BOATRACS Appoints Scott T. Boden to the Board.SAN DIEGO--(BUSINESS WIRE)--Sept. 17, 1998--BOATRACS Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTRK) today reported that Scott T. Boden has been appointed to BOATRACS' Board of Directors. Boden is the founder and chief technology officer of Enerdyne Technologies Inc., a leader in video processing Video processing techniques are used in video codecs, video players and other devices. For example—commonly only design and video processing is different in TV sets of different manufactures. technology for military, ruggedized and commercial applications. Enerdyne, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BOATRACS, was acquired July 7, 1998. Michael Silverman, Chairman of BOATRACS, stated, "Mr. Boden's background in technology will be a tremendous asset to the Board and we enthusiastically welcome his appointment." BOATRACS, with headquarters in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. and offices in Santee, California, Gulfport, Mississippi and the Netherlands, is the distributor in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European marine markets, of the OmniTRACS System, a satellite-based communications and tracking system developed and manufactured by QUALCOMM Incorporated. The BOATRACS system provides two-way communications between vessels at sea or on inland waterways and base stations on land, or with other vessels, e-mail addresses and phone and fax numbers. It also allows for near real-time vessel tracking. BOATRACS currently has systems on vessels operating on both U.S. coasts, in Europe, Mexico, Canada, the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , and inland river and waterways. The BOATRACS software division develops customized, integrated marine business applications for use on the vessel and in the office. In addition, the company provides versatile, high performance digital video compression products to the government and commercial markets through Enerdyne Technologies Inc. Statements within this news release which are not historical facts, including statements about strategies and expectations for new and existing products, technologies, and opportunities, are forward-looking statements that involve risks and uncertainties. Risk factors are detailed in the company's Securities and Exchange Commission filings, particularly its Form 10-k Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended 12/31/97. |
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