An agreement is reached by the insurance company Lombard Canada, Lussier Insurance Firm and Kolombo’s Canadian distributor, Detroit Diesel-Allison
MONTREAL, April 26 2007 – Kolombo Technologies Ltd (“Kolombo” or the “Company”) (TSXV: KOL) is pleased to announce that members of the Association nationale des camionneurs artisans (ANCAI) can now benefit from significant insurance premium discounts by using Kolombo’s protection systems. This advantageous offer for members of ANCAI, an association which brings together vehicle fleets with a total of 10,000 units among them, follows an agreement reached with the insurance company Lombard Canada, Lussier Insurance Firm and Financial Service, as well as Kolombo’s exclusive Canadian distributor, Detroit Diesel-Allison Canada East.
As part of this agreement, equipment protected by Kolombo’s systems will benefit from the following advantages:
- No deductibe in case of theft;
- Five year new replacement value on heavy equipment (entrepreneur equipment);
- A discount of up to 15% on premiums for heavy machinery and up to 25% for vehicles (applicable section of the automobile policie).
In addition, a 10 % rebate will be offered to ANCAI members on the purchase price of all Kolombo Technologies’ systems.
“We are very pleased that our members can benefit from the advantages of such an agreement. Kolombo’s systems are the only systems on the market that, at the same time, provide protection for the tractor, trailer and merchandise. With this technology, our members can have peace of mind about the security of their equipment and the merchandise entrusted to them to deliver. They can also take advantage of major reductions on insurance costs. We are always on the lookout for new initiatives and innovations that can help our members in their work and Kolombo’s systems clearly achieve this objective,” said Mr. Cl�ment B�langer, President of ANCAI.
“We are very proud that our systems are available to ANCAI’s members on such favorable terms. For us, this is a great vote of confidence in our technology. For Kolombo, this agreement also offers major commercial potential since ANCAI brings together vehicle fleets totalling 10,000 units. This agreement could also provide the Company with leverage to make other significant commercial breakthroughs elsewhere in Canada in the near future,” said Mr. Martin Arsenault, President and Chief Executive Officer of Kolombo.
About Kolombo (www.systemekolombo.com)
Kolombo was founded in Quebec City in 2000 and is listed on the TSX Venture Exchange (TSX-V: KOL). The Company is focusing its activities on the research, technological development and commercialization of vehicle management, protection and anti-theft systems, in particular for heavy machinery, trailers and commercial merchandise.
Distribution of Kolombo’s products is ensured by Detroit Diesel Allison Canada East, a major distributor of engines and transmissions for trucks and heavy machinery and a member of the Wheeltime network, which has 225 branches in North America (www.ddace.com). Installation of Kolombo’s products is provided by Ajilon, a subsidiary of Adecco, a world leader in the communications and project management industry with 6,600 offices in 70 countries (www.systemekolombo.com).