2-Track Global Announces Execution of Commercial Contract with ChengHolin Technology in Taiwan.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 2-Track Global Inc (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :TOTG) announces agreement of a second contract with ChengHolin Technology in Taiwan for the further development of its personnel and asset tracking solution "pTrac". E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]2-Track Global Inc today announces it has executed a further commercial contract with ChengHolin Technology, a Taiwan based company involved in the design, manufacture and sale of telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the components. Under the terms of this contract, 2-Track and ChengHolin will further develop the personnel and asset tracking solution know as "pTrac" utilising 2-Tracks already proven "CONDOR" tracking and monitoring technology. This is a further development and extension of the existing pTrac solution to provide wider application and GSM (Global System for Mobile Communications) A digital cellular phone technology based on TDMA that is the predominant system in Europe, but also used worldwide. Developed in the 1980s, GSM was first deployed in seven European countries in 1992. capability. It will enable both owners and employers to track their assets and personnel locally and internationally and to better protect and safeguard their employees. E[acute accent]Mike Jung, President of 2-Track Global, said "I am extremely pleased to have concluded a further deal with ChengHolin Technology. In conjunction with ChengHolin we have already made significant developments of our CONDOR technology which is finding wider and wider application. This new development contract will not only bring more extensive tracking and monitoring solutions to the market place but also serves to cement an already strong commercial relationship with an experienced company in the telematics sector." E[acute accent]Mr Cheng, managing director of ChengHolin Technology, commented "We are very pleased to be extending and expanding our existing relationship with 2-Track. We have been very impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with 2-Tracks CONDOR technology and its application. We believe that it has wide application and this contract will develop the solution even further deliver greater functionality and GSM capability and innovative tracking solutions to customers looking to safeguard both assets and employees." E[acute accent]2-Track Global Inc (TOTG) is a technology development and marketing company which owns, operates and licences proprietary telematics solutions combining hardware and software applications run over wireless or satellite networks to deliver remote security management of marine and cargo fleets (including consumer solutions aimed at the leisure, marine and domestic security markets) and commercial vehicle plant and machinery management and security. The company has communications architecture technology which provides global logistics solutions for the remote monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a of freight containers over multiple transport mores. E[acute accent]This press release includes certain statements, known as "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ", which express the current expectations of 2-Track Global management. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect 2-Track Global Inc and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Unanticipated product manufacturing and delivery issues, customer order push-outs or cancellations and product performance could cause actual results to differ materially from those currently anticipated as expressed in this press release. These risks and other risk factors relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 2-Track Global Inc are described more fully in the most recent Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed by 2-Track Global Inc and other filings from time to time with the Securities and Exchange Commission. |
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