@Track Communications Forms Strategic Alliance With Lockheed Martin to Enhance Its Business Solutions for Transportation Industry.Business Editors & High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. Writers RICHARDSON, Texas--(BUSINESS WIRE)--April 27, 2000 @Track Communications, Inc. (Nasdaq:ATRK), a leading provider of wireless-based vehicle fleet management and intelligent mobile asset-tracking solutions to commercial trucking and service vehicle fleets, today announced that @Track and Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. Integrated Business Solutions (IBS IBS Irritable bowel syndrome, see there ) have formed a strategic alliance that will enable them to enhance their integrated mobile communications solutions to the transportation marketplace. Lockheed Martin, rated as the number one Federal Systems Integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. and one of the top four in e-business systems integration and IT outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , will leverage its historic strengths in systems engineering, back-office integration and project management in this new alliance. With over $1.7 billion in transportation contracts, Lockheed Martin will also be drawing on its extensive experience in the transportation field gained in engagements for commercial vehicle operations, such as PrePass and GatePass, as well as its record of mission success for intelligent transportation systems. "This alliance signifies an important milestone for @Track as we execute our broadened company vision and technology focus," said Todd Todd , Sir Alexander Robertus 1907-1997. British chemist. He won a 1957 Nobel Prize for his study of nucleic acids and nucleotide structures. Felker, senior vice president of sales and marketing for @Track Communications. "We believe that Lockheed Martin provides us unparalleled strength and resources in delivering our state-of-the-art products and services for wireless vehicle logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet and intelligent mobile asset tracking." "We believe that the alliance we are announcing today is the ideal combination of @Track's industry-leading technology and the unrivaled reputation of Lockheed Martin for implementation of complex mission-critical systems," commented Walt Wilson, vice president of marketing for IBS. "Together, we expect to bring the benefits of technology to our transportation customers, while reducing their risk and minimizing time to market." @Track provides intelligent wireless mobile communications, emergency dispatch A dispatch or dispatches can refer to:
Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. (GPS) satellite location capabilities for vehicle fleet management. The company's mobile asset product, TrackWare(TM), combines the technologies of GPS and wireless control channel messaging to track mobile assets. Integrated Business Solutions Company, headquartered in Orlando, Fla., is the commercial IT services arm of Lockheed Martin Corporation. IBS is an international IT services provider that partners with customers for outsourcing, eBusiness solutions, enterprise systems integration and technology training solutions. Lockheed Martin is a global enterprise, principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. For more information about Integrated Business Solutions, visit their web site at http://www.ibs-lmco.com. Legal notice to investors: Certain matters discussed in this press release are "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. " intended to qualify for the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from liability established by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "expects," "anticipates" or words of similar import. Similarly, statements that describe the Company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements generally involve known and unknown risks, uncertainties and other facts which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: ability to evolve products and services for additional market segments, availability of capital for expansion and implementation of technology plan; ability to execute technology plan, general economic and business conditions; competition; ability to maintain margins; advertising and promotional efforts; acceptance of new product offerings; success of operating initiatives; development and operating costs operating costs npl → gastos mpl operacionales ; market conditions; changes in business strategy or development plans; availability of qualified personnel. For a listing of risks applicable to the future prospects of the Company, please refer to the reports filed with the SEC, such as recent 10-K and 10-Q Reports. All trademarks, trade names, service marks and logos referenced herein belong to their respective companies. @Track Communications(TM) is a trademark of @Track Communications, Inc. TrackWare(TM) is a trademark of @Track Communications, Inc. NOTE: In the company name, @Track Communications, there is an "at" symbol. It may not appear properly in some systems. |
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