CalAmp Awarded $4.7 Million Extension on Positive Train Control Development and Supply Contract
November 16 2011 - 9:00AM
Marketwired
CalAmp Corp. (NASDAQ: CAMP), a leading
provider of wireless products, services and solutions, announced
today that it was awarded a $4.7 million extension of its
development contract to help design and supply initial radios for
the North American interoperable Positive Train Control (PTC)
system.
"Railway safety is a national imperative, with a federal mandate
calling for implementation of PTC on the nation's rails. This law
requires railroads to deploy a new dedicated nationwide wireless
communications infrastructure to enable the PTC Safety Overlay
system," said Michael Burdiek, CalAmp President and CEO.
The contract add-on increases the quantity of pre-production
radios to be delivered by CalAmp for use in field testing and early
deployments by several North American Class I railroads and brings
the total value of the contract to approximately $19 million.
CalAmp expects to complete fulfillment of this follow-on order
during the first half of calendar 2012.
About CalAmp CalAmp develops and markets
wireless communications solutions that deliver data, voice and
video for critical networked communications and other applications.
The Company's two business segments are Wireless DataCom, which
serves utility, governmental and enterprise customers, and
Satellite, which focuses on the North American Direct Broadcast
Satellite market. For more information, please visit
www.calamp.com.
COMPANY CONTACT: Joanne Keates Director of Corporate
Communications (805) 419-8239 jkeates@calamp.com
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