BOATRACS sponsors first annual Users Conference.SAN DIEGO--(BUSINESS WIRE)--Feb. 18, 1997--BOATRACS Inc. (BB:BTRK) held its first annual Users Conference on Dec. 4 at the International WorkBoat work·boat n. A boat used for work rather than for recreation, transportation, or military purposes. Show in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded . Those in attendance included managers from Hollywood Marine, Tidewater tidewater, in U.S. history, that part of the Atlantic coastal plain between the shoreline and the farthest upstream points in rivers reached by oceanic tides. In many cases the fall line is given as the western boundary. Marine, MEMCO, Kirby Marine and National Marine, among others. BOATRACS held the conference to solicit customer input, update customers on new products and talk about the future of communications in the marine industry. Attendees discussed how they were utilizing BOATRACS' Communications and Vessel Tracking System and how they were benefiting from it. Many customers who had tried other systems, including both cellular and single sideband The upper or lower sideband of a carrier frequency that is amplitude modulated. To save power, the carrier and one of the sidebands is eliminated, leaving only a single sideband for transmission. Single sideband is used mostly in amateur radio (ham radio). See sideband. , took this opportunity to express their frustration with the lack of reliability and general problems with data collection they experienced with those methods. With BOATRACS, the users explained how they have improved the overall accuracy of communications, eliminated paper transactions, expedited payments and greatly increased office efficiency, all with a system that the captains love. Other discussions centered on the availability of timely, accurate information on vessel positions that allow users to provide more current information to their customers. In fact, one of the guests recently announced a Web page featuring a direct feed from BOATRACS providing real-time vessel positions for its visitors. Most notably, customers talked about how the BOATRACS system has allowed them to reduce expenses. One customer cited an 80 percent reduction in marine operators' costs, resulting in a $96,000 savings for the year. Another customer said he had reduced his billing cycle Billing cycle The time elapsed between billing periods for goods sold or services rendered. from 45 to two days using the BOATRACS communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . ``We listened closely to our customers' feedback and ideas,'' said BOATRACS Chairman and Chief Executive Officer Michael Silverman. ``We were very encouraged by their satisfaction level of our current products, and we look forward to developing additional services to meet their needs.'' 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. , is the exclusive distributor in the U.S. marine market of the OmniTRACS System, 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 the inland river- and waterways, and in Canada. In addition, BOATRACS has letters of understanding with QUALCOMM distributors in Mexico, Europe and Canada. Statements within this news release that 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 Schultz Batstone, 619/236-1332, ext. 231 |
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