2-Track Global Inc Retained by Cheng Holin Technologies to Develop Firmware Products.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 (TOTG) today announced it had secured a contract with Cheng Holin Technologies for the design and commercialisation of the company's firmware A category of memory chips that hold their content without electrical power. Firmware includes flash, ROM, PROM, EPROM and EEPROM technologies. When holding program instructions, firmware can be thought of as "hard software." See flash memory, ROM, PROM, EPROM, EEPROM and FOTA. for the next generation i-Trac products. 2-Track is already in close co-operation with Cheng Holin and the contract strengthens commercial relations between the two companies. Under the terms of the arrangement, 2-Track repaid a development fee and will share the IP (Intellectual Property). Mike Jung, President of 2-Track Global, commented "This is an important development for the company as it is recognition by third parties of the strengths we have in developing niche products. This agreement is important as not only will the company be paid for the development but it will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the company to co own the Intellectual Property. Sales should be boosted by the enhanced functionality of the products as this will be the next generation. Mr Chen Hsiang Chen of Cheng Holin Technologies commented "This contract underlines the strength of the commercial relationship we now have with 2-Track Global Inc, one which we envisage en·vis·age tr.v. en·vis·aged, en·vis·ag·ing, en·vis·ag·es 1. To conceive an image or a picture of, especially as a future possibility: envisaged a world at peace. 2. being in force for many years to come. This is the first occasion on which we have contracted with them to provide direct services to us and we are extremely pleased with the professionalism and quality of the work and service that they provide. The enhancements to the i-Trac product should lead to increased sales and will help enforce our drive to be a leader in the field with enhanced products". 2-Track Global Inc (TOTG) is a technology development and marketing company which owns, operates and licences proprietary 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 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. 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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