurrenz gerichtlich in Anspruch wegen Patentrechtsverletzungen. Und Nobodys sind das nicht. Denn es geht um Siemens und Schrader-Bridegport.

Den Kurs heute hat es jedenfalls beflügelt. Dahinter steht wohl die Überlegung, dass richtig Geld in die Kasse von Smartire fließt, wenn die Klage Erfolg hat und sei es auch nur, dass das Verfahren durch Vergleich beendet wird. Wenn man negativ denkt, könnte man allerdings vermuten, dass die Konkurrenz so stark ist, dass man im Markt nicht wirklich Fuß zu fassen mag und dies das letzte Mittel ist, um am wachsenden Markt mit zu verdienen. Aber ich denke, es wird nicht mehr lange dauern bis die Geschäftszahlen zum Abschluß des Rechnungsjahres bekannt gegeben werden. Ich denke spätestens Ende Oktober bzw. Anfang Novemner wird dies der Fall sein. Dann wird man jedenfalls klarer sehen, inwieweit die jüngsten Kooperationen und die eigenen Produkte dazu beitragen das operative Geschäft profitabler zu gestalten.

Ich bleibe jedenfalls positiv eingestellt. Und hier Quelle und News im Original:

http://biz.yahoo.com/prnews/070913/clth033.html?.v=101

Press Release Source: SmarTire Systems Inc.


SmarTire Sues Siemens and Schrader-Bridgeport for Patent Infringement
Thursday September 13, 9:30 am ET
Patent Infringement Lawsuit Filed in U.S. District Court in Richmond, Virginia


RICHMOND, British Columbia, Sept. 13 /PRNewswire-FirstCall/ -- SmarTire Systems Inc. (OTC Bulletin Board: SMTR - News) announced today that it has filed a complaint against Siemens VDO Automotive Corp. and Schrader-Bridgeport International, Inc. in the United States District Court for the Eastern District of Virginia alleging infringement of its United States Patent No. 5,231,872, entitled "Tire Monitoring Apparatus and Method."
ADVERTISEMENT


The case is SmarTire Systems, Inc. v. Siemens VDO Automotive Corp. and Schrader-Bridgeport International, Inc., Civil Action No. 1:07cv932 (E.D. Virginia).

About SmarTire Systems Inc.

SmarTire develops and markets proprietary advanced wireless sensing and control systems worldwide under the SmartWave(TM) trademark. The company has invested more than $100 million in R&D for its patented tire monitoring technology. It developed numerous patent-protected wireless technologies and has advanced tire monitoring solutions since 1987.

SmarTire offers large fleet, commercial, bus and recreational vehicles patent-protected, before- and after-market wireless technologies and advanced tire-monitoring solutions using its proprietary SmartWave platform. The platform provides a foundation for the addition of multiple wireless sensing and control applications. Initial product releases using the SmartWave platform include the SmartWave(TM) TPMS, which leverages on SmarTire's background and knowledge in tire monitoring solution. SmarTire Systems maintains operations in North America and Europe. For more information about SmarTire Systems Inc., visit http://www.smartire.com.

Es grüßt alle Desinteressierten

Der Hase Caesar

[HaseCaesar]

Ach Ja ich vergaß zu erwähnen, wie sich der Kurs heute gemacht hat:

+16,67 %

Der Hase Caesar

[HaseCaesar]

Der Kursverlauf beeindruckt derzeit sicherlich nicht. Nach der Ankündigung Siemend und Schrader wegen Patentrechtverletzung (siehe: http://de.biz.yahoo.com/13092007/341/smartire-verklagt-sieme…)klageweise in Anspruch zu nehmen, ist der Kurs wieder zurückgekommen.

Das System von Smartire ist übrigens von motorradonline gestestet worden. Hervorgehoben wird vor allem die Zuverlässigkeit des Systems. Hier der Link:
http://www.motorradonline.de/test/reifen/reifenluftdruck-ueb…

Auch scheint Smartire die Vertriebsstrulkturen verbessert zu haben. Neben Seehase werden die Produkte von Smartire in Deutschland auch über TrphyTec angeboten (siehe: http://www.gps-tours.de/html/reifendruckmonitor_smartire.htm…

Am Ende des Monats dürften die Zahlen für das abgelaufene Geschäftsjahr kommen! Dann wird sich zeigen, ob die Ankündigungen des Managements zutreffen.

Der Hase Caesar" target="_blank" rel="nofollow ugc noopener">[http://www.gps-tours.de/html/reifendruckmonitor_smartire.htm…

Am Ende des Monats dürften die Zahlen für das abgelaufene Geschäftsjahr kommen! Dann wird sich zeigen, ob die Ankündigungen des Managements zutreffen.

Der Hase Caesar

[HaseCaesar]

Press Release Source: SmarTire Systems Inc.


SmarTire Revises Date of Year-End Earnings Call
Friday October 26, 12:15 pm ET


RICHMOND, British Columbia, Canada, Oct. 26 /PRNewswire-FirstCall/ -- SmarTire Systems Inc. (OTC Bulletin Board: SMTR - News) has revised the date of its year-end earnings call for shareholders.

What: SmarTire Year-End Earnings Call

When: Friday, November 9, 2007 at 11 a.m. Eastern/8 a.m. Pacific

How: Participants will dial: 800-895-1085
Intl' Participants will dial: 785-424-1055

Conference ID: 7SMARTIRE
Program Title: SmarTire Year End Earnings Call

Please have your conference ID or program title ready for the operator to expedite the check-in process.

Contact: Emily Phillips, Walek & Associates, 212.590.0527.

If you are unable to participate during the live webcast, the call will be archived on our Web site www.smartire.com.

[HaseCaesar]

Die Ankündigung der Zahlen sorgt für Bewegung:

Das Plus von 17,65 % ist dabei m.E. gar nicht einmal bemerkenswert, wenn man schaut wie oft es in der letzten Zeit auch hin und wieder kräftig bergab ging. Aber das Volumen ist beachtlich!!

Über 11 Mio. gehandelte Akien. Das macht trotz Bonsaikurs immerhin rund eine Dreiviertel Mio. US. Dollar die da in den USA bewegt wurden.

Das könnte ein Indiz dafür sein, dass die Zahlen besser sein werden als zu erwarten. Am 09.11. wissen wir mehr.

cooli2a

[xero1972]

SMARTIRE SYS INC (U-SMTR) - News Release
SmarTire Announces Selection by Major American Coach Fleet

2007-11-07 12:49 ET - News Release



RICHMOND, British Columbia, Canada, Nov. 7 /PRNewswire-FirstCall/ -- SmarTire Systems Inc. announced today that Coach USA has selected SmarTire as its fleet TPMS provider. Effective immediately, Coach USA will require that new coaches ordered from all manufacturers be equipped with SmarTire's tire pressure monitoring systems. Coach USA also plans to immediately begin retrofitting its existing fleet of more than 1,500 motor coaches and has placed an initial order for this purpose.

SmarTire's active TPMS has been designed to enable fleet operators to efficiently maintain top tire performance, reducing tire failures, roadside downtime, fuel consumption and tire costs while increasing passenger and driver safety and confidence. The SmartWave TPMS, which can be installed on any existing vehicle, displays each tire's temperature and pressure information. If the system detects a loss of air pressure or abnormally high tire temperature, a warning automatically alerts the driver to the condition.

The Coach USA application marks the first time that SmarTire's TPMS has been integrated with the Saucon TDS telematics system. This combination allows Coach USA to monitor, in real time, tire conditions on all of its coaches from remote locations using a web based tool. Not only is the system designed to provide early warning to the driver, but alerts can also be sent via e-mail and text message in real time directly to maintenance personnel on their PC or mobile device. "We believe the combination of the SmarTire TPMS with the Saucon GPS system should enhance safety and operational levels for our employees and customers," noted Dale Moser, COO of Coach USA.

Dave Warkentin, President of SmarTire, said, "This commitment and order is the result of over one year of development and road testing, and we believe that it successfully proves the value of our tire pressure monitoring products for fleet customers in the motor coach market. We are very pleased to have been selected by Coach USA, and we look forward to a long lasting, rewarding relationship."

For more information, visit http://www.smartire.com or contact Emily Philips, Walek & Associates at [phone] or e-mail at [e-mail].

About SmarTire

SmarTire develops and markets proprietary advanced wireless sensing and control systems worldwide under the SmartWave(TM) trademark. The company has invested more than $100 million in R&D for its patented tire monitoring technology. It developed numerous patent-protected wireless technologies and has advanced tire monitoring solutions since 1987.

SmarTire offers large fleet, commercial, bus and recreational vehicles patent-protected, before- and after-market wireless technologies and advanced tire-monitoring solutions using its proprietary SmartWave platform. The platform provides a foundation for the addition of multiple wireless sensing and control applications. Initial product releases using the SmartWave platform include the SmartWave(TM) TPMS, which leverages on SmarTire's background and knowledge in tire monitoring solution. SmarTire Systems maintains operations in North America and Europe. For more information about SmarTire Systems Inc., visit http://www.smartire.com.

About Coach USA

Coach USA owns over 20 local companies in North America that operate scheduled bus routes, motorcoach tours, charters, and city sightseeing tours. These local companies are each independently managed and operated to meet the specific needs of their local communities.

Coach USA is a subsidiary of the Stagecoach Group. Stagecoach is one of the world's largest bus, coach and rail groups with operations in the United Kingdom and North America. Stagecoach Group plc. Registered Office: 10 Dunkeld Road, Perth PH1 5TW, Scotland. Registered in Scotland.

About Saucon

Saucon is a privately-held business-focused product & professional services company. Saucon leverages technology and applies user-centric design to enable customers to acquire and extend customer relationships, improve collaboration, enhance operational performance and integrate with existing infrastructures.

At Saucon, information technology is viewed as a set of tools for enhancing coordination and collaboration between people in business processes. Saucon attempts to assist its customer to achieve better coordination through information transparency within the organization and with customers and suppliers.

Except for historical information contained herein, the matters discussed in this news release contain forward-looking statements. Words such as "plans" "expects," "may," "anticipates," "should" and similar expressions identify forward-looking statements. Forward-looking statements are projections and are subject to substantial risks and uncertainties. Actual results, performance, or achievements could differ materially from those contemplated, expressed or implied by these forward-looking statements. Forward-looking statements in this news release include the Company's belief that Coach USA will immediately begin to retrofit its existing fleet, that the combination of the TPMS with Saucon's TDS telematics system should enhance safety and operational levels and that Coach USA and SmarTire will enjoy a long-lasting, rewarding relationship. These forward-looking statements are based largely on the expectations of SmarTire's management and are subject to a number of risks and uncertainties that are subject to change based on factors which are beyond SmarTire's control. These include, but are not limited to, risks and uncertainties associated with the effects of competitive pricing, SmarTire's dependence on the ability of third-party manufacturers to produce components on a basis that is cost-effective to SmarTire, market acceptance of SmarTire's products, SmarTire's ability to keep up with technological advances in the industry, the effect of competitive products and governmental regulations and the risks identified by SmarTire as 'risk factors' in its most recently filed Annual Report on Form 10-KSB and other documents filed with the Securities and Exchange Commission. SmarTire cautions that the foregoing factors are not exhaustive.

SmarTire Systems Inc.



CONTACT: Emily Philips, Walek & Associates, [phone],
[e-mail], for SmarTire Systems Inc.



Web site: http://www.smartire.com//

[HaseCaesar]

Was ist das! Jemand traut sich in meinen Alleinunterhalterthread.

Und in den USA wurden heute schon mehr als 42 Mio. Aktien gehandelt. Kursplus derzeit + 11%.

Wenn jetzt nach dieser guten Nachricht am Freitag noch Zahlen kommen, die über den Erwartungen liegen, dann dürfte sich der Kurs vielleicht bald auch nachhaltig Richtung Norden entwickeln.

Mit vorsichtig optimistischen Grüßen und stillem Gruß an die verlorene Einsamkeit in diesem Thread

cooli2a

[xero1972]

Antwort auf Beitrag Nr.: 32.331.757 von HaseCaesar am 07.11.07 20:43:59

nä, bin schon wieder raus zu +-00 ... war n reiner news-zock ... aber hier is was mächtig faul, denk ich ... super news, wahnsinnsvol., komplett am tief, und das teil geht im minus raus ... ?!

[HaseCaesar]

Die Zahlen sind raus.



Form 10KSB for SMARTIRE SYSTEMS INC


--------------------------------------------------------------------------------

9-Nov-2007

Annual Report



ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
The following discussion of our financial condition, changes in financial condition and results of operations for the fiscal years ended July 31, 2007 and 2006 should be read in conjunction with the audited annual financial statements and the notes thereto.

RESULTS OF OPERATIONS

Fiscal Year Ended July 31, 2007 vs. Fiscal Year Ended July 31, 2006 Revenue

Gross revenue for the fiscal year ended July 31, 2007 increased to $3,661,821 from $3,455,649 in our fiscal year ended July 31, 2006. This breakdown of the sources of our gross revenue is as follows:

· Sales of TPMSs to OEMs for installation on new and existing buses increased to $1,062,174 in fiscal year 2007 from $952,824 in fiscal year 2006. Although we anticipate sales of this product to the OEM bus market to increase significantly in the next fiscal year as our customer base has increased, it is difficult for us to predict what the volume of sales will be as this is dependent on how quickly our new customers retrofit their fleets and integrate TPMSs into their production lines.

· Sales of TPMSs to OEMs for new passenger cars increased to $1,502,597 in fiscal year 2007 from $1,143,554 in fiscal year 2006. The increase was primarily due to an increase in sales to Aston Martin, formerly Ford's flagship division until recently sold. As Aston Martin now supplies our TPMSs on all three of their platforms, we do not anticipate sales of this product to the OEMs to increase unless Aston Martin increases their production of vehicles as our sales and marketing efforts are focused on the commercial or truck, bus, recreational and off-highway vehicle markets.

· Sales of TPMSs to OEMs for new recreational vehicle TPMSs increased to $274,191 in fiscal year 2007 from $254,095 in fiscal year 2006. Although we anticipate sales of this product to the OEM recreational vehicle (RV) market to continue to increase, it is difficult for us to predict what the volume of sales of this product will be as this will depend primarily on market acceptance.

· Sales of TPMSs to the RV aftermarket decreased to $385,934 in fiscal year 2007 from $616,223 in fiscal year 2006. Sales of this product were significantly higher during the fiscal year ended July 31, 2006 as we received initial stocking orders from our major distributor of this product during this period. We anticipate sales of this product to the RV aftermarket to increase. However it is difficult for us to predict what the volume of sales will be as this will depend primarily on market acceptance and our customers implementation schedules.

· Sales of TPMSs to the truck market increased to $161,509 in fiscal year 2007 from $70,490 in fiscal year 2006. We anticipate that sales to this market will increase significantly in fiscal 2008 as we expect to ship product to new OEM customers that we have been working with for the last twelve to eighteen months. Although interest in this product is very high, it is difficult for us to predict what the volume of sales will be, as this will depend primarily on market acceptance.

· Sales of TPMSs to the off-highway aftermarket decreased to $30,999 in fiscal year 2007 from $56,189 for the year ended July 31, 2006. While we anticipate sales to this market to increase significantly in fiscal 2008, it is difficult for us to predict what the volume of sales will be, as this will depend primarily on market acceptance and our customers implementation schedules.


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· Sales of TPMSs to the aftermarket passenger car market decreased to $83,570 in fiscal year 2007 from $240,676 in fiscal year 2006. As our sales and marketing efforts are not focused on this market, we do not anticipate future sales of this product to be significant.

· Sales of aftermarket motorcycle TPMSs increased to $34,227 in fiscal year 2007 from $31,244 in fiscal year 2006. As discussed above, as our sales and marketing efforts are not focused on this market, we do not anticipate future sales of this product to be significant.

· Service revenue for assistance in installing TPMSs and training customers and making customer specific software changes increased to $87,114 in fiscal 2007 from $0 in fiscal year 2006.

· Sales of miscellaneous products and services decreased to $39,506 in fiscal year 2007 from $90,354 in fiscal year 2006.

Gross Margin

Gross margin on sales increased to 26.9% in fiscal year 2007 from 8.5% in fiscal year 2006. The gross margin for fiscal year ended 2006 included an inventory write-down of $700,000 for slow moving aftermarket passenger car TPMSs and motorcycle TPMSs. Excluding the inventory write-down, our gross margin for fiscal 2006 was 28.8%. We anticipate that as sales volumes of our higher margin truck, bus, RV and off-highway TPMS products increase in fiscal 2008 that our gross margin will also increase.

Expenses

Expenses increased to $7,744,693 in fiscal year 2007 from $7,099,129 in fiscal year 2006 primarily due to a stock-based compensation expense of $681,878 in fiscal 2007 compared to a stock-based compensation recovery of $3,087,145 in fiscal year 2006. As a result of our cost reduction initiatives undertaken in fiscal 2007, we anticipate fiscal 2008 operating expenses to decrease by approximately 25% from fiscal 2007.

Engineering, research and development expenses increased to $2,734,148 in fiscal year 2007 from $1,891,961 in fiscal year 2006 primarily due to a stock-based compensation expense of $315,545 in fiscal 2007 compared to a stock-based compensation recovery of $1,269,686 in fiscal year 2006. In addition, fiscal 2007 expenses were impacted by a decrease in product development and product testing, less travel and lower wage expense. The decrease in wage expense was due to a reduction in the number of engineering related employees.

Marketing expenses increased to $1,642,384 in fiscal year 2007 from $1,535,160 in fiscal year 2006 primarily due to a stock-based compensation of $220,661 in fiscal 2007 compared to a stock-based compensation recovery of $263,122 in fiscal year 2006. In addition, fiscal 2007 expenses were impacted by the closing our SmarTire Europe office in the UK, lower advertising and promotion expenses, less travel expenses, lower wage expense and an increase in demos provided to our potential customers for fleet trials. Wage expenses decreased mainly due to the termination of our former SmarTire Europe Managing Director.


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General and administrative expenses increased to $2,922,461 in fiscal year 2007 from $2,368,118 in fiscal year 2006 primarily due to a stock-based compensation expense of $145,672 in fiscal 2007 compared to a stock-based compensation recovery of $1,554,337 in fiscal year 2006. Other decreases in general and administrative expenses were primarily attributed to a decrease in insurance costs, public relation expenses, legal fees and wages. The decrease was partially offset by an increase in our rent expense and the settlement with one of our distributors as more fully explained under "Legal Proceedings". Rent increased substantially as we recorded the estimate of terminating our lease in our UK lease facility. The decrease in professional fees occurred as legal expenses were higher during fiscal year 2006 when we incurred legal costs to defend against a lawsuit from a debenture holder and to restructure both our $30 million 10% convertible debentures issued on June 23, 2005 by us to Cornell Capital Partners, LP and our $160 million equity line of credit entered into in June 2005, issued to us by Cornell Capital Partners, LP., which was replaced with a new $100 million Standby Equity Distribution Agreement on December 30, 2005. The decrease in wages occurred as a result of a reduction in the number of administrative related employees.

Depreciation and amortization

Depreciation and amortization expense decreased to $445,700 in fiscal year 2007 from $1,303,889 in fiscal year 2006. We do not anticipate significant changes in our depreciation and amortization expense in fiscal 2008.

Interest and finance charges

Interest and finance charges decreased to $12,115,066 in fiscal year 2007 from $24,262,542 in fiscal year 2006. Interest and finance charges in fiscal year 2007 included non-cash interest of $12,028,029 compared to non-cash interest of $23,207,528 in fiscal year 2006. Non-cash interest expense in fiscal year 2007 includes accrued interest expense on our convertible debentures, interest accretion on our convertible debentures and amortization of deferred charges related to our convertible debentures. In addition to accrued interest expense on our convertible debentures, interest accretion on our convertible debentures and amortization of deferred charges related to our convertible debentures, the non-cash interest expense in fiscal 2006 includes a $16 million fee paid on June 23, 2005 for our $160 million standby equity distribution agreement with Cornell Capital Partners, which was replaced by a $100 million standby equity distribution agreement on December 30, 2005, plus related professional fees and interest expense.

Interest Income

Interest income decreased to $31,286 in fiscal year 2007 from $222,332 in fiscal year 2006. This decrease was due to lower cash balances maintained during fiscal year 2007.

Loss on settlement of debt

A loss on the settlement of debt of $nil was incurred for fiscal year 2007 as compared to a loss on the settlement of debt of $214,274 for fiscal year 2006. The loss on settlement of debt represents the aggregate consideration provided less the face value of the debt. The loss on settlement of debt occurred as on April 21, 2005, Bristol Investment Fund, Ltd., a holder of our discounted debentures in the amount of $91,726, commenced a lawsuit in the Supreme Court of New York against us, essentially alleging that we wrongfully refused to honor its request to convert the debt into 9,268,875 shares of our common stock. The lawsuit sought an order compelling us to pay $4,393,360 plus interest from April 25, 2005 for damages and attorneys fees.


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On January 5, 2006, we entered into a Settlement Agreement and Mutual Release with Bristol Investment Fund, Ltd. In connection with the Agreement and Mutual Release, we issued (i) a bank check in the amount of $228,000 payable to "Bristol Investment Fund, Ltd. representing $250,000, less $22,000 in Canadian withholding taxes"; (ii) 2,000,000 shares of our common stock (the "Bristol Shares") in certificates of 1,000,000 shares each; and (iii) an executed Stipulation of Discontinuance with prejudice. Bristol Investment Fund, Ltd. further agreed that no sale of the Bristol Shares will be made before January 16, 2006 and that no more than 1,000,000 of the Bristol Shares may be sold before February 16, 2006. Bristol Investment Fund, Ltd. further acknowledged that the discounted debenture has been paid in full and no further sums are due thereunder.

Unrealized loss on derivative instruments

An unrealized derivative instrument loss of $1,030,415 was incurred in fiscal year 2007 as compared to compared to an unrealized gain of $2,521,841 in fiscal 2006. The unrealized derivative instrument loss/gain represents the mark to market adjustment on derivative instruments. There was no derivative instrument unrealized gain or loss subsequent to October 31, 2006 as effective November 1, 2006, as a result of early adopting FSP EITF No. 00-19-2, management has determined that the outstanding warrants and embedded conversion feature in its convertible debentures met the requirements for classification as equity items and consequently the derivative financial instruments were reclassified to additional paid in capital and accumulated deficit as discussed in Note 3(b) to the financial statements.

Foreign exchange gain/loss

A foreign exchange gain of $250,724 was incurred in fiscal year 2007 as compared to a foreign exchange loss of $292,220 in fiscal year 2006. Our operating expenses are adversely impacted by a lower US dollar against the Canadian dollar as a significant portion of our operations are paid in Canadian dollars. Foreign exchange gains or losses are due to fluctuations in currency exchange rates and are impossible to predict.

LIQUIDITY AND CAPITAL RESOURCES

Our cash position at July 31, 2007 was $350,018 as compared to $1,988,420 at July 31, 2006. This decrease was due to the net of our use of cash in operating and investing activities and cash provided by financing activities as described below.

Our net loss of $19,621,808 for fiscal year 2007 includes non-cash charges of $445,700 for depreciation and amortization, a stock based compensation expense of $681,879, an unrealized loss on derivative investments of $1,030,415, an expense of $341,788 for the payment of debt through the issuance of common shares, an expense of $22,658 for the repricing of stock options, an expense of $16,677 for the issuance of common shares and warrants for services rendered and $12,028,029 for interest and finance charges as disclosed above under interest and finance charges. Increases in non-cash working capital during the year amounted to $274,602. Non-cash working capital changes included decreases in accounts receivable, inventory, prepaid expenses and accounts payable and accrued liabilities. The net cash used in operating activities for fiscal 2007 was $4,780,060.

Net cash used in operating activities

Net cash used in operating activities was $4,780,060 during fiscal year 2007, compared to $7,876,553 during fiscal 2006. The decrease in cash used in fiscal 2007 was primarily due to the following factors:

(i) the closure of our European office;

(ii) the reduction in the number of our employees by approximately 45%;

(iii) the issuance of shares to settle debt;


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Net cash used in investing activities

Net cash used in investing activities was $346,579 during fiscal year 2007 compared to $246,575 during fiscal 2006. The cash used in the current year was used to find the purchase of property and equipment which is primarily used to manufacture our products.

Net cash provided by financing activities

Net cash provided by financing activities was $3,590,102 during fiscal year 2007 compared to net cash used of $78,200 during fiscal year 2006.

During fiscal year 2007, we received $121,500 through the exercise of employee stock options and gross and net proceeds of $4.15 million and $3.69 million respectively through the sale of convertible debentures as follows and explained in further detail in note 9 to the financial statements:


Gross Financing Net
Date Proceeds costs Proceeds
(1) November 2006 $ 1,200,000 $ 130,000 $ 1,070,000
(2) January 2007 684,000 83,400 600,600
(3) February 2007 334,000 33,400 300,600
(4) March 2007 782,000 78,200 703,800
(5) April 2007 1,150,000 135,000 1,015,000

$ 4,150,000 $ 460,000 $ 3,690,000




In addition, we incurred an additional $221,398 in financing expenses, of which $31,844 were for professional fees to review the convertible debentures and related agreements and $189,554 were for professional fees incurred to file four registration statements, including three amendments to register our November 2007, 1.2 million debentures.

On August 27, 2007, pursuant to a securities purchase agreement with Xentenial Holdings Limited dated April 27, 2007 we sold a second convertible debenture to Xentenial Holdings Limited for gross proceeds of $350,000 and net proceeds of $315,000. Terms of the debenture are the same as the debenture issued on April 27, 2007 as disclosed in note 9(h) to the financial statements.

During fiscal year 2006, we realized aggregate gross cash proceeds of $171,800 as follows:

· On October 20, 2005, a warrant holder exercised 1,100,000 warrants at an exercise price of $0.10 for gross proceeds of $110,000.

· During fiscal year 2006, 2,060,000 stock options were exercised for gross proceeds of $61,800.

In addition, we paid $250,000 to settle a debt as described above under "loss on settlement of debt".


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FUTURE OPERATIONS

Presently, our cash flow generated from operations is not sufficient to meet operating and capital expenses. We have incurred operating losses since inception, and we project this to continue for the next nine to twelve months.

At July 31, 2007, we had cash of approximately $350,000. During August, we issued a convertible debenture and received net proceeds of $315,000. However, as our management projects that we will require a minimum of $2.4 million and a maximum of $45.1 million to fund our debt repayments, ongoing operating expenses and working capital requirements through July 31, 2008, as detailed below, we may require up to $44.435 million in financing through the next twelve months in order to continue in business as a going concern.


Estimated Range
Marketing $ 1,200,000 $ 1,400,000
Engineering, research and development 1,750,000 2,000,000
General and administrative 1,750,000 2,000,000
Capital Purchases 60,000 300,000
Debt repayment (1) - 42,200,000
General Working Capital (2) (2,360,000) (2,700,000)

TOTAL $ 2,400,000 $ 45,200,000




(1) Principal payments on all of our outstanding debt and interest payable due within the next twelve months, excluding $500,000 of interest payable in cash under our June 2005 10% convertible debentures and interest payable under our May 2005 5% convertible debenture is convertible into shares of our common stock. Principal due under our June 2005 10% convertible debentures must be converted into shares of the Company on June 23, 2008. However, this conversion is limited to 4.9% of our outstanding shares for each debtholder and related group of debtholders.

(2) Our working capital requirements are impacted by our inventory requirements. Therefore, any increase in sales of our products will be accompanied not only by an increase in revenues, but also by an increase in our working capital requirements.

The continuation of our business is dependent upon obtaining further financing, further market acceptance of our current products and any new products that we may introduce, the continuing successful development of our products and related technologies, and, finally, achieving a profitable level of operations.

We plan to raise additional capital required to meet the balance of our estimated funding requirements through July 31, 2008, through either:

(1) issuance of either convertible debt or equity;

(2) sale of rights to market our product;

(3) license of our technology;

(4) settlement of patent infringement lawsuit-we launched a patent infringement lawsuit against Siemens VDO Automotive Corp. and Schrader-Bridgeport International, Inc. on September 12, 2007

The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

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In addition, despite our $100 million Standby Equity Distribution Agreement ("SEDA") with YA Global Investments LP, formerly Cornell Capital Partners, it is uncertain when we will be permitted to draw down on it as drawdowns are subject to an effective registration statement covering the underlying shares. Based on our current market capitalization and outstanding debentures, we do not believe that our SEDA is currently a viable source of financing.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

Our consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our consolidated financial statements is critical to an understanding of our financials.

Revenue Recognition

We recognize revenue when there is persuasive evidence of an arrangement, goods are shipped and title passes, collection is probable, and the fee is fixed or determinable. Provisions are established for estimated product returns and warranty costs at the time the revenue is recognized. We record deferred revenue when cash is received in advance of the revenue recognition criteria being met.

Inventory

Inventory of raw materials is recorded at the lower of cost, determined on a first-in, first-out basis, and net realizable value. Inventory of finished goods and work-in progress are recorded at the lower of average cost and net realizable value. Average cost is determined using the weighted-average method and includes invoice cost, duties and freight where applicable plus direct labour applied to the product and an applicable share of manufacturing overhead. A provision for obsolescence for slow moving inventory items is estimated by management based on historical and expected future sales and is included in cost of goods sold.

Impairment of Long Lived Assets

The Company monitors the recoverability of long-lived assets, based on estimates using factors such as expected future asset utilization, business climate and future undiscounted cash flows expected to result from the use of the related assets or to be realized on sale. The Company recognizes an impairment loss if the projected undiscounted future cash flows are less than the carrying amount. The amount of the impairment charge, if any, is measured equal to the excess of the carrying value over the expected future cash flows discounted using the Company's average cost of funds.

Convertible Debentures

In December 2006, the Financial Accounting Standards Board ("FASB") issued a FASB Staff Position Emerging Issues Task Force ("EITF") Issue No. 00-19-2, "Accounting for Registration Payment Arrangements" ("FSP No. EITF 00-19-2"), which addresses our accounting for registration payment arrangements. FSP No. EITF 00-19-2 specifies that the contingent obligation to make future payments or otherwise transfer consideration under a registration payment arrangement, whether issued as a separate agreement or included as a provision of a financial instrument or other agreement, should be separately recognized and measured in accordance with FASB Statement No. 5 "Accounting for Contingencies".

We have previously entered into convertible debt agreements under which we are obliged to register the underlying common shares with the Securities and Exchange Commission and to maintain such registration over a period specified in the respective agreements so that the convertible debenture holders could sell their shares if the debt was converted. In the event the registration statements are not filed by the scheduled filing deadline or is not declared effective by the SEC, then as partial relief for the damages to any holder, we are obliged to pay as a liquidated damage to the holder, at the holder's option, either a cash amount or shares of our common stock within 3 business days, equal to 2% of the liquidated value of the convertible debentures or preferred shares outstanding for each 30 day period after the scheduled filing deadline or scheduled effective date. For certain of the debentures and our preferred shares, there are no alternative settlement methods in the agreement and there is no limit on the maximum potential amount of consideration payable as damages. For certain other debentures, the registration right agreement limits the amount of damages to not exceed 20% of the aggregate purchase price for all investors, aggregating to $830,000.

We have not filed or made effective registration statements underlying the majority of our debenture and preferred share obligations. However, management has obtained waivers from the various holders of these convertible debentures and preferred shares, which indicates that we are not considered in default of these agreements pending the filing of a new registration statement and the holders waive their rights under the default provisions affected by this non-compliance, until January 1, 2008. While management will apply its best efforts to have the various registration statements filed and declared effective or alternatively to extend the current waivers, there can be no assurances that we will succeed in obtaining the required approvals or waiver extensions. The result of not obtaining these effective registration statements or extended waivers could have a significant impact on the operations of our company. However, as at July 31, 2007, it is management's opinion that we will be able to obtain future waivers from the various holders of these instruments, that will waive the holder's rights under the default provisions affected by the non-compliance of not filing or making effective a registration statement as required under the terms of this agreement until such time as the convertible instruments are settled. As such, we have not accrued any liabilities related to these liquidated damages associated with this non-compliance for any of the periods presented.


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Stock-Based Compensation

Stock options granted are accounted for under SFAS No. 123R "Share-Based Payment" and are recognized at the fair value of the options as determined by an option pricing model as the related services are provided and the options earned. SFAS No.123R replaces existing requirements under FAS 123 and APB 25, and requires public companies to recognize the cost of employee services received in exchange for equity instruments, based on the fair value of those instruments on the measurement date which generally is the grant date, with limited exceptions. We have adopted SFAS No. 123R as of August 1, 2006 using the modified prospective method of adoption. The adoption of SFAS No. 123R did not have a material effect on our financial position or cash flow for any period.

Stock-based compensation represents the cost related to stock-based awards granted to employees and non-employee consultants. We measure stock-based compensation cost at measurement date, based on the estimated fair value of the award, and generally recognize the cost as expense on a straight-line basis (net of estimated forfeitures) over the employee requisite service period or the period during which the related services are provided by the non-employee consultants and the options are earned. We estimate the fair value of stock options using the Black-Scholes option pricing model.

The expected volatility of options granted has been determined using the volatility of our company's stock. The expected volatility for options granted during the year ended July 31, 2007 was between 140% and 145%. The expected life . . .

[HaseCaesar]

Und hier die Presseerklärung zu den Zahlen:

Press Release Source: SmarTire Systems Inc.


SmarTire Reports 2007 Year End Financial Results
Friday November 9, 9:30 am ET
Cash used in operations and investing activities decreases by $3.0 Million


RICHMOND, British Columbia, Nov. 9 /PRNewswire-FirstCall/ -- SmarTire Systems Inc. (OTC Bulletin Board: SMTR - News), a provider of active tire pressure and temperature monitoring systems for the global commercial or truck, bus, recreational vehicle, and off highway vehicle markets, announced today that revenue for its fiscal year ended July 31, 2007 increased to $3,661,821 from $3,455,649 during fiscal 2006.
ADVERTISEMENT


Net loss for the year decreased to $19.6 million or ($0.07) per share from $28.8 million or ($0.10) per share in fiscal year 2006. The decrease in the loss was mainly due to a decrease in non-cash interest charges of $12.0 million in fiscal year 2007 from $23.2 million in fiscal 2006.

Cash used to fund operating and investing activities in fiscal 2007 decreased to $5.1 million from $8.1 million in fiscal 2006. The decrease in cash used was primarily due to the closure of our European office, the reduction in the number of our employees by approximately 45% and the issuance of shares to settle debt. We anticipate that cash required for operating and investing activities in fiscal 2008 will decrease by another 50-60% of the amount of the cash used to fund operating and investing activities in fiscal 2007.

Operating expenses for the year increased to $7.7 million from $7.1 million in fiscal year 2006. The increase was primarily due to non-cash stock- based compensation expense of $682,000 in fiscal 2007 compared to a stock- based compensation recovery of $3.1 million in fiscal year 2006.

"Our objective is to make this Company profitable and we took a step in the right direction by reducing our burn rate by $3 Million for the year," said David Warkentin, President and Chief Executive Officer in announcing results. "We continue to reduce our burn rate as evidenced by our cash used during our fourth quarter, when we used cash of $672,918, a decrease of $227,122 from $900,040 during our third quarter. While I am extremely pleased that we have been able to reduce costs, I am still disappointed that revenues have not grown faster. Unfortunately, although we have not lost any business to our competitors, our customers' production implementation schedules have been slower than anticipated and are not an issue we can control."

"However, I am pleased with the progress we have made, especially our continued focus on our strategy, filing of our lawsuit against Siemens and Schrader, cost reductions and the strengthening of our supply chain as evidenced by our long-term supply agreement with GE Sensing. During this year, we landed several key customers, including John Deere, International Truck and Setra, a division of Daimler Chrysler.

SmarTire's detailed operating results are available in its Form 10-KSB, filed with the SEC, available online at: http://www.sec.gov. SmarTire's consolidated financial statements and all financial information contained in this release are stated in U.S. dollars and are prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP).

SmarTire's year end earnings call with shareholders will be held this Friday, November 9 at 11:00 a.m. EST. U.S. and Canadian shareholders can call 1-800-895-1085 and ask the operator to connect them to the SmarTire call. International callers may dial 785-424-1055.

Those who miss the call may listen to it through an mp3 file that will be posted at www.smartire.com.

For more information, visit http://www.smartire.com or contact Emily Philips, Walek & Associates at [phone] or e-mail at [e-mail].

Was neben der nach wie vor, wenn auch verringerten Cash-Burn Rate nachdenklich stimmt ist, dass Warketin als ersten Grund für die angestrebte Verbesserung der Geschäftszahlen im Ausgang des Rechtsstreits sieht. Entscheidend ist, ob Smartire es schafft, weiter mit ihren Produkten im Markt Fuß zu fassen. Der Umsatzanstieg, der Ausbau der Vertriebsaktivitäten, der doch deutlich verringerte, wenn auch immer noch hohe Verlust und die angestrebte und in Gang gesetzte Kostenreduktion lassen hoffen. Auch wenn es bis zu Erwirtschaftung von Gewinnen immer noch ein weiter Weg ist.

cooli2a

[Saftladen]

[vista23]

Form 8-K for SMARTIRE SYSTEMS INC

17-Dec-2007

Regulation FD Disclosure


Item 7.01. Regulation FD Disclosure.

Volvo Trucks North America advised that the SmarTire tire pressure monitor system is available now through their aftermarket parts group and that local Volvo dealers are able to assist in adding the system to Volvo trucks.

Volvo Trucks North America also advised that they are planning a factory installation that will provide information through the driver information display that is planned to be in production from the factory late in the second quarter 2008.

[HaseCaesar]

Die News scheinen zu gefallen. Gutes Handelsvolumen, starker Kursanstieg: Das könnte ein Signla dafür sein, dass Totgesagte länger leben.

Positiv an der News ist jedenfalls, dasss mit Volvo ein Hersteller gewonnen wurde, dessen Marke für hohe Sicherheitsstandards steht.

Der Hase Caeser

[HaseCaesar]

Die neuesten Quartalszahlen sind seit kurz vor Weihnachten bekannt:

Form 10QSB for SMARTIRE SYSTEMS INC


--------------------------------------------------------------------------------

21-Dec-2007

Quarterly Report



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
OVERVIEW

The following discussion of our financial condition, changes in financial condition and results of operations for the three months ended October 31, 2007 and 2006 should be read in conjunction with our most recent audited annual financial statements for the financial year ended July 31, 2007, the unaudited interim financial statements included herein, and, in each case, the related notes.

We have three wholly owned subsidiaries: SmarTire Technologies Inc., SmarTire USA Inc. and SmarTire Europe Limited. SmarTire Technologies Inc. was incorporated on June 3, 1988 under the laws of the Province of British Columbia, and was the original developer of our patented technology. SmarTire USA Inc., a Delaware corporation incorporated on May 16, 1997, is our exclusive marketing agency for SmarTire in North America. SmarTire Europe Limited, a United Kingdom corporation incorporated on February 25, 1998, was our exclusive sales and distribution operation for Europe until we began shipping products directly from SmarTire Systems Inc. in February 2007.

We are a "foreign private issuer," as such term is defined in Rule 3b-4 under the Securities Exchange Act of 1934, and a "small business issuer," as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934. We voluntarily file annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K with the SEC and are not subject to the proxy rules under Section 14 of the Exchange Act. Our insider reports are filed in Canada on its SEDI (system for electronic disclosure by insiders) at www.sedi.ca.

We develop, subcontract our manufacturing, and market technically advanced tire pressure monitoring systems ("TPMSs"), which monitor tire pressure and tire temperature in a wide range of vehicles. Our TPMSs are designed to improve vehicle safety, performance, reliability and fuel efficiency. Although we currently sell TPMSs for trucks, buses, recreational vehicles, off-highway vehicles, passenger cars and motorcycles, our primary sales and marketing efforts are focused on the commercial or truck, bus, recreational and off-highway vehicle markets.

Our mission is to become the global leader in providing wireless tire pressure monitoring ("TPM") solutions for truck, bus, recreational and off-highway vehicles. We are selling our products under the brand "SmartWave" and "SmarTire." We anticipate that the increasing penetration of wireless technology in the mobile environment and the ability of our products to provide applications in addition to TPMS will provide us with multiple benefits, including the following:

· become cash flow positive;

· increase the overall value of our technology and the competitiveness of our products;

· create opportunities for revenue growth beyond TPM; and

· increase the barrier for other companies to enter the commercial or truck, bus, recreational and off-highway vehicle markets for TPM.

On August 3, 2007, we entered into a three year agreement with GE Sensing Inc. ("GE") dated July 23, 2007 in an effort to confirm the continued supply of GE's NPX pressure sensors, which are a key component of our tire pressure monitoring systems. To date, we have been purchasing these NPX pressure sensors from GE on an open order basis.

On September 12, 2007, we filed a complaint against Siemens VDO Automotive Corp. and Schrader-Bridgeport International, Inc. in the United States District Court for the Eastern District of Virginia alleging infringement of our United States Patent No. 5,231,872, entitled "Tire Monitoring Apparatus and Method."

The court has set a schedule directing the parties in the lawsuit to complete discovery by the end of February 2008 and setting the final pre-trial conference for February 21, 2008. The trial of the case is expected to start four to eight weeks after the final pre-trial conference.

Government Regulations

Our products are subject to regulation by the government agencies responsible for radio frequencies in each country that our TPMSs will be sold. For example, in the United States approval must be received from the Federal Communications Commission for each product. Some countries require additional governmental approvals in certain circumstances. For example, in the United Kingdom, all electronic equipment to be installed in emergency and police vehicles must be approved by the Vehicle Installation Development Group, a governmental body. Also, as a practical matter, certain nongovernmental approvals may be necessary for market acceptance of our products in certain countries. For example, the approval of TUV (an independent testing company) is considered necessary to market our TPMSs in Germany.

We believe that we have all of the necessary governmental approvals for our current TPMSs in our intended market countries. As each new TPMS is introduced to the market, we intend to apply for the necessary approvals.

Our sales and marketing efforts are not focused on the passenger car market, but with the implementation of the Transportation Recall Enhancement, Accountability, and Documentation Act of 2000 ("TREAD Act") which only applies to passenger automobiles sold in the United States, we believe that other motor vehicles, including medium and heavy trucks, buses, off-highway and recreational vehicles will be impacted by this legislation in subsequent years. We also believe that the TREAD Act is positively influencing commercial vehicle manufacturers' adoption of tire pressure monitoring.

It is difficult to predict the magnitude of the expected sales increase or the exact timing of the increase since our products will continue to face competition from other TPMSs manufactured by our competitors, and the timing of additional legislative initiatives on tire safety, if any, in the United States and abroad remains uncertain.


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RESULTS OF OPERATIONS

Three months ended October 31, 2007 and October 31, 2006

Revenue

Gross revenue for the three months ended October 31, 2007 increased to $923,026 from $851,779 for the three months ended October 31, 2006. The breakdown of the sources of our gross revenue is as follows:

· Sales of TPMSs to OEMs for installation on new and existing buses increased to $316,090 for the three months ended October 31, 2007 from $265,792 for the three months ended October 31, 2006. Although we anticipate sales of this product to the OEM bus market to increase, this is dependent on how quickly our new customers retrofit their fleets and integrate TPMSs into their production lines;

· Sales of TPMSs to OEMs for new passenger cars decreased to $378,946 for the three months ended October 31, 2007 from $401,145 for the three months ended October 31, 2006. We do not anticipate sales of this product to the OEMs to increase unless Aston Martin increases their production of vehicles as our sales and marketing efforts are focused on the commercial or truck, bus, recreational and off-road industrial vehicle markets;

· Sales of TPMSs to OEMs for new recreational vehicles ("RVs") increased to $72,551 for the three months ended October 31, 2007 from $44,915 for the three months ended October 31, 2006. Although we anticipate sales of this product to the OEM RV market to increase, it is difficult for us to predict what the volume of sales of this product will be as this will depend primarily on market acceptance and our customers implementation schedules;

· Sales of TPMSs to the RV aftermarket increased to $77,654 for the three months ended October 31, 2007 from $67,164 for the three months ended October 31, 2006. We anticipate sales of this product to the RV market to increase. However it is difficult for us to predict what the volume of sales will be as this will depend primarily on market acceptance;

· Sales of TPMSs to the truck market decreased to $4,865 for the three months ended October 31, 2007 from $19,341 for the three months ended October 31, 2006. We anticipate that sales to this market will increase significantly during the remainder of fiscal 2008 as we expect to ship product to new OEM customers. Although interest in this product is very high as demonstrated by several fleet trials, it is difficult for us to predict what the volume of sales will be, as this will depend primarily our customers' implementation schedules and on market acceptance;

· Sales of TPMSs to the off-highway market increased to $1,758 for the three months ended October 31, 2007 from $nil for the three months ended October 31, 2006. While we anticipate sales to this market to increase significantly during the remainder of fiscal 2008, it is difficult for us to predict what the volume of sales will be, as this will depend primarily our customers' implementation schedules and on market acceptance;

· Sales of TPMSs to the aftermarket passenger car market decreased to $7,204 for the three months ended October 31, 2007 from $35,870 for the three months ended October 31, 2006. As our sales and marketing efforts are not focused on this market, we do not anticipate future sales of this product to be significant;

· Sales of aftermarket motorcycle systems increased to $18,817 for the three months ended October 31, 2007 from $9,150 for the three months ended October 31, 2006. As discussed above, as our sales and marketing efforts are not focused on this market, we do not anticipate future sales of this product to be significant;

· Service revenue for assistance in installing TPMSs and training customers and making customer specific software changes increased to $20,882 for the three months ended October 31, 2007 from $0 for the three months ended October 31, 2006; and

· Sales of miscellaneous products were $24,259 for the three months ended October 31, 2007 compared to $8,402 for the three months ended October 31, 2006.


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Gross Margin

Gross margin on product sales decreased to 13.7% for the three months ended October 31, 2007 from 25.1% for the three months ended October 31, 2006. The decrease in gross margin in the three months ended October 31, 2007 from the three months ended October 31, 2006 resulted as the margin on our sales of TPMSs to OEMs for new passenger cars decreased due to higher product costs and our product costs on all products increased due to the decrease in the value of the $US. We anticipate that our overall margin will increase during the remainder of fiscal 2008 as we anticipate sales of TPMSs to OEMs for new passenger cars as a percentage of overall sales to decrease.

Expenses

Expenses decreased to $1,324,282 for the three months ended October 31, 2007 from $2,567,383 for the three months ended October 31, 2006 primarily due to the reduction in the number of our employees.

Engineering, research and development expenses for the three months ended October 31, 2007 decreased to $492,505 from $823,739 for the three months ended October 31, 2006. The decrease was mainly due to lower wage expense and lower travel. Lower wage expense was due to the decrease in the number of employees in this department by approximately 50%.

Marketing expenses for the three months ended October 31, 2007 decreased to $254,625 from $666,529 for the three months ended October 31, 2006. The decrease was mainly a result of lower wage expense, lower demo expense, lower advertising and promotion expense and lower trade show expenses. Wage expense decreased as our former VP Sales and Marketing, Dave Warkentin was promoted to President and Chief Executive officer of our company in October, 2007, which resulted in his wage expense subsequently charged to General and Administration. In addition, in October 2006 we terminated our SmarTire Europe Managing Director. We anticipate marketing expenses to remain constant during the remainder of the year.

General and administrative expenses for the three months ended October 31, 2007 decreased to $512,867 from $936,414 for the three months ended October 31, 2006. The decrease was primarily attributed to a decrease in investor relation costs, professional fees, director fees and fees charged by our former President and Chief Executive Officer. In addition, during the three months ended October 31, 2006 we recorded the cost of settling a dispute with one of our former distributors. We anticipate general and administrative expenses to remain constant during the remainder of the year.

Depreciation and amortization expense decreased to $64,285 for the three months ended October 31, 2007 from $140,701 for the three months ended October 31, 2006.

Interest and finance charges increased to $5,021,653 for the three months ended October 31, 2007 from $1,932,934 for the three months ended October 31, 2006. Interest and finance charges for the three months ended October 31, 2007 includes non-cash interest of $4,991,129 compared to non-cash interest charges of $1,914,675 for the three months ended October 31, 2006. The increase occurred mainly due to an increase in the interest accreted on our convertible debentures as more fully explained in note 6 to the financial statements.

Interest Income

Interest income of $4,312 was earned for the three months ended October 31, 2007 as compared to $9,582 for the three months ended October 31, 2006 and was the result of lower average cash balances during the three months ended October 31, 2007.

Foreign exchange gain (loss)

A foreign exchange gain of $846,834 was incurred for the three months ended October 31, 2007 as compared to a foreign exchange loss of $7,575 for the three months ended October 31, 2006. Foreign exchange gains were mainly due to the increase in the value of the Canadian dollar versus the US dollar and were primarily due to the revaluation of our interest payable on our US denominated debentures at the end of the quarter. Foreign exchange gains and losses are due to fluctuations in currency exchange rates and are virtually impossible to predict.


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LIQUIDITY AND CAPITAL RESOURCES

CURRENT POSITION

Our cash position at October 31, 2007 was $107,848 as compared to $350,018 at July 31, 2007. This decrease was due to the net of our use of cash in operating and investing activities and cash provided by financing activities as described below.

Our net loss of $5,368,517 for the three months ended October 31, 2007 includes non-cash charges of $64,285 for depreciation and amortization, a stock based compensation expense of $128,716, an expense of $4,204 for the issuance of common shares and warrants for consulting services rendered, an unrealized foreign exchange gain on financing activities of $629,595 and $4,991,129 for interest and finance charges as disclosed above under interest and finance charges. Decreases in non-cash working capital during the quarter amounted to $239,602. Non-cash working capital changes included decreases in inventory, prepaid expenses and accounts payable and accrued liabilities and an increase in receivables.

Net cash used in operating activities

Net cash used in operating activities was $570,176 during the three months ended October 31, 2007, compared to net cash used in operations of $1,843,566 during the three months ended October 31, 2006. The reduction in cash used during the three months ended October 31, 2007 versus the three months ended October 31, 2006 was primarily due to the decrease in operating expenses.

Net cash used in investing activities

Net cash used in investing activities was $47,209 during the three months ended October 31, 2007 compared to $275,968 during the three months ended October 31, 2006. We used less cash was used in investing activities during the three months ended October 31, 2007 as our product offering was substantially completed in the prior fiscal year.

Net cash provided by financing activities

Net cash provided by financing activities was $315,000 during the three months ended October 31, 2007 compared to $307,000 during the three months ended October 31, 2006.

During the three months ended October 31, 2007, we received gross and net proceeds of $350,000 and $315,000 respectively through the sale of a convertible debenture as explained in further detail in note 6(f) to our financial statements:

FUTURE OPERATIONS

Presently, our cash flow generated from operations is not sufficient to meet operating and capital expenses. We have incurred operating losses since inception, and we project this to continue for the next nine to twelve months.

At October 31, 2007, we had cash of approximately $107,000. During November, we issued two convertible debentures and received net proceeds of $435,000. However, as our management projects that we will require a minimum of $2.76 million and a maximum of $43.1 million to fund our debt repayments, ongoing operating expenses and working capital requirements through October 31, 2008, as detailed below, we may require between $2.218 million and $42.558 million in financing through the next twelve months in order to continue in business as a going concern.


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Estimated Range
Marketing $ 1,100,000 $ 1,400,000
Engineering, research and development 1,750,000 2,000,000
General and administrative 1,750,000 2,000,000
Capital Purchases 60,000 300,000
Debt repayment (1) - 40,100,000
General Working Capital (2) (1,900,000) (2,700,000)

TOTAL $ 2,760,000 $ 43,100,000




(1) Principal payments on all of our outstanding debt and interest payable due within the next twelve months, excluding $500,000 of interest payable in cash under our June 2005 10% convertible debentures and interest payable under our May 2005 5% convertible debenture is convertible into shares of our common stock. Principal due under our June 2005 10% convertible debentures must be converted into shares of the Company on June 23, 2008. However, this conversion is limited to 4.9% of our outstanding shares for each debtholder and related group of debtholders.

(2) Our working capital requirements are impacted by our inventory requirements. Therefore, any increase in sales of our products will be accompanied not only by an increase in revenues, but also by an increase in our working capital requirements.

The continuation of our business is dependent upon obtaining further financing, further market acceptance of our current products and any new products that we may introduce, the continuing successful development of our products and related technologies, and, finally, achieving a profitable level of operations.

We plan to raise additional capital required to meet the balance of our estimated funding requirements through November 30, 2008, through either:

(1) issuance of either convertible debt or equity;
(2) sale of rights to market our product;
(3) license of our technology; and/or
(4) settlement of patent infringement lawsuit launched against Siemens VDO Automotive Corp. and Schrader-Bridgeport International, Inc. on September 12, 2007.

The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments. During November, 2007 we issued $518,500 in debentures as more fully explained in note 13 (b) and (c) to the financial statements.

In addition, despite our $100 million Standby Equity Distribution Agreement ("SEDA") with YA Global Investments LP, formerly Cornell Capital Partners, it is uncertain when we will be permitted to draw down on it as drawdowns are subject to an effective registration statement covering the underlying shares. Based on our current market capitalization and outstanding debentures, we do not believe that our SEDA is currently a viable source of financing.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

Our consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our consolidated financial statements is critical to an understanding of our financials.


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Revenue Recognition

We recognize revenue when there is persuasive evidence of an arrangement, goods are shipped and title passes, collection is probable, and the fee is fixed or determinable. Provisions are established for estimated product returns and warranty costs at the time the revenue is recognized. We record deferred revenue when cash is received in advance of the revenue recognition criteria being met.

Inventory

Inventory of raw materials is recorded at the lower of cost, determined on a first-in, first-out basis, and net realizable value. Inventory of finished goods and work-in progress are recorded at the lower of average cost and net realizable value. Average cost is determined using the weighted-average method and includes invoice cost, duties and freight where applicable plus direct labour applied to the product and an applicable share of manufacturing overhead. A provision for obsolescence for slow moving inventory items is estimated by management based on historical and expected future sales and is included in cost of goods sold.

Impairment of Long Lived Assets

The Company monitors the recoverability of long-lived assets, based on estimates using factors such as expected future asset utilization, business climate and future undiscounted cash flows expected to result from the use of the related assets or to be realized on sale. The Company recognizes an impairment loss if the projected undiscounted future cash flows are less than the carrying amount. The amount of the impairment charge, if any, is measured equal to the excess of the carrying value over the expected future cash flows discounted using the Company's average cost of funds.

Convertible Debentures

With the adoption of the FASB staff position on EITF 00-19-2 ("FSP No. EITF 00-19-2"), management has determined that the conversion feature of this instrument meets all the requirements of EITF 00-19, "Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company's own Stock" (EITF 00-19"), to be accounted for as an equity interest and not a derivative.

We have previously entered into convertible debt agreements under which we are obliged to register the underlying common shares with the Securities and Exchange Commission and to maintain such registration over a period specified in the respective agreements so that the convertible debenture holders could sell their shares if the debt was converted. In the event the registration statements are not filed by the scheduled filing deadline or is not declared effective by the SEC, then as partial relief for the damages to any holder, we are obliged to pay as a liquidated damage to the holder, at the holder's option, either a cash amount or shares of our common stock within 3 business days, equal to 2% of the liquidated value of the convertible debentures or preferred shares outstanding for each 30 day period after the scheduled filing deadline or scheduled effective date. For certain of the debentures and our preferred shares, there are no alternative settlement methods in the agreement and there is no limit on the maximum potential amount of consideration payable as damages. For certain other debentures, the registration right agreement limits the amount of damages to not exceed 20% of the aggregate purchase price for all investors, aggregating to $900,000.

We have not filed or made effective registration statements underlying the majority of our debenture and preferred share obligations. However, management has obtained waivers from the various holders of these convertible debentures and preferred shares, which indicates that we are not considered in default of these agreements pending the filing of a new registration statement and the holders waive their rights under the default provisions affected by this non-compliance, until January 1, 2008. While management will apply its best efforts to have the various registration statements filed and declared effective or alternatively to extend the current waivers, there can be no assurances that we will succeed in obtaining the required approvals or waiver extensions. The result of not obtaining these effective registration statements or extended waivers could have a significant impact on the operations of our company. However, as at October 31, 2007, it is management's opinion that we will be able to obtain future waivers from the various holders of these instruments, that will waive the holder's rights under the default provisions affected by the non-compliance of not filing or making effective a registration statement as required under the terms of this agreement until such time as the convertible instruments are settled. As such, we have not accrued any liabilities related to these liquidated damages associated with this non-compliance for any of the periods presented.


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Stock-Based Compensation

Stock options granted are accounted for under SFAS No. 123R "Share-Based Payment" and are recognized at the fair value of the options as determined by an option pricing model as the related services are provided and the options earned. SFAS No.123R replaces existing requirements under FAS 123 and APB 25, and requires public companies to recognize the cost of employee services received in exchange for equity instruments, based on the fair value of those instruments on the measurement date which generally is the grant date, with limited exceptions. We have adopted SFAS No. 123R as of August 1, 2006 using the modified prospective method of adoption. The adoption of SFAS No. 123R did not have a material effect on our financial position or cash flow for any period.

Stock-based compensation represents the cost related to stock-based awards granted to employees and non-employee consultants. We measure stock-based compensation cost at measurement date, based on the estimated fair value of the award, and generally recognize the cost as expense on a straight-line basis (net of estimated forfeitures) over the employee requisite service period or the period during which the related services are provided by the non-employee consultants and the options are earned. We estimate the fair value of stock options using the Black-Scholes option pricing model.

Operating expenses include stock-based compensation expense. For the three months ended October 31, 2007, we recorded an expense of $128,716 in connection with stock option grants. A future expense of non-vested options of $44,209 is expected to be recognized over a weighted-average period of one year.

Off-Balance Sheet Arrangements

We have not entered into any transaction, agreement or other contractual arrangement with an entity unconsolidated with us under which we have:

. . .

Quelle: http://biz.yahoo.com/e/071221/smtr.ob10qsb.html

Und die dazugehörige PR-News:

Press Release Source: SmarTire Systems Inc.


SmarTire Reports Q1 Financial Results
Friday December 21, 12:46 pm ET


RICHMOND, British Columbia, Canada, Dec. 21 /PRNewswire-FirstCall/ -- SmarTire Systems Inc. (OTC Bulletin Board: SMTR - News), a provider of active tire pressure and temperature monitoring systems for the global commercial or truck, bus, recreational vehicle, and off highway vehicle markets, announced today that revenue for the first quarter of FY 2008 increased by 8% to $923,026 as compared to $851,779 in the first quarter of FY 2007.
SmarTire's net loss for Q1 2008 was $5.4 million or ($0.01) per share compared to a net loss of $5.4 million or ($0.02) per share in Q1 2007. In Q1 2008, SmarTire's net loss from operations decreased by 50% to $1.2 million from $2.4 million in Q1 2007. SmarTire's net other expenses increased by $1.2 million in Q1 2008 to $4.2 million, primarily due to:


-- An increase in interest and financing charges to $5.0 million in Q1
2008 from $1.9M in Q1 2007
-- A foreign exchange gain of $846K in Q1 2008 compared to a foreign
exchange loss of $7K in Q1 2007
-- An unrealized gain on derivative instruments of nil in Q1 2008 from
$1.0 million in Q1 2007


Cash used to fund operating and investing activities in Q1 2008 decreased by $1.5 million to $0.6 million from $2.1 million in Q1 2007. The decrease in cash used was primarily due to a decrease in operating expenses in Q1 2008 due to a reduction in the number of SmarTire employees and a reduction in SmarTire's investing activities as SmarTire substantially completed product development of the company's current product offering in fiscal 2007.

"Our continued objective is to make our company profitable. We have taken the necessary steps to reduce costs and keep them under control. However we recognize that to meet our profitability objective we need to remain tightly focused on increasing revenue", said David Warkentin, President and Chief Executive Officer in announcing results. "We are disappointed that revenues have not grown more quickly, but delayed production implementation schedules with a number of OEM customers which are expected to begin in the New Year have impacted revenue growth.

Detailed operating results are available in the Form 10-QSB, filed with the SEC, available online at: http://www.sec.gov. The consolidated financial statements and all financial information contained in this release are stated in U.S. dollars and are prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP).

SmarTire has scheduled its quarterly earnings call with shareholders for Friday, January 4, 2008 at 11:00 a.m. EDT. U.S. and Canadian shareholders can call 1-866-682-6100 and ask the operator to connect them to the SmarTire call. International callers may dial 1-201-499-0416.

Those who miss the call may listen to it through an mp3 file that will be posted at www.smartire.com.

For more information, visit http://www.smartire.com or contact Emily Philips, Walek & Associates at [e-mail].

Quelle:http://biz.yahoo.com/prnews/071221/clf048.html?.v=95

[MoneyMogul]

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[MoneyMogul]

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[MoneyMogul]

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[MoneyMogul]

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