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Postea, A New Investment Company, Focuses on Technology for the Postal and Logistic Sectors.


Postal Industry Leaders Announce the Launch of a New Investment Company That Will Focus on Innovation and Technology

LONDON -- Postal industry leaders Elmar Toime and Michael Murphy Michael Murphy may refer to:
  • Michael Murphy (actor), an American actor
  • Michael Murphy (politician), a New Jersey lobbyist, former Prosecutor and candidate for Governor
  • Michael Murphy (author), a New age author and a co-founder of the Esalen Institute
 today announced the formation of Postea, Ltd. The company will invest in technologies that enable operators to compete better in the deregulated postal market. The primary goal will be tangible improvement in the expected return Expected Return

The average of a probability distribution of possible returns, calculated by using the following formula:
 per delivery point, which will be accomplished by adding value to existing operating assets Operating Assets

Another term for working capital.
.

"As deregulation Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Notes:
Traditional areas that have been deregulated are the telephone and airline industries.
 further opens the mailing and shipping business to commercial enterprises, postal operators worldwide face growing challenges to remain competitive with aggressive well capitalised private sector operators," said Mr Toime. "Postea will invest in and develop new and innovative technology solutions that will allow these post offices to compete by leveraging core competences and realising the full value of their human resources."

Mr Murphy said the new company is researching a number of promising technologies to develop. "Developing technologies that recognise postal authorities' unique legacy obligations, Postea will offer solutions uniquely adapted to their trading environment. We are particularly focused on facilities that consider the Universal Service Obligation to be an asset. We believe that technology can attract new high unit value content to that channel which is not well suited to the competitors' products."

Mr Toime was CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of New Zealand Post New Zealand Post Limited is the dominant postal operator in New Zealand.

The company was created in 1 April 1987 as a State-Owned Enterprise from the corporatisation of the New Zealand Post Office, a government department, following the recommendations of the 1986
 and Deputy Chairman of Royal Mail. Mr Murphy co-founded Escher Group, Ltd. and led the company to unrivaled success in the postal counter automation market.

For more information, please visit www.postea.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 5, 2006
Words:253
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