SiriCOMM Announces Agreement with XscapeEz Ltd.
July 31 2007 - 3:03PM
PR Newswire (US)
Engineering Firm Produces New Line of Vehicle Telematics Devices
JOPLIN, Mo., July 31 /PRNewswire-FirstCall/ -- SiriCOMM, Inc.,
(OTC:SIRC) (BULLETIN BOARD: SIRC) today announced completion of an
agreement with XscapeEz, Ltd. (XEL) that allows each company to
market the products and services of the other to prospective
customers. XscapeEz produces a line of vehicle telematics,
diagnostic and wireless communication devices that support a broad
range of remote services for various stakeholders in the
transportation sector. SiriCOMM's network of over 480 wireless Hot
Spots at truck stops nationwide provides driver Internet access
along with development and implementation of fleet applications
leveraging remote access to driver and vehicle information. The
agreement allows each of the parties to pursue customers and
cooperatively develop applications that utilize both the XEL
devices and the SiriCOMM network. The XEL devices leverage IEEE
802.15.4 technology, a standard defined by the Institute of
Electrical and Electronics Engineer (IEEE) for a low cost and low
power wireless network with low latency and fast connection times.
This technology communicates with both J1939 and J1708 for
efficient vehicle diagnostics, tracking and reporting. Combining
the XEL technology with the SiriCOMM network establishes a powerful
and comprehensive wireless communication system between the
vehicle, driver and fleet operators. As part of the agreement,
SiriCOMM expects to enhance its current network of Hot Spots to
include XEL 802.15.4 radios at each location as customer
applications are developed. "Consistent with our efforts to enhance
the quality of our network and develop a diverse revenue stream, we
believe this new relationship with XscapeEz will allow the company
to increase penetration into the emerging data services segment of
the trucking industry," stated Mark Grannell, the Company's
president and CEO. "We are working on a number of opportunities to
leverage the benefits of our two companies to bring solutions to
market." About SiriCOMM SiriCOMM is wireless network provider,
specializing in wireless Internet connectivity and productivity
applications tailored to the transportation industry. By providing
both network access and a robust application host platform,
SiriCOMM delivers a responsive and convenient way for all industry
stakeholders to utilize and leverage information. The company uses
Wi-Fi and radio-frequency technologies to create hot spots at
locations convenient to highway travel. More information including
network locations is available at http://www.siricomm.com/. About
XscapeEz, Ltd. XscapeEz is a full service electrical and computer
engineering firm dedicated to designing the finest embedded
systems, proprietary communications networks, end-of-line testing
equipment and PC connectivity solutions. The company provides a
full line of devices that leverage IEEE 802.15.4 wireless
communication technology. XscapeEz is based in Cloverdale, IN. For
additional information, please see their web site at
http://www.xscapeez.com/. Statements about the future performance
of SiriCOMM, economic trends, and other forward-looking statements
in this release are made pursuant to the "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that such forward-looking statements involve risks
and uncertainties, including without limitation, continued
acceptance of SiriCOMM's products, increased levels of competition
for the company, new products and technological changes, SiriCOMM's
dependence on third-party suppliers, and other risks detailed from
time to time in SiriCOMM's periodic reports filed with the
Securities and Exchange Commission. SiriCOMM provides no assurance
regarding the actual outcome of the events contemplated by any
forward-looking statements included in this release. DATASOURCE:
SiriCOMM, Inc. CONTACT: John Burton, Vice President - Marketing
& Sales of SiriCOMM, Inc., +1-913-647-5223, Web site:
http://www.siricomm.com/ http://www.xscapeez.com/
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