Iron Ore Company of Canada to Use IEI PowerKey 2600 Access Control Systems for Ford Pick Up Trucks.CANTON, Mass. -- Business Unit of Mitsubishi Corporation Mitsubishi Corporation (三菱商事株式会社 to Use PowerKey(TM) 2600 to Control and Monitor Access of Ford(R) Pick Up Trucks International Electronics, Inc. (IEI IEI Institution of Engineers of Ireland IEI International Electronics Inc IEI Institution of Engineers India IEI International Epidemiology Institute IEI Israel Export Institute IEI Indoor Environmental Institute IEI Interrupt Enable Input ) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : IEIB), a leading manufacturer of electronic access control and asset management products for industrial and commercial applications, today announced that Iron Ore Company of Canada Iron Ore Company of Canada (often abbreviated to IOC) is a Canadian-based producer of iron ore. The company was founded in 1949 from a partnership of Canadian and American M.A. Hanna Company. (IOC IOC abbr. International Olympic Committee IOC n abbr (= International Olympic Committee) → COI m IOC n abbr (= ), will use the PowerKey 2600 system to control and monitor access to Ford pick up trucks that are used at their iron ore mining site and processing plants in Labrador City, Newfoundland. The PowerKey 2600 provides entry-level vehicle management for mobile assets requiring individual PIN control such as material handling equipment, pickup trucks, golf cart fleets, people carriers, and airport tarmac tugs. The PowerKey products are designed to help organizations apply advanced access control and monitoring systems to their mobile equipment. Henry Hillier, Superintendent Maintenance - Central Services, of the Iron Ore Company of Canada stated, "The PowerKey 2600 will give us a remote audit trail analysis of who is driving our vehicles, providing an increased level of control over access and operation and, more importantly, to provide an additional level of protection for our people, assets, and resources." "We are pleased with the adoption of the PowerKey 2600 within the traditional materials handling equipment Mechanical devices for handling of supplies with greater ease and economy. See also materials handling. market as well as its extended application to other mobile equipment," noted John Waldstein, president of IEI. "The application of our PowerKey 2600 for vehicles attests to the growing requirement for increased accountability, control and security of mobile fleets as well as IEI's ability to meet that requirement." About Iron Ore Company of Canada The Iron Ore Company of Canada (IOC) is the largest manufacturer of iron ore pellets in Canada, operating a mine, concentrator and pelletizing Pelletizing or pelletising is the process of compressed or molding of product into the shape of a pellet. A large range of different products are pelletized including chemicals, iron ore, animal compound feed, and more. plant in Labrador City, Newfoundland, port facilities in Sept-Iles, and the QNS&L railway. IOC is jointly owned by Mitsubishi Corporation and Rio Tinto Rio Tinto may refer to:
About International Electronics, Inc. International Electronics, Inc. designs, manufactures and distributes a broad range of electronic access control and asset management products that help organizations worldwide monitor and manage their human, facility and industrial mobile assets. IEI's products range from industry leading locksets and electronic access control products to its new eMerge(TM) IP-based integrated access and security management platform and the PowerKey(TM) industrial mobile access and asset management product line. IEI markets these products through leading distribution and installation companies serving the security industry and fleet management industry in North and South America, Europe, Asia, and Australia. IEI's web site address is http://www.ieib.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under 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 (the "Act"): This news release contains forward looking information within the meaning of the Act and the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended including statements that include the words "believes", "expects", or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of IEI, to differ materially from those expressed or implied by such forward-looking statements. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties. These risk factors are identified in our Form 10-KSB for the year ended August 31, 2004, which is on file with the Securities and Exchange Commission. |
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