Sense Technologies Approved for Nasdaq Smallcap Market Listing
26 June 2000
Sense Technologies Approved for Nasdaq Smallcap Market Listing
OMAHA, Neb. - Sense Technologies Inc. , a manufacturer and worldwide distributor of microwave safety products for the automotive industry, announced today that the Nasdaq Stock Market has approved its application for a listing on the Nasdaq Smallcap Market.The company's first day of trading is June 26, 2000.
Prior to the Nasdaq approval, Sense Technologies shares were trading on the over-the-counter bulletin board and will continue to be traded on the Canadian Venture Exchange under the symbol SSE.
"Being listed on Nasdaq is an important step for Sense as we move ahead with our patented microwave safety product for the automobile industry," said Gerry McIlhargey, President, Sense Technologies. "This is a major milestone for the company. A Nasdaq listing is an essential element of our long term plan for aggressive expansion."
Microwave System Detects Objects Behind Vehicle
Sense holds the exclusive license to manufacture the Guardian Alert(tm) Backup Warning System, a Doppler-sensing, FCC-approved, microwave-radar technology that alerts drivers to obstacles behind the vehicle when it is in reverse. Unlike other safety products on the market today, the Guardian Alert works in all adverse weather and light conditions, sending both an audio and visual warning inside the driver's compartment, to alert the driver to the presence of objects behind the vehicle.
"Sense is selling its products to some of the nation's major utilities and fleet transportation companies and has already begun discussions and testing of the company's products with major automobile Original Equipment Manufacturers (OEM)," McIlhargey continued.
Warning Devices Can Save Lives
Research conducted by the National Highway Traffic Safety Administration showed that an estimated 70 percent of rearward moving accidents could have been prevented with the use of a collision warning system.
Every year, approximately five hundred low speed back-up deaths occur when the driver fails to see a person or child behind their vehicle. According to a recent study by the National Center for Health Statistics, children ages 1 to 4 are particularly at risk and account for 30 percent of those killed in back-up accidents, although they represent only six percent of the total population.
Visual and Audible Warnings To Drivers
The Guardian Alert uses microwave technology to detect obstacles behind a moving target. When there is an object behind the vehicle, a frequency shift occurs, activating both a visual and audible indicator in the driver's compartment.
The interior indicator, which features three LED lights and a speaker, can be installed in any location within the driver's compartment with access to the automotive electrical system. A green light indicates the unit is on and functioning, flashing yellow and an intermittent beep indicates a person or object is within 12 feet. Flashing red and a more frequent beep indicates an obstacle within six feet and solid red with a continuous beep indicates an obstacle is within three feet of the vehicle. The detection zone extends eight feet across the width of the vehicle and six feet high.
