GenRad Selected by Iveco Trucks to Supply Portable Diagnostic Systems.WESTFORD, Mass.--(BUSINESS WIRE)--June 2, 1999-- GenRad, Inc. (NYSE NYSE See: New York Stock Exchange :GEN) today announced that its Advanced Diagnostic Solutions (ADS) business unit in Stockport, UK has been selected by Eltrac in Turin, Italy, to supply Iveco with a suite of GDS GDS Global Distribution System GDS Google Desktop Search (Google) GDS Goodie Domain Service (Vienna University of Technology, Austria) GDS Guards 3500 diagnostic systems. The initial order will be for multiple units and will be in excess of $3.5 million. Initial deployment is scheduled for the fourth quarter of 1999. The GDS3500 is a PC based service tool that is both portable and robust, and is ideal for deployment in the service bay or on the road. The diagnostic system has both an integral touchscreen and a detachable keyboard for greater flexibility and ease of use. The GDS3500 will provide Iveco with hardware and an operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. running Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. . GenRad will work in conjunction with Eltrac to develop the GDS3500's VCL VCL - Visual Component Library (Vehicle Communications Link) capability for Iveco trucks. Additionally, GenRad will supply the worldwide support for the new system. Eltrac's project director, Silvano Appiano, commented, "GenRad will be working in partnership with Eltrac to provide a complete diagnostic solution. This will involve the combination of Eltrac's working knowledge of Iveco's existing systems and the diagnostic and technological expertise that GenRad has already gained within the truck market. With this new diagnostic system, Iveco intends to rapidly increase the diagnostic capabilities in all of its service bays around the world and to further enhance its high-quality service to Iveco customers." Peter Miles Peter Miles is a British actor. He has played many television roles including several different characters in Z-Cars and Doctor Who. His other television work has included Survivors, The Sweeney, Dixon of Dock Green, Moonbase 3 , Vice President and Director of Business Development for GenRad ADS, added, "This is a further move towards establishing GenRad as the de-facto standard for truck diagnostics. Our success is built on the success of our customers and we look forward to continuing this process in Europe and the United States." Iveco Background Iveco, a Pan-European Company owned by the Fiat Group, manufactures a complete range of commercial vehicles, as well as vehicles for defense, civil protection and fire fighting. Iveco is also a premier manufacturer of diesel engines and in joint venture with Renault Vehicules Industriel has a leading position within the European market. Its product range is sold and serviced through a worldwide distribution network of dealerships and service points. With a very strong position in Europe, Iveco is engaged deeply in its globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation process, which is already very strong in China, India and Mercosur. As a global player, Iveco is also present in over 100 countries. Iveco's website address is http://www.iveco.com. GenRad Advanced Diagnostic Solutions (ADS) Background Advanced Diagnostic Solutions, headquartered in Stockport, England, is a leading global diagnostic and information solutions provider, specializing in the support of complex vehicle systems throughout their lifecycle from design to service. GenRad Background GenRad, Inc. provides electronics OEMs and their customers with the hardware, software and services to increase productivity by optimizing product design, manufacturing and after-market service. GenRad, headquartered in Westford, MA, offers products and services through three business units: Advanced Diagnostic Solutions (ADS), Electronic Manufacturing Solutions (EMS), and GR Software (GRS GRS Graduate School (universities) GRS Great Red Spot (feature of Jupiter) GRS Gender Reassignment Surgery GRS Gamma Ray Spectrometer GRS Graduation Rate Survey GRS General Records Schedules ). GenRad's web site address is http://www.genrad.com. GenRad's most current shareholder information is available by visiting our Website at http://www.genrad.com or calling our Fax on Demand Service at (800) 469-1261. Statements made in this press release which are not historical, including statements regarding future performance, product capabilities, product deployment and markets are forward looking statements and as such are subject to a number of risks. Factors that may cause results to differ materially from those projected are discussed in GenRad's 1998 Annual Report on 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 fiscal year ending January 2, 1999 and form 10-Q Form 10-Q See 10-Q. for the quarter ended April 3, 1999 under the section "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Conditions and Results of Operations Factors That May Affect Future Results." |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion