SmarTire Systems Inc. has announced that it signed a joint development agreement with Vansco Electronics Ltd. to combine Vansco's vehicle communication expertise with SmarTire's radio frequency (RF) technology to create a high sensitivity, weatherproof, controller area network (CAN) chassis mounted receiver.

When combined with SmarTire's high-pressure sensors, this joint development effort will result in a new tire pressure monitoring system (TPMS) targeted directly at OEMs. The TPMS will be launched during the first calendar quarter of 2004.

Vansco will market the product directly to its customers in the agricultural vehicle sector and on a case-by-case basis to the commercial truck, bus and construction industries. SmarTire will market the jointly developed product to the OEM commercial truck and recreational vehicle markets.