September 1, 2015
SST Wireless Inc. is a Vernon, B.C. based technology company that helps businesses increase safety while reducing operational downtime by providing critical real-time measurements related to heat and pressure for vehicles and equipment, wirelessly. SST designs and produces a complete solution including wireless sensors, communications modules, repeaters, software and tools. SST Wireless through partnerships has deployed its tire pressure monitoring system (TPMS) for massive haul trucks used in many of the world`s largest mines and has developed a commercial version for transit buses. SST continues to engineer solutions with far reaching application for industries including biomass, printing, lubrication, storage, transportation and manufacturing.
The success of SST is the result of extensive development and testing in real world conditions which can be extreme as those found in mines, mills and urban streets. The company is ready to expand and with SIDIT support the company will continue to commercialize its products to customers in North America and globally.
"We are pleased to support this Vernon based company situated in the Southern Interior that has a North American and global impact," states Grace McGregor, SIDIT Chairman of the Board. "SIDIT's funding will enable SST Wireless to continue to grow with ongoing research and development and commercialization of products, enabling the company to give future consideration to opening a manufacturing plant in the Okanagan Valley."
"SIDIT has been instrumental in helping us achieve our goals. Without the continued support we received, we simply would not be where we are today. We are very grateful for the financial support and guidance of the Southern Interior Development Initiative Trust," says Christopher Chong, President and CEO of SST. "We also share SIDIT's vision of growing the technology sector in the region and look forward to benefiting from the skilled resources and infrastructure available to us."
From BC Trade & Invest: "British Columbia is rich in natural resources and has 150 years of solid mining history. In 2011 alone, the province produced over $8 billion worth of mine products, including coal, copper, gold, zinc, molybdenum, silver, lead, aggregates, industrial minerals and other mining products. STT Wireless President and CEO Christopher Chong discusses British Columbia's diversity of opportunity in the mining industry."
About the Southern Interior Development Initiative Trust
The Southern Interior Development Initiative Trust was created by an Act of the BC Legislature in 2006. SIDIT received a one-time allocation of $50 million designated for strategic investments in sustainable economic development initiatives throughout the southern interior of British Columbia. The Southern Interior Development Initiative Trust Act mandates investment in ten areas of the economy. These areas include Energy, Forestry, Mining, Olympic Opportunities, Agriculture, Transportation, Small Business, Tourism, Pine Beetle Recovery, and Economic Development. SIDIT is managed by an independent Board of Directors comprised of thirteen members - eight elected officials and five provincial appointees from the SIDIT Region. SIDIT is focused on supporting economic development initiatives that will demonstrate long term measurable economic impact within the Southern Interior.
A full overview of SIDIT can be found at www.sidit-bc.ca
For further information contact:
Luanne Chore, CEO
Southern Interior Development Initiative Trust