CalAmp Selected to Provide Key Component for GE Security's New Fleet Tracking Service.OXNARD, Calif. & BRADENTON, Fla. -- CalAmp Corp. (Nasdaq:CAMP), a leading provider of wireless products and engineering services, and GE Security, Inc., a wholly-owned indirect subsidiary of the General Electric Company (NYSE NYSE See: New York Stock Exchange :GE), today announced that CalAmp will provide a key system component for GE Security's new mobile resources management service, NavLogix[TM]. CalAmp's product shipments are expected to commence this month in support of GE Security's roll-out of its fleet tracking service to medium and large-sized enterprises. As part of the agreement, CalAmp will provide GE Security with its GPS-based Location Messaging Unit, the LMU-4000. The LMU-4000 features leading-edge technology in an affordable location device, with the configurability and flexibility to adapt to changing customer requirements. CalAmp's LMU-4000 enables NavLogix to meet a wide range of fleet requirements including vehicle tracking, advanced input/output controls input/output control (I/O control), n the portion of the central processor of some computer systems that contains software/firmware for supervising data flow between memory and the input/output devices connected to the CPU. , and integration with on-board On board usually means to be traveling on some vehicle. For example, Baby On Board. Compare with overboard. Metaphorically, the term on-board is often used to refer to some piece of technology that is integrated in a moving vehicle, for example: "We are pleased to have been selected to supply our award winning LMU-4000 as GE Security commercializes its new fleet tracking service," said Fred Sturm, President and Chief Executive Officer of CalAmp. "Businesses with fleets of vehicles have become increasingly focused on optimizing the productivity of their assets in the field. CalAmp's mobile resource management products help enable vehicle tracking services such as GE's NavLogix. This is a market that we believe has significant growth potential as enterprise customers look to more efficiently manage their mobile workforce. We look forward to a long and mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship with GE Security." "CalAmp is an important partner as GE Security rolls out its new mobile resources management service," said David Nark, Program Leader for the NavLogix offering with GE Security. "Flexibility, reliability, and maintainability were key drivers in our decision to use the LMU-4000. Other tracking units tested didn't match the LMU's dependability dependability - software reliability and configurability. We have confidence in the device because the LMU LMU Ludwig Maximilians Universität (München) LMU Loyola Marymount University LMU Leeds Metropolitan University (UK) LMU Lincoln Memorial University LMU Location Measurement Unit is installed in over 1,000 GE vehicles." About CalAmp Corp. CalAmp is a leading provider of wireless equipment and software that enable anytime/anywhere access to critical information, data and entertainment content. With comprehensive capabilities ranging from product design and development through volume production, CalAmp delivers cost-effective high quality solutions to a broad array of customers and end markets. CalAmp is the leading supplier of Direct Broadcast Satellite (DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. ) outdoor customer premise equipment to the U.S. satellite television market. CalAmp also provides wireless connectivity solutions for the telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. and asset tracking markets, private wireless networks, public safety communications and critical infrastructure and process control applications. For additional information, please visit CalAmp's website at www.calamp.com. About GE Security GE Security, a wholly-owned indirect subsidiary of the General Electric Company (NYSE:GE), is a leading supplier of security and life safety technologies, with operations in more than 35 countries and $2 billion in annual sales. GE Security offers one of the industry's broadest product portfolios, covering explosives and narcotics narcotics n. 1) techinically, drugs which dull the senses. 2) a popular generic term for drugs which cannot be legally possessed, sold, or transported except for medicinal uses for which a physician or dentist's prescription is required. detection, intrusion and access control, video surveillance, key management, and fire detection. GE Security's products are used to protect people and property across a wide range of industries, including aviation, law enforcement, banking, education, healthcare, mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a , and retail. For additional information, please visit www.gesecurity.com. GE Security, making the world safer. 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. Statements in this press release that are not historical in nature are forward-looking statements, which involve known and unknown risks and uncertainties. Words such as "may", "will", "expect", "intend", "plan", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", and variations of these words and similar expressions, are intended to identify forward-looking statements. Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including general and industry economic conditions, competition, development factors, operating costs operating costs npl → gastos mpl operacionales , CalAmp's ability to efficiently and cost-effectively integrate its acquired businesses, and other risks and uncertainties that are detailed from time to time in CalAmp's filings with the Securities and Exchange Commission. Although CalAmp management believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be attained. CalAmp undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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