DecisionLink and ORBCOMM Launch Vendor Managed Inventory Solution for Major Chemical Company.Business Editors LAS VEGAS--(BUSINESS WIRE)--May 7, 2001 DecisionLink Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DLNK DLNK Digital Link DLNK Destination Link ), through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Intrex 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. Corp., today announced that it has signed an agreement with a major chemical company to provide satellite communications services and hardware that will allow this company to offer a Vendor Managed Inventory Vendor Managed Inventory (VMI) is a family of business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's (VMI VMI Virginia Military Institute VMI Vendor Managed Inventory VMI Vertical Motion Index VMI Valtakunnan Metsien Inventointi (Finnish: National Forest Inventory) VMI Video Module Interface ) solution to its key customers using the ORBCOMM satellite network for data transmission. VMI allows vendors to provide a higher level of customer service by enabling them to gain a better understanding of their customers' usage patterns, thereby improving the precision of shipment scheduling and optimizing forecasting for production and purchasing. Inventory at the customer site is remotely monitored on a regular basis, and shipments are scheduled based on actual rather than historical usage. The data is presented to the customer on a private Web site and offers a number of benefits to both the vendor and customer, such as making bill reconciliation a more efficient process, lowering administrative and labor costs, eliminating emergency shipments and reducing the amount of inventory in the supply chain. Gary Deger, VP Sales and Marketing for DecisionLink, said, "This contract should bring a revenue stream in the next several months that will grow as more customers and tanks are added to the system. The agreement covers customer sites in about 40 countries around the world. DecisionLink's wireless VMI solution, working in conjunction with our customers' data base, will deliver vital inventory data to end users worldwide through ORBCOMM's proven network. DecisionLink's solution will enable suppliers to simultaneously lower costs and increase customer service." "We are pleased to be working with DecisionLink to provide vendors in the chemical service industry with an effective monitoring solution to economically manage their customers' tank inventories even in the most remote locations," said Don Franco, director of ORBCOMM. "Using the ORBCOMM network, vendors can automate the supply chain with timely, accurate inventory data shared with their customers, eliminating guesswork and facilitating accurate production forecasts, as well as reducing costs throughout the supply chain." DecisionLink's communications group has developed a wide range of products for monitoring of propane propane, CH3CH2CH3, colorless, gaseous alkane. It is readily liquefied by compression and cooling. It melts at −189.9°C; and boils at −42.2°C;. and fuel oil tank levels, pipeline compressors, and many other multi-user remote asset monitoring applications for low-cost volume use of satellite communication pathways and the Internet. DecisionLink's environmental group has introduced small, low-cost sensor and communication products that use satellite communications and the Internet as the backbone for data transfer and control in the pipeline leak detection, aboveground storage tank monitoring, oil production, water quality monitoring and industrial wastewater compliance monitoring and control markets. For more on DecisionLink, visit www.decisionlinkinc.com. ORBCOMM provides two-way monitoring, tracking and messaging services through the world's first commercial low-earth orbit See LEO. (LEO) satellite-based data communication system. ORBCOMM applications include tracking mobile assets such as trailers, containers, locomotives, rail cars, heavy equipment, fishing vessels Customary International Law provides that coastal fishing boats and small boats engaged in trade, as distinguished from seagoing fishing boats and large traders, are immune from attack and seizure during war. This Immunity is lost if fishing vessels take part in the hostilities. , barges and government assets; monitoring fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → such as electric utility meters, oil and gas storage tanks, wells and pipelines and environmental projects; and messaging services for consumers and commercial and government entities. This release includes 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. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc DecisionLink's operations that are based on Management's and third parties' current expectations, estimates and projections. These statements include: benefits to suppliers and customers, the addition of DecisionLink's VMI solution to the major chemical company's system enabling suppliers to simultaneously lower costs and increase customer service, and the expected revenue stream to DecisionLink. These statements are not guarantees of future performance and actual results could differ materially. These statements involve risks and uncertainties including, but not limited to, the timely development and acceptance of new products and services, the ability to manufacture new products in commercial quantities at reasonable cost, the impact of competitive products and pricing, final promulgation PROMULGATION. The order given to cause a law to be executed, and to make it public it differs from publication. (q.v.) 1 Bl. Com. 45; Stat. 6 H. VI., c. 4. 2. and enforcement of regulations, the timely funding of customer's projects, the ability to generate sufficient working capital from operations and/or attract investment or place debt in sufficient amounts to fund the financial obligations of the company's business model and other risks detailed from time to time in the company's SEC reports. 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 over time. |
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