Amtech to participate in joint study of Japanese Electronic Toll Collection (ETC) system.DALLAS--(BUSINESS WIRE)--June 20, 1995--Amtech Corporation (NASDAQ-AMTC) announced today that it has been selected, as part of a consortium with Mitsubishi Corporation Mitsubishi Corporation (三菱商事株式会社 , Nippon Telegraph and Telephone Nippon Telegraph and Telephone Corporation (日本電信電話株式会社 Corporation (NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform ), and Yazaki Corporation, to participate in a joint study of electronic toll collection Electronic Toll Collection (ETC), an adaptation of military "identification friend or foe" technology, aims to eliminate the delay on toll roads. It is a technological implementation of a road pricing concept. systems with the Japanese government's Ministry of Construction and four regional Japanese public highway corporations. Mitsubishi Corporation, which will act as the consortium leader, has been Amtech's distributor in Asia since 1988. The purpose of the study is to jointly collect the technical information necessary to define the specification of a non-stop electronic toll collection system for Japan. Implementation of non-stop electronic toll collection is expected to occur in 1997. Nine other parties or consortia will also participate in this phase of the process, which will include technical work on radio frequency issues and field testing of various technology solutions for electronic toll collection. The exact content of the joint study is under discussion with the Ministry and the four public highway companies. Amtech president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. G. Russell Mortenson said, ``We are very pleased to be selected for participation in the joint study. Our consortium partners each bring significant added expertise and experience to the effort, including broad telecommunications network systems integration experience and in-vehicle device integration expertise. Amtech is already an industry leader in the Asia-Pacific region, with large-scale electronic toll collection systems using Amtech's proven technology already in place in Hong Kong and now in installation in Bangkok. We have also recently announced the formation of a new joint venture in the People's Republic of China.'' The study is expected to take approximately 10 months to complete, after which national specifications for electronic toll collection will be prepared for procurement of operating systems by the highway companies. Amtech Corporation designs, manufactures, markets and supports a line of hardware and software products and provides services utilizing radio frequency technology. The Company uses radio frequency identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) technology for remote identification and communication with vehicles, intermodal containers, and other transportation equipment through the use of radio signals. Other RFID products include low frequency electronic security systems for hands-free personnel access control, as well as hospital security systems to help prevent infant abduction Abduction Balfour, David expecting inheritance, kidnapped by uncle. [Br. Lit.: Kidnapped] Bertram, Henry kidnapped at age five; taken from Scotland. [Br. Lit. and provide reliable caring protection for wandering patients. Amtech is expanding its product line into the radio frequency data collection (RF/DC RF/DC Radio Frequency / Data Communication ) market for transportation and logistics applications through an investment in WaveLinkTechnologies, Inc. of Ontario, Canada. Amtech products are currently marketed to commercial, industrial, government, hospital, Intelligent Transportation Systems (ITS), intermodal, rail, air freight, vehicle fleet management, access control and security industries. CONTACT: Amtech Corporation, Dallas Beverly V. Fuortes, 214/733-6059 |
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