HP and IVS to Cooperate in Motor-Vehicle Fleet-Management Opportunities.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--March 22, 1996-- Hewlett-Packard Company today announces it has signed a memorandom of understanding with Intelligent Vehicle Systems, Inc., (IVS ivs - INRIA Videoconferencing System. A video-conferencing tool for the Internet based on the H.261 video compression standard. http://zenon.inria.fr:8003/rodeo/personnel/Thierry.Turletti/ivs.html. ) of Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Canada, (symbol: IVM See Investment Valuation Model. ) to jointly investigate motor-vehicle fleet-management opportunities. IVS plans to contribute application expertise, market contacts and application software, while HP expects to provide manufacturing expertise and application environment expertise. Both companies plan to contribute vehicle data-logger design ideas and cooperate on the development of these systems. This announcement is subject to a definitive agreement between HP and IVS. IVS develops wireless and stationary hardware and software systems for the vehicle and truck fleet industries. IVS has developed and successfully tested a wireless failure detection system that detects impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. failures on vehicles in operation and transmits that information to a base station for remedial action A remedial action is a change made to a nonconforming product or service to address the deficiency. Rework and repair are generally the remedial actions taken on products, while services usually require additional services to be performed to ensure satisfaction. . This technology allows vehicle and fleet owners to monitor vehicle performance from a central location and avoid costly vehicle downtime. Hewlett-Packard Company is a leading global manufacturer of computing, communications and measurement products and services recognized for excellence in quality and support. HP has 105,200 employees and had revenue of $31.5 billion in its 1995 fiscal year. CONTACT: Hewlett-Packard Company Maggie Foresee-Griese, 408/746-5487 |
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