Close WindowFRISCO, TX | May 24, 2001 —InterTrak Tracking Services, L.L.C., a leader in providing consumer affordable vehicle and asset tracking services in the United States, reports that a sales contract was recently signed to purchase an additional US$14.1 million in tracking hardware from Canadian firm CSI Wireless Inc (TSE:CSY - news) of Calgary, a leading provider of advanced wireless and GPS technologies for the high-growth automotive, commercial, and consumer markets.
The additional order from InterTrak continues to utilize the basic CSI Wireless asset management technology strategically coupled with InterTrak's specialized application firmware and hardware specifications offering satellite tracking at down to earth prices. This order is in addition to an earlier US$4.8 million contract for CSI Wireless' AssetVision(TM) announced in January of 2001. This brings InterTrak's total orders for CSI Wireless products to US$18.9 million, to date.
CSI Wireless' new Asset-Link(TM) product and InterTrak's specification establishes an affordable, highly integrated vehicle and asset management total solution. Using the latest Global Positioning System (GPS) technology, Aeris.net MicroBurst® cellular network communications technology and Televoke's automated service platform that "connects people with things'', InterTrak has created the premier low-cost mobile product for many telemetry and telematics applications. CSI Wireless will begin shipping Asset-Link in the second half of 2001. Asset-Link will operate initially on the Aeris.net Microburst® control channel cellular network that encompasses virtually all of North, Central and South America.
"The highly functional AssetVision we've been installing since the beginning of this year has proven to be an outstanding and dependable component for our leading tracking services," said Nick Greco, Director of Operations at InterTrak. "Asset-Link coupled with our application specifications will give us the functionality that we need, but at a lower cost, giving InterTrak a further competitive position. In fact, InterTrak is the only Telematics Service Provider offering emergency GPS based stolen vehicle recovery assistance without the customary monthly charge."
"AssetVision, which we have been shipping to InterTrak, is a very robust product," stated Stephen Verhoeff, President & CEO of CSI Wireless. "The lower cost Asset-Link product will service InterTrak's security customers who do not have the full featured, data recording, voice and wide coverage needs of existing AssetVision users. This allows CSI Wireless to effectively cover the needs of a much larger spectrum of the tracking market."
AssetVision for the Aeris.net MicroBurst® cellular network, introduced to the market by CSI Wireless in October of 2000, is a powerful hardware device capable of tracking and monitoring vehicles and assets virtually anywhere in the United States, Canada and Mexico, and throughout much of South America.
InterTrak has been using AssetVision from CSI Wireless to enable customers to track individual vehicles or entire fleets from a secure Web site from any Internet accessible point. Integrating AssetVision with InterTrak firmware and hardware requirements provides an economical and easy-to-use system for vehicle and asset tracking.
"This follow-up order from InterTrak demonstrates the strength of CSI Wireless technology as a valuable component for asset tracking services," added Verhoeff.
As InterTrak's key hardware supplier, CSI Wireless is partnering with InterTrak for development and engineering to ensure that products - such as Asset-Link - meet critical ongoing market requirements.
"AssetVision from CSI Wireless has helped us offer a reliable asset tracking system to our customers," said Greco. "CSI Wireless' new Asset-Link will bring the features that we need at a lower cost and size to set market trends and exceed consumer expectations. The partnership and supply agreement we have with CSI Wireless is important in supporting the high growth we have been experiencing, so that we can continue to successfully grow together into the future."
InterTrak Vehicle Tracking Services L.L.C. offers affordable vehicle tracking services by providing vehicle location hardware and supporting emergency service without the usual monthly fees; a unique strategy for addressing the greater automotive public.
InterTrak's Vehicle Location Units (VLU) incorporate AssetVision or Asset-Link hardware meeting Intertrak interface specifications to enhance conventional vehicle security and convenience devices by extending their operational range and benefits. InterTrak VLUs provide real-time stolen vehicle recovery virtually anywhere in North America, and can notify the owner by phone, E-mail, fax or two-way pager within moments of actual theft!
With the help of CSI Wireless technology to receive and transmit location and vehicle function information, InterTrak provides many services in addition to tracking and safety, including:
InterTrak's round-the-clock staff provides timely roadside and emergency service at the push of a button or a cellular phone call from the subscriber's vehicle. The InterTrak VLU offers simple two-wire basic installation and provides customers with a unique user ID and PIN for security purposes.
CSI Wireless provides innovative, cost-effective, wireless and GPS vehicle and asset management products for mobile and fixed applications in the automotive, commercial and consumer markets. The Company, with offices in Calgary, Silicon Valley, and Phoenix, owns several patents and intellectual property related to a variety of wireless networks and GPS technologies. CSI Wireless has licensed its cellular technology to GPS, cellular handset, and chipset manufacturers. The common shares of CSI Wireless trade on The Toronto Stock Exchange under the trading symbol "CSY," with approximately 18.4 million shares outstanding. Visit the Company's web site at www.csi-wireless.com.
Aeris.net, headquartered in San Jose, Calif., provides web-to-wireless connectivity and control for a broad array of short-packet signaling and messaging services using its proprietary MicroBurst® utility. MicroBurst® technology employs the control channel infrastructure of the cellular network as a transmission medium to achieve low cost of service and ubiquitous coverage. Aeris.net currently has contracts deploying MicroBurst® technology in cellular service areas in the United States, Mexico and Canada. Initial applications include vehicle position and condition reporting, security and equipment monitoring and utility meter reading. For more information on Aeris.net, please visit the company's Web site at http://www.aeris.net or call 888-Go-Aeris.
Televoke "connects people to things," by providing an automated web and telephony service platform that enables individuals and enterprises to track and control valuable assets (e.g. vehicle or computer). For the first time ever, businesses and their customers can be proactively notified via phone, pager or email when a valuable fixed or mobile asset is at risk. The Televoke service platform can be customized and branded for any partner, and integrated with virtually any enterprise system, hardware device, GPS or other location technology, wireless or wireline network. For more information on Televoke, visit www.televoke.com or send an email to info@televoke.com.
InterTrak L.L.C. has offices in Frisco, Texas and Chicago, Illinois and has accumulated 20 years of vehicle security and tracking experience. InterTrak now markets some of the most cost efficient vehicle location products and services in North America. Coupling the combined industry talents of its corporate staff InterTrak is well positioned to take advantage of the burgeoning Telematics market and can be accessed on the web at http://www.trackmenow.com. Combining the communications power of the Internet, Global Positioning System with the personal touch of human operations, InterTrak promises to be the bright star on the vehicle location horizon. For additional information call Toll Free 1-866-FINDME1 (436-3631)
MicroBurst® and VBurst™ are trademarks of Aeris.net, Inc. Aeris is a registered trademark of Aeris.net. All other company or product names are trademarks of their respective holders.
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