Celtron Capitalizes on New Generation Cellular Technology.Business Editors/High-Tech Writers MIDRAND, South Africa--(BUSINESS WIRE)--Feb. 18, 2003 Celtron International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLTR CLTR China Liver Transplant Registry CLTR CPPU (Constant Pressure Power Uprate) Licensing Topical Report (nuclear) ) announced today that it has successfully concluded its first field tests on its New Generation Vehicle Tracking System utilizing new developments in the GSM Cellular environment. "The ongoing developments in cellular technologies -- and more specifically GSM cellular -- continue to create new business opportunities," said Allen Harington, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Celtron International Inc. "The most recent developments, being General Packet Radio Services (GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. ), create a platform that will forever change the perspective of remote vehicle tracking, monitoring and management," he added. GPRS enabled networks offer 'live-online,' higher capacity, Internet-based content and packet-based data services. This enables services such as color Internet browsing, e-mail on the move, powerful visual communications, multimedia messages and location-based services See mobile positioning. . "We will now continue with our test program with Daimler Chrysler (South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. ) for the integration of our system into the onboard computer systems of trucks and passenger vehicles," said Mr. Harington. "According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Sydney Darrier of Daimler Chrysler (South Africa), this development is very exciting and creates massive opportunities for their company to increase their service levels to their clients," he added. Essentially this integration will have the effect that a company such as Daimler will have remote, online diagnostic access to the operating parameters of a vehicle in question, with the advantage of having instantaneous advance warning of possible mechanical failure. "Our new product design also allows for the attachment of peripheral devices through standard connection protocols to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the full spectrum of this exciting new mobile data platform," said Mr. Harington. "Our end-users will, for instance, end up with a remotely managed tracking system that offer in-car navigation, Internet applications you are used to on your desktop -- from web browsing, e-mail to chat -- and a high speed data communicator over the mobile network. The possibilities are endless," he added. The product will be launched to coincide with the opening of the UK subsidiary, which is earmarked for later this year. Celtron's platform technology is a flexible, mobile-cellular data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. device, coupled with a proprietary software system and integrated management services for the system. This technology is currently being integrated with GPS and applied in a sophisticated automated vehicle-tracking, management and recovery system offering a flexible, interactive real-time solution to the total vehicle market, ranging from heavy commercial fleet-based vehicles, light commercial vehicles, to passenger vehicles. This suite of vehicle-tracking products and services, consist of the "Buddi-Track," "Mobi-Track" and the software management system "Travel Partner." This press release contains statements that may constitute "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. " within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of Celtron International Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. For further information, contact Allen Harington, Company President, at (011) 27 11 652-6350 |
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