Telecom Technologies Merges With P3.Business Editors/Technology Writers NEW YORK--(BUSINESS WIRE)--Aug. 1, 2002 Telecom Technologies, Inc. (Pink Sheets "TCTH") announced today that it has merged into Precise Positioning Precise Positioning is a term used to describe techniques to obtain the location of an object to better than a few centimeters of accuracy. Historically precise positioning was associated with surveying and geodesy. Products, Inc. (P3). The shares of common stock of P3 will start trading on the Pink Sheets under the symbol 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 on August 2, 2002. Each stockholder of record as of the close of the market on July 31, 2002 will receive two shares of P3 for each share of Telecom Technologies, Inc. owned. Additionally, Telecom Technologies, Inc. has transferred its telecom properties, including proprietary software, client lists and websites to Tel.com, Inc. a private company. Each Telecom Technologies stockholder of record as of the close of the market on July 31, 2002 will receive three shares of Tel.com, Inc. for each share of Telecom Technologies, Inc. owned. Tel.com intends to file a registration statement with the Security and Exchange Commission in order to become a reporting company so that its shares of common stock may trade on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . P3's products include a wide range of radio and satellite telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. system that are used by a large number of companies as well as by military forces around the world including the US Navy and the British Royal Navy. P3 uses its own designed microprocessors in its intelligent modems to deliver both simple and complex transmission of data between two or more stations. These modems offer a high level of reliability with error correction and data checking to provide robust service. P3 also supplies custom GPS solutions that includes products which, coupled with the NAVNET NAVNET Navy Network NAVNET Navigation Network data management system, are used for seismic work, precise positioning, real time tracking, land mine clearing, etc. The AGEIS tracking system is the latest and most promising of P3 product. It is a computer screen based tracking system transmitting positioning data through either UHF (Ultra High Frequency) The range of electromagnetic frequencies from 300 MHz to 3 GHz. In the U.S., analog television has used UHF channels 52 to 69 in the 700 MHz band. or VHF radio VHF radio refers to several communications services in the VHF frequency range, including:
More Information about Precise Positioning Products, Inc. can be found at www.p3ltd.com |
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