CSI Wireless' new Asset-Link(TM) products win carrier approvals, attract $1M+ of initial sales
Written by CSI Wireless
Tuesday, 16 August 2005
Digital Asset-Link 410 and analog Asset-Link 150 employ CSI's latest Telematics platform
CALGARY, Aug. 16 CSI Wireless Inc., a designer and manufacturer of advanced wireless and GPS products used in more than 50 countries, today announced that its newest Telematics products - the Asset- Link(TM) 410 and Asset-Link(TM) 150 - have received approval from four major cellular carriers for use on their networks, while also generating in excess of $1 million of initial sales.
Rogers Wireless in Canada, Telefonica in Latin America, and reseller KORE Wireless have tested and approved the Asset-Link 410, while Aeris.net and its Microburst(R) network have tested and approved the Asset-Link 150. Approval processes involving other major North American carriers are also under way.
The Asset-Link 410 is the first digital member of CSI's industry-proven Asset-Link product line. It utilizes GSM-GPRS/SMS technology to meet North America's escalating demand for higher bandwidth applications, including frequent updates of fleet-vehicle operational information.
The analog-based Asset-Link 150 utilizes Aeris.net's popular low-cost MicroBurst(R) cellular network, and is designed for a wide range of applications - including trucking fleets, rental fleets, transit and other municipal vehicles, heavy equipment management and stolen vehicle recovery.
The Asset-Link 410 and Asset-Link 150 feature CSI's newest Telematics platform and offer significant improvements over their Asset-Link predecessors:
- A much wider range of "customizable" tracking and monitoring
functions, including location, speed, odometer, sensor monitoring,
relay control, scheduled report, data log and geofencing
- As many as 16 inputs and outputs to connect to sensors, relays, device
controls, etc., for monitoring and tracking applications
- Faster speed-to-market, thanks to a complete set of development tools
and a proven solution, backed by a company with industry-leading
vehicle tracking and asset management experience
- Even more accurate positioning, combined with monitoring and reporting
of pre-determined events and real-time conditioning
"The Asset-Link 410 and Asset-Link 150 are generating widespread industry interest due to many factors including their highly configurable feature sets," said Stephen Verhoeff, CSI's President and CEO. "In addition to the more than $1 million of sales orders we are announcing today, several more new customers are at various stages of integration and testing with our Asset-Link products, and are expected to place production-volume orders as their own products are commercialized."
CSI's Asset-Link product line - and its Fleet-Link(TM) line that is designed specifically for tracking truck trailers - enable users to achieve strong returns on investment through operational efficiencies such as:
- Lowering fuel and maintenance costs by monitoring speeding and
excessive idling
- Increasing fleet efficiency/productivity by monitoring vehicles' "stop
time" during service calls
- Controlling "moonlighting," "side trips" and other unauthorized use of
vehicles
- Reducing accident rates by making drivers more aware of their driving
habits
- Monitoring a variety of engine operation factors for more efficient
equipment utilization and maintenance scheduling
"Our expanding Asset-Link and Fleet-Link lines, together with our extensive applications experience, have positioned CSI as a leader in Telematics markets," Mr. Verhoeff said.
About CSI Wireless
CSI Wireless designs and manufactures innovative, cost-effective, wireless and GPS products for mobile and fixed applications in the agriculture, marine, automotive and other industries. CSI is a leader in several high-growth markets including Precision Guidance in Agriculture, Telematics and Desktop Cellular Telephones. The Company, through its Wireless and its Hemisphere GPS divisions, owns numerous patents and other intellectual property. It has licensed its cellular technology to GPS, cellular handset, and chipset manufacturers. CSI's common shares trade on The Toronto Stock Exchange under the trading symbol "CSY", with approximately 46 million outstanding. The company's head offices are in Calgary, Alberta, and it has major product development, sales and marketing facilities in California's Silicon Valley, Arizona and Kansas. For more information about CSI, go to www.csi-wireless.com.
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