CalAmp Licenses Patents for Vehicle Location Technology to Trackn, Inc.
October 01 2008 - 7:00AM
Business Wire
CalAmp Corp. (NASDAQ: CAMP), a leading provider of wireless
products, services and solutions, today announced that it has
entered into a patent license agreement with Trackn, Inc. dba
Enfotrace, a supplier of location based services, for use of
CalAmp�s U.S. Patent Nos. 6,025,774 and 6,249,217 B1. The patents
relate to a vehicle location system that enables automobile finance
companies to locate and repossess vehicles serving as collateral on
loans that go into default. As previously announced, CalAmp had
filed complaints for infringement in the United States Federal
Court against Trackn that have now been settled. In addition to
today�s announcement with Trackn, CalAmp previously entered into
patent license agreements with DriveOK Inc., SKYWATCH GPS and
Procon, Inc. �CalAmp remains committed to protecting and enforcing
its intellectual property rights and we are pleased to have reached
a settlement whereby Trackn will license our patented process
technology,� stated Garo Sarkissian, CalAmp�s Vice President for
Corporate Development. �We welcome Trackn as CalAmp�s fourth
license partner for vehicle tracking and asset recovery
technologies and look forward to working together in the future.�
�We are pleased to have resolved this claim in a satisfactory way
for both parties, our customers and the industry itself. This
agreement allows us to focus energy and effort on growing our
respective vehicle tracking and asset recovery businesses,� stated
Larry Jones, President, Trackn, Inc. About CalAmp Corp. CalAmp
provides wireless communications solutions that enable
anytime/anywhere access to critical data and content. The Company
serves customers in the public safety, industrial monitoring and
controls, mobile resource management, public utilities and direct
broadcast satellite markets. The Company�s products are marketed
under the CalAmp, Dataradio, SmartLink, Aercept, LandCell and Omega
trade names. For additional information, please visit
www.calamp.com. About Trackn, Inc., dba Enfotrace Located in
Southern California, Enfotrace has been a supplier of Location
Based Services (LBS) for over four years. Since its start,
Enfotrace has quickly risen to become one of the industry's leading
providers of GPS products to strategic markets such as Sub-Prime
Auto Finance, Commercial Fleet, and Consumer. Enfotrace�s goal is
to be a leader for GPS tracking products by manufacturing and
shipping an economical, high quality product that can meet the
needs of multiple vertical markets. 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
CalAmp 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. CalAmp undertakes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
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