Celadon Group, Incorporated and QUALCOMM to Advance Untethered Trailer Asset Management Technology.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--Oct. 10, 2003 -- Celadon celadon Chinese, Korean, Siamese, and Japanese stoneware decorated with glazes the colour range of which includes greens of various shades, olive, blue, and gray. The colours are the result of a wash of slip (liquefied clay) containing a high proportion of iron that is Joins Other Industry-Leading Truckload Carriers in QUALCOMM Consortium -- Celadon Group, Incorporated (Nasdaq: CLDN CLDN Calling Line Directory Number CLDN Claudin (gene family) ), one of the transportation industry's leading truckload carriers, and QUALCOMM Incorporated (Nasdaq: QCOM QCOM Qualcomm, Inc. (stock symbol) ), the leader in mobile communications for the transportation industry, today announced that Celadon has signed on to participate in QUALCOMM's newly created untethered Unattached to any data or power source by wire or fiber; in other words: wireless. Contrast with tethered. trailer tracking The term trailer tracking refers to the concept of tracking the position of an articulated vehicle’s trailer unit. This position is determined through a tracking device fitted to the trailer. management consortium. Celadon will work with QUALCOMM to further the development of untethered trailer asset management technology for the transportation and logistics industry. Celadon, the leading freight transportation carrier from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to Canada and Mexico, joins the consortium as one of the founding members. Celadon is committed to supporting technological innovations that can improve our business operations through increased cargo security and cost savings per load," said Steve Russell, chief executive officer, Celadon Group. "This consortium provides us with an opportunity to help shape the next generation of untethered trailer tracking technology." The QUALCOMM Consortium will consist of executives from a select number of leading companies in the transportation industry. This group will provide direction into how QUALCOMM's untethered trailer tracking product will be implemented in the market. A Product Direction Council has been chartered to help provide feedback to QUALCOMM about product features for the untethered trailer tracking product. The council will consist of consortium members, who will be permanent members, and non-consortium members whose membership will rotate periodically. Product Direction Council members will be able to participate in beta product testing. "QUALCOMM welcomes Celadon as a founding member of our untethered trailer tracking consortium," said Chris Wolfe, president of QUALCOMM Wireless Business Solutions. "By joining this consortium, Celadon is demonstrating its commitment to developing and implementing a significant new technology that can help carriers realize increased cargo security and cost savings." QUALCOMM is currently in discussions with other leading transportation and logistics providers regarding participation in the company's untethered trailer tracking system consortium. QUALCOMM is the industry's global leader in providing high-value wireless data solutions with a Network Management Center that processes more than seven million transactions each day. The Company has shipped over 480,000 mobile communications systems to businesses in more than 39 countries on four continents. QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. digital technology. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2003 FORTUNE 500(R) company traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (R) under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors QCOM. Celadon Group, one of the ten largest truckload carriers in the U.S., with operations in Canada and Mexico, operates over 2,600 tractors and 7,000 trailers. With offices in all three countries, Celadon clients are able to track their load in any of the three countries, as it is being moved by power units. Celadon has over 20 offices throughout North America and is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , trading on NASDAQ, under the symbol CLDN. Celadon has been a leader in many developmental areas in transportation. In 1985, Celadon started as the first carrier to allow trailers into Mexico, was one of the first trucking companies to become ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certified, was the first company with web-tracking in all three countries, and was one of the first companies to adopt satellite tracking. Celadon also pioneered the business-to-business operation in the U.S. trucking industry, with the creation of TruckersB2B.com, which is a provider of cost benefits to over 15,000 member fleets. Please visit the company's websites at: http://www.celadontrucking.com/ and http://www.truckersb2b.com/ |
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