CalAmp Awarded $1.5 Million Contract to Supply Data Telemetry Units for Anadarko Oil Field Operations in North Texas
February 07 2012 - 9:00AM
Marketwired
CalAmp Corp. (NASDAQ: CAMP), a leading
provider of wireless products, services and solutions, has been
selected by a leading global energy company to supply
mission-critical narrowband data telemetry radios for oil field
operations across the Anadarko Basin in the panhandle region of
north Texas. Deliveries are scheduled to begin March 2012.
The CalAmp data telemetry units will allow this oil company's
production personnel to automate and remotely monitor well
operations throughout the Anadarko field. The low-power,
zero-maintenance wireless devices are intended for remote
installations, where power consumption and communications
reliability are paramount.
The new radios will allow customers to meet the US Federal
Communications Commission's January 1, 2013 narrowbanding
requirement for all Public Safety and Industrial/Business licensees
in the 150-174 MHz and 421-512 MHz bands. This narrowbanding
mandate is intended to ensure more efficient spectrum use and
provide greater spectrum access for public safety and nonpublic
safety users.
"A call for proposals was issued in early September, and by
early December CalAmp had designed the product, built and
demonstrated prototypes, and certified production units. This rapid
response was key to our securing the $1.5 million contract," said
Mike Zachan, General Manager of CalAmp's Wireless Networks
business. "This customer win underscores CalAmp's unique ability to
quickly deliver customer-specific wireless solutions to meet
mission-critical data communications requirements."
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.
Forward-Looking Statements 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 due to the
risks described in the Company's Report on Form 10-K for fiscal
2011 as filed on April 28, 2011 with the Securities and Exchange
Commission. 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.
CALAMP CONTACT: Joanne Keates Director of Corporate
Communications (805) 419-8239
CalAmp (NASDAQ:CAMP)
Historical Stock Chart
From May 2024 to Jun 2024
CalAmp (NASDAQ:CAMP)
Historical Stock Chart
From Jun 2023 to Jun 2024