CalAmp Corp. (Nasdaq:CAMP), a leading provider of wireless products, services and solutions, today announced that it has been awarded a subcontract by Ansaldo STS (STS.MI) to supply a mobile data communications network for a 1,300 kilometer private railway system in Australia. CalAmp's subcontract is initially valued at approximately $2.5 million, with the work expected to extend through mid-2010. The mining company that operates the private railway is currently in the process of implementing a next-generation driverless train system used to haul iron ore from remote mining locations in northwestern Australia. As part of this upgrade, CalAmp will supply its Dataradio G3 450MHz platform that operates at data rates up to 64 Kbps on private, licensed radio channels. Internet Protocol connectivity is provided for use over secure, encrypted long-range wireless links. The system will initially include 55 base stations and support approximately 120 mobile units. The mobile units will primarily be installed on locomotives and will be the communications link that enables the railroad dispatch center to remotely access information about the driverless trains, issue train orders and track the fleet. Because the trains are driverless, this expandable communications link is critical to the success of the system. CalAmp will also provide on-going maintenance and support services. �We are pleased to be selected to upgrade the mobile data communications network for this next generation driverless train system,� commented Michael Burdiek, CalAmp�s Chief Operating Officer. �CalAmp and the train operator have a long-standing relationship, with CalAmp having deployed the current railway communications system that has been in operation for over 12 years. Our platform provides increased data speed and reliable operations under rugged environmental conditions, while controlling infrastructure costs. We look forward to a continued productive and mutually beneficial relationship with both Ansaldo and the train operator, as well as other potential customers in the mining and transportation sectors.� 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, and direct broadcast satellite markets. The Company�s products are marketed under the CalAmp, Dataradio, SmartLink, Aercept, LandCell and Omega trade names. For more 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 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.
CalAmp (NASDAQ:CAMP)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more CalAmp Charts.
CalAmp (NASDAQ:CAMP)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more CalAmp Charts.