P3 GPS Technology to Track Bus Location and Movement.Business & Technology Editors NEWPORT PAGNELL, U.K.--(BUSINESS WIRE)--Nov. 6, 2002 Precise Positioning Products, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : "PPPD PPPD Per Person Per Day (travel pricing/expenditures) PPPD Point-To-Point Protocol Daemon PpPD Pylorus Preserving Pancreaticoduodenectomy PPPD Plant Protection Products Directive PPPD Pilot Production Program Definition ") announced today that it has developed with a UK local authority a unique system to track buses using P3's AEGIS GPS tracking system. The system is expected to become fully operational during the early part of 2003. The successful operation of P3's bus tracking scheme will result in all buses operating in the area controlled by the local authority being required to be supplied with equipment developed by P3. This system has the specific objective of providing all bus users with accurate and timely information relating to the exact location and movement of buses. P3's bus tracking system is expected to encourage additional passengers, thereby reducing traffic congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. and to also provide additional security for both passengers and bus drivers. This system will make bus information readily available for the management of bus operations and be provided to bus users, either by way of data screens on buses, bus stops and passenger areas, or through web based information systems. P3 will be using the resources of the Transport Operations Research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of Group based at the UK's Newcastle University to maximize the potential benefits of the bus tracking system for end users. P3 will be relying on its AEGIS GPS tracking system coupled with 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. (General Packet Radio Service) mobile phone technology. GPRS mobile phone networks already cover a large part of the UK, as well as other part of the world. Commonly referred to as G2 1/2, it is an excellent medium for the transmission of data. GPRS is far more economical than other cellular phone technology for the transmission of data. FORWARD LOOKING STATEMENT Except for historical matter contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the 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. provisions of 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. These forward-looking statements reflect assumptions and invoke risks and uncertainties, which may affect the Company's business and prospects and cause actual results to materially differ from these forward-looking statements. More information about Precise Positioning Products Inc. can be found at http://www.p3ltd.com/ |
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