TORONTO, June 21, 2011 /PRNewswire/ --
LL Renaissance Limited (FRANKFURT: 47R) is pleased to announce on behalf of its wholly owned subsidiary, Protreadz Inc., the Worldwide Master Distributor of TekTire's tire analytics product developed by Taeros Ltd., that beta testing has recently been completed on the TekTire product… the revolutionary Tire Pressure Monitoring System (TPMS).
A predominate leader in the international transportation industry with 1,000 tractors, 2,100 trailers and over 700 employees have been using Taeros' basic telemetry service since 2007 and testing the new TekTire, TPMS system since January 2011. In the first three months of testing, they experienced 6 tire events whereby the TekTire product alerted their decision makers of a problem with one or more tires. They were able to avoid costly and time consuming roadside service, avoid any hazardous blowout situations and direct the driver to the nearest facility to repair the problem. There testing on one tractor trailer combination has saved thousands of dollars in reduced operating costs by averting roadside service, avoiding dispatch rescheduling, reducing downtime (time that truck is non-operational) therefore assuring on-time deliveries which in turn keeps customers satisfied.
About the Company:
LL Renaissance Limited (soon to be renamed Global Tire & Transportation Technologies Limited) is publicly traded on the Frankfurt Stock Exchange under the Symbol 47R. The Company is the Worldwide Master Distributor for TekTire products developed by Taeros Ltd. Also, through its wholly owned subsidiary Protreadz Inc. located in Ontario Canada the Company operates a commercial tire sales and service business and is currently in the process of making strategic acquisitions to gain additional market share in its trading region.
About Taeros Ltd.:
Taeros Ltd. has its research and development office in the "Communitech Hub", located in the Tannery in Kitchener, ON and is a product development company that has recently completed the development of the TekTire Tire Pressure Monitoring System (TPMS) that has completed its "in field" testing and is ready to market.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.
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SOURCE Protreadz Inc. & LL Renaissance Limited