01.04.2008 11:00:00
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CalAmp Launches New Aercept(TM) GPS Tracker Enabling Streamlined Installations
CalAmp Corp. (NASDAQ:CAMP), a leading provider of wireless
products, services, and solutions, today announced that it has launched
a new Location Monitoring Unit, the LMU-1450 Tracker, for mobile asset
tracking. Designed and manufactured by CalAmp, the LMU-1450 is a new
tracking device incorporating integrated internal GPS and GSM/GPRS
antennas, and is used with CalAmp’s
Aercept-branded services for locating, monitoring and protecting
vehicular collateral. The compact dimensions of the LMU-1450 Tracker (2.0”
x 4.0” x 0.8”) are
expected to result in faster, easier and more tamper-resistant
installations. In addition, the LMU-1450 is compatible with previously
installed power cables and harnesses, and is fully integrated with
Aercept's internet-based customer interface and back-end systems,
including the popular street and satellite mapping features.
"The launch of the LMU-1450 Tracker shows
CalAmp’s commitment to product innovations by
offering technology advancements that deliver practical commercial
benefits for our customers,” stated Jarvis
Tou, Vice President and General Manager of CalAmp’s
Aercept business. "The Aercept LMU-1450
Tracker improves ease of installation and reliability through the use of
integrated tamper-proof internal antennas.”
In addition, CalAmp recently began offering pooled rate plans for the
services used to monitor vehicles. Similar to ‘family
plans’ offered by cellular carriers, the
pooling of actions gives customers additional flexibility in managing
their service costs.
CalAmp’s Aercept business provides an
integrated GPS-based tracking service with equipment and monitoring
capabilities for vehicle asset tracking applications utilized primarily
by "buy-here-pay-here" automobile dealerships
that specialize in vehicle financing for high credit risk individuals.
According to the 2007 National Independent Automobile Dealers
Association (NIADA) Used Car Report, $75.8 billion in used car sales
were financed through independent auto dealers in the United States
during 2006 as Grade C paper or lower, representing an annually
addressable market of nearly 9 million vehicles. Vehicle financing
companies have come to depend on CalAmp’s
patented technologies and processes, which enable lenders to lower the
collateral risk of their loans and thereby address a larger market of
potential customers.
About CalAmp Corp.
CalAmp is a leading provider of mission-critical high value wireless
communications solutions that enable anytime/anywhere access. CalAmp’s
Wireless DataCom Division services the public safety, industrial
monitoring and controls, and mobile resource management market segments
with wireless solutions built on communications technology platforms
that include proprietary licensed narrowband, standards-based unlicensed
broadband and cellular networks. In addition, CalAmp’s
Satellite Division supplies outdoor customer premise equipment to the
U.S. Direct Broadcast Satellite (DBS) market. For additional
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 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. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
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