CalAmp Launches New Aercept(TM) GPS Tracker Enabling Streamlined Installations
April 01 2008 - 7:00AM
Business Wire
CalAmp Corp. (NASDAQ:CAMP), a leading provider of wireless
products, services, and solutions, today announced that it has
launched a new Location Monitoring Unit, the LMU-1450 Tracker, for
mobile asset tracking. Designed and manufactured by CalAmp, the
LMU-1450 is a new tracking device incorporating integrated internal
GPS and GSM/GPRS antennas, and is used with CalAmp�s
Aercept-branded services for locating, monitoring and protecting
vehicular collateral. The compact dimensions of the LMU-1450
Tracker (2.0� x 4.0� x 0.8�) are expected to result in faster,
easier and more tamper-resistant installations. In addition, the
LMU-1450 is compatible with previously installed power cables and
harnesses, and is fully integrated with Aercept's internet-based
customer interface and back-end systems, including the popular
street and satellite mapping features. �The launch of the LMU-1450
Tracker shows CalAmp�s commitment to product innovations by
offering technology advancements that deliver practical commercial
benefits for our customers,� stated Jarvis Tou, Vice President and
General Manager of CalAmp�s Aercept business. �The Aercept LMU-1450
Tracker improves ease of installation and reliability through the
use of integrated tamper-proof internal antennas.� In addition,
CalAmp recently began offering pooled rate plans for the services
used to monitor vehicles. Similar to �family plans� offered by
cellular carriers, the pooling of actions gives customers
additional flexibility in managing their service costs. CalAmp�s
Aercept business provides an integrated GPS-based tracking service
with equipment and monitoring capabilities for vehicle asset
tracking applications utilized primarily by �buy-here-pay-here"
automobile dealerships that specialize in vehicle financing for
high credit risk individuals. According to the 2007 National
Independent Automobile Dealers Association (NIADA) Used Car Report,
$75.8 billion in used car sales were financed through independent
auto dealers in the United States during 2006 as Grade C paper or
lower, representing an annually addressable market of nearly 9
million vehicles. Vehicle financing companies have come to depend
on CalAmp�s patented technologies and processes, which enable
lenders to lower the collateral risk of their loans and thereby
address a larger market of potential customers. About CalAmp Corp.
CalAmp is a leading provider of mission-critical high value
wireless communications solutions that enable anytime/anywhere
access. CalAmp�s Wireless DataCom Division services the public
safety, industrial monitoring and controls, and mobile resource
management market segments with wireless solutions built on
communications technology platforms that include proprietary
licensed narrowband, standards-based unlicensed broadband and
cellular networks. In addition, CalAmp�s Satellite Division
supplies outdoor customer premise equipment to the U.S. Direct
Broadcast Satellite (DBS) market. For additional information,
please visit www.calamp.com. Forward-Looking Statement Statements
in this press release that are not historical in nature are
forward-looking statements, that involve known and unknown risks
and uncertainties. Words such as "may," "will," "expect," "intend,"
"plan," "believe," "seek," "could," "estimate," "judgment,"
"targeting," "should," "anticipate," "goal" and variations of these
words and similar expressions, are intended to identify
forward-looking statements. Actual results could differ materially
from those implied by such forward-looking statements. Although the
Company believes the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, it can give no
assurance that its expectations will be attained. The Company
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CalAmp (NASDAQ:CAMP)
Historical Stock Chart
From May 2024 to Jun 2024
CalAmp (NASDAQ:CAMP)
Historical Stock Chart
From Jun 2023 to Jun 2024