BOATRACS signs contract with MEMCO; Integrated communications a top priority.SAN DIEGO--(BUSINESS WIRE)--July 16, 1996--BOATRACS Inc. (Bulletin Board:BTRK) Tuesday announced that Marine Equipment Management Co. (MEMCO) of Chesterfield, Mo., has signed a contract to purchase and equip its entire fleet with BOATRACS' satellite-based marine communications and tracking systems. MEMCO is a rapidly growing, fully integrated marine transportation company. Based on its need to increase office efficiencies, MEMCO decided to equip its fleet with the BOATRACS system to integrate data collection and communication between the corporate offices and the boats. With the addition of BOATRACS, MEMCO now has the ability to communicate with 100 percent reliability from the corporate offices in Chesterfield, Cape Girardeau Cape Girardeau (jĭrär`dō, jērərdō`), city (1990 pop. 61,633), Cape Girardeau co., SE Mo., overlooking the Mississippi River; founded 1793, inc. as a city 1843. , Mo., or Belle Chasse chas·sé n. A ballet movement consisting of one or more quick gliding steps with the same foot always leading. intr.v. chas·séd, chas·sé·ing, chas·sés To perform this movement. , La., to any or all of their boats. MEMCO's vessels operate on the Upper and Lower Mississippi River
Major river, eastern central U.S. Formed by the confluence of the Allegheny and Monongahela rivers, it flows northwest out of Pennsylvania, and west and southwest to form the state boundaries of Ohio–West Virginia, Ohio-Kentucky, Indiana-Kentucky, and , the Tennessee River, the Tennessee-Tom Bigbee Waterway, the Arkansas River, the Yazoo River, and the Gulf Intracoastal Waterway Gulf Intracoastal Waterway System of inland waterways, including rivers and canals, along the U.S. coast of the Gulf of Mexico. It extends from Apalachee Bay, Fla., west to the Mexican border at Brownsville, Texas, a distance of more than 1,100 mi (1,770 km). . MEMCO's customers will benefit by receiving Estimated Time of Arrival For other uses, see ETA (disambiguation) The estimated time of arrival or ETA is a measure of when a vehicle, aircraft, cargo, emergency service, or computer file is expected to arrive at a certain place. (ETA), hourly position updates and other necessary information on a more timely basis. "We are excited to welcome MEMCO as our newest customer," said Steve Picazio, vice president, regional sales. "As MEMCO grows, BOATRACS will provide updates and enhancements which will provide even greater efficiencies and benefits to their customers." BOATRACS, with headquarters in San Diego, is the distributor in the U.S. marine market of the OmniTRACS Systems, a satellite-based communications and tracking system developed and manufactured by QUALCOMM Inc. The system provides two-way communications between vessels at sea and base stations on land, or with other vessels. It also allows for real-time tracking and monitoring. BOATRACS currently has systems on vessels operating on both U.S. coasts, 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 in Canada. In addition, BOATRACS has Letters of Understanding with QUALCOMM distributors in Mexico, Europe and Canada. 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 Dec. 31, 1995. CONTACT: BOATRACS Inc., San Diego Joleen M. Schultz, 619/236-1332 ext. 231 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion