Kolombo Technologies Ltd - "Kolombo" ) - (TSX Venture Exchange: KOL) signs an important distribution agreement with http://ecmisapp:9090/editor/blockedit. Detroit Diesel Allison Canada Est - "Detroit Diesel".
Kolombo confirms the signature of a contract with Detroit Diesel for the exclusive distribution of its products in the Canadian territory for 2006-2007.
Detroit Diesel, an affiliate of Wajax (WJX.un: TSX), is a major distributor of heavy trucks motors and transmissions in all of North America (www.ddace.com). Kolombo, a Quebec City based corporation specializes in the development of antitheft systems for heavy machineries, tractors, trailers, haulers and trucks as well as for equipment protection.
"The security needs for the industrial transportation vehicle floats and for heavy equipment parks is increasing" points out Pierre Asselin, President of Detroit Diesel. "The technological platform offered by Kolombo particularly distinguishes itself from tradition tracking systems and is an exceptional protection instrument."
With this Agreement, Kolombo and Detroit Diesel are creating a significant commercial partnership. "It is in a collaboration and consultation perspective that we are elaborating production, marketing and distribution policies furthering a maximal penetration of Kolombo's systems." indicated Mr. Asselin, foreseeing "an exponential sales growth for Kolombo's products during the next years".
"We are going through crucial stages in the merchandising of Kolombo's products" declared Martin Arsenault, President and Chief Executive Officer of Kolombo. "The execution of such and agreement with Detroit Diesel, a large scale distributor on the North American market, comes within the scope of Kolombo's business development. This partnership, because of Detroit Diesel's tremendous sales force, is opening for us advantageous business perspectives. This contract is very promising for us."
About Kolombo (www.systemekolombo.com):
Kolombo, a company founded in 2000 in Quebec City, having its stocks registered at the TSX Venture Exchange (TSX-V: KOL) since November 3, 2006, is centering its research activities on the technological development and commercialization of vehicle management, protection and anti-theft systems, more specifically on heavy machinery, trailers and merchandise.
Kolombo dedicates the first stage of its commercial development to the merchandise transportation industry, hauler-trucks, bi-trains, trailers, heavy machinery and their secured environments.
First rank in Kolombo's technology is its modular system that places a vehicle or a trailer in a securized zone, ensuring a wide range of applications in matters of security and management of the vehicular park from localisation to absolute immobilization of any vehicle over which a misdeed is being committed.
Land transport, local or international, industrial complexs or wide-spreading working site, every environment presents various challenges for their managers. Kolombo's technologic platform offers to these different clienteles dependability but also the flexibility to adapt to their particular with made-to-measure solutions.
Kolombo benefits from the Canadian and American required certificates for the radio frequency used by its system and which component have obtained confirmation from independent laboratories of their resistance capacity to extreme usage conditions in road vehicles or heavy machineries.
To this day, Kolombo has also obtained two patents in order to protect its intellectual property.
Besides the three directors that dedicates all their time, Kolombo hires at its Quebec head office, ten people, engineers, technicians and computer engineers.
For further information about Kolombo Technologies, Ltd, please visit the web site www.systemekolombo.com
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For further information: Mr. Fouad Choucair, Chairman of the board of directors and chief financial officer, (514) 992-8561, fouad.choucair@kolombotech.com; Kolombo Technologies Quebec, (418) 686-3837, Fax: (418) 686-2531