BSM Technologies Inc. (“BSM” or the “Company”) (TSX-V: GPS), a
leading provider of remote monitoring, fleet management, fleet
diagnostics and automated vehicle security systems, and EMS Global
Tracking, part of the Global Resource Management business of EMS
Technologies, Inc. (NASDAQ: ELMG), today announced that they are
extending their existing reseller agreement to distribute BSM’s
SecTrack products and services to Latin America.
“We look forward to further collaboration with EMS Global
Tracking as we strengthen our position in the region and target new
growth opportunities in key markets such as Brazil, Mexico and
Argentina,” said Aly Rahemtulla, President and CEO of BSM. “We
expect to focus our efforts on expanding our network of value-added
resellers – similar to the strategy that has served us well in
other regions.”
The two companies have been working together since 2005, with
SecTrack reselling EMS Global Tracking’s Inmarsat-related products,
as well as related services and support. SecTrack provides
hardware, communication links, and airtime for real-time tracking
and management of vehicles, vessels and stationary facilities
around the globe using Inmarsat IsatM2M satellite communications.
This offering is marketed through a network of 60 value-added
resellers in 40 countries.
To support the expanded relationship with EMS Global Tracking,
BSM expects to add to its sales team in Latin America. “We are
pleased to strengthen our relationship with BSM Wireless and to
increase our combined presence throughout Latin America,” said
Simon van den Dries, Vice President, Global Sales, EMS Global
Tracking.
BSM and EMS Global will be jointly showcasing their capabilities
at the Intermodal show in Sao Paolo in April 2011.
About BSM Technologies
BSM Technologies, through its subsidiary BSM Wireless Inc., is a
leading provider of remote monitoring, fleet tracking, fleet
maintenance, and automated vehicle security systems providing real
time, web‐based tracking of mobile and fixed assets. BSM provides
solutions for commercial, government, and law enforcement
organizations who manage and operate diverse assets and large
fleets, and who seek to enhance customer service, improve the
safety of their drivers and vehicles, and lower business costs. For
more information, please visit http://www.bsmwireless.com.
About EMS Technologies
As one of the world’s leading providers of wireless connectivity
solutions, EMS Technologies, Inc. keeps people and systems
connected — on land, at sea, in the air or in space. EMS offers
industry-leading technology to support Aero Connectivity and Global
Resource Management markets though a broad range of cutting-edge
satellite and terrestrial network products; ensuring that
businesses, assets and people stay safely connected and enabling
universal mobility, visibility and intelligence. EMS (NASDAQ: ELMG)
serves customers through operations in 12 countries.
www.ems-t.com
EMS Global Resource Management offers a broad range of
in-transit visibility solutions including satellite-tracking,
wide-area radios and rugged computers. The unit’s proven
satellite-based solutions and wireless terminal and data collection
networks provide real-time visibility and actionable management
data for supply chain inventory, personnel, cargo, and other
mission-critical assets, regardless of whether the assets are fixed
or mobile, and in any demanding environment.
www.emsglobaltracking.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
Additional Information and Where to Find It
In connection with the proxy contest initiated by MMI
Investments, L.P., EMS Technologies, Inc. (the “Company”) has filed
a preliminary Proxy Statement for the 2011 Annual Meeting of
Shareholders with the Securities and Exchange Commission (the
“SEC”). Shareholders are urged to read the Proxy Statement, as well
as other documents filed with the SEC, because they will contain
important information. The definitive Proxy Statement will be
mailed to shareholders of the Company. Shareholders may obtain free
copies of these documents (when they are available) and other
documents filed with the SEC at the Company’s website (www.ems-t.com) under the heading “Investor
Relations”, at the SEC’s website (www.sec.gov), or by contacting the Company at
(770) 729-6512. Shareholders should read carefully the
definitive proxy statement and WHITE proxy card when they become
available before making any voting decision.
Information Regarding Participants
The Company, its directors and certain of its officers and
employees are participants in a solicitation of proxies in
connection with the Company’s 2011 Annual Meeting of Shareholders.
Information with respect to the identity of these participants in
the solicitation and a description of their direct or indirect
interest in the Company, by security holdings or otherwise, is
contained in the preliminary Proxy Statement filed by the Company
with the SEC on March 10, 2011. Shareholders may obtain free copies
of this information at the Company’s website (www.ems-t.com) under the heading “Investor
Relations,” the SEC’s website at (www.sec.gov), or by contacting the Company at
(770) 729-6512 or 660 Engineering Drive, Norcross, Georgia
30092, Attention: Secretary. As of the date hereof, the Company’s
directors, officer and employees who are participants collectively
own an aggregate of: (1) 564,488 shares of common stock of the
Company, including options that are currently exercisable or will
be exercisable within 60 days, and (2) 61,193 nonvoting
phantom-share units.
Forward-Looking Statements
Statements contained in this press release regarding the
Company’s expectations for its financial results for 2011 and the
potential for various businesses and products are forward-looking
statements. Actual results could differ materially from those
statements as a result of a wide variety of factors. Such factors
include, but are not limited to economic conditions in the U.S. and
abroad and their effect on capital spending in our principal
markets; difficulty predicting the timing of receipt of major
customer orders, and the effect of customer timing decisions on our
results; our successful completion of technological development
programs and the effects of technology that may be developed by,
and patent rights that may be held or obtained by, competitors;
U.S. defense budget pressures on near-term spending priorities;
uncertainties inherent in the process of converting contract awards
into firm contractual orders in the future; volatility of foreign
currency exchange rates relative to the U.S. dollar and their
effect on purchasing power by international customers, and on the
cost structure of the our operations outside the U.S., as well as
the potential for realizing foreign exchange gains and losses
associated with assets and liabilities denominated in foreign
currencies; successful resolution of technical problems, proposed
scope changes, or proposed funding changes that may be encountered
on contracts; changes in our consolidated effective income tax rate
caused by the extent to which actual taxable earnings in the U.S.,
Canada and other taxing jurisdictions may vary from expected
taxable earnings, changes in tax laws, and the extent to which
deferred tax assets are considered realizable; successful
transition of products from development stages to an efficient
manufacturing environment; changes in the rates at which our
products are returned for repair or replacement under warranty;
customer response to new products and services, and general
conditions in our target markets (such as logistics and space-based
communications) and whether these responses and conditions develop
according to our expectations; the increased potential for asset
impairment charges as unfavorable economic or financial market
conditions or other developments might affect the estimated fair
value of one or more of our business units; the success of certain
of our customers in marketing our line of high-speed commercial
airline communications products as a complementary offering with
their own lines of avionics products; the availability of financing
for various mobile and high-speed data communications systems; risk
that unsettled conditions in the credit markets may make it more
difficult for some customers to obtain financing and adversely
affect their ability to pay, which in turn could have an adverse
impact on our business, operating results and financial condition;
development of successful working relationships with local business
and government personnel in connection with distribution and
manufacture of products in foreign countries; the demand growth for
various mobile and high-speed data communications services; our
ability to attract and retain qualified senior management and other
personnel, particularly those with key technical skills; our
ability to effectively integrate our acquired businesses, products
or technologies into our existing businesses and products, and the
risk that any such acquired businesses, products or technologies do
not perform as expected, are subject to undisclosed or
unanticipated liabilities, or are otherwise dilutive to our
earnings; the potential effects, on cash and results of
discontinued operations, of final resolution of potential
liabilities under warranties and representations that we made, and
obligations assumed by purchasers, in connection with our
dispositions of discontinued operations; the availability,
capabilities and performance of suppliers of basic materials,
electronic components and sophisticated subsystems on which we must
rely in order to perform according to contract requirements, or to
introduce new products on the desired schedule; uncertainties
associated with U.S. export controls and the export license
process, which restrict our ability to hold technical discussions
with customers, suppliers and internal engineering resources and
can reduce our ability to obtain sales from customers outside the
U.S. or to perform contracts with the desired level of efficiency
or profitability; our ability to maintain compliance with the
requirements of the Federal Aviation Administration and the Federal
Communications Commission, and with other government regulations
affecting our products and their production, service and
functioning; and costs associated with a recent announcement by one
of shareholders that it intends to nominate four directors to our
Board. Further information concerning relevant factors and risks
are identified under the caption “Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2010.
Ems Technologies (NASDAQ:ELMG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ems Technologies (NASDAQ:ELMG)
Historical Stock Chart
From Jul 2023 to Jul 2024
