CalAmp Licenses Patents for Vehicle Location Technology to Trackn, Inc.
Written by CalAmp
Monday, 06 October 2008
OXNARD, Calif.-- CalAmp Corp. (NASDAQ: CAMP), a leading provider of
wireless products, services and solutions, today announced that it has
entered into a patent license agreement with Trackn, Inc. dba
Enfotrace, a supplier of location based services, for use of CalAmp’s
U.S. Patent Nos. 6,025,774 and 6,249,217 B1.
The patents relate to a vehicle location system that enables automobile finance companies to locate and repossess vehicles serving as collateral on loans that go into default.
As previously announced, CalAmp had filed complaints for infringement in the United States Federal Court against Trackn that have now been settled. In addition to today’s announcement with Trackn, CalAmp previously entered into patent license agreements with DriveOK Inc., SKYWATCH GPS and Procon, Inc.
“CalAmp remains committed to protecting and enforcing its intellectual property rights and we are pleased to have reached a settlement whereby Trackn will license our patented process technology,” stated Garo Sarkissian, CalAmp’s Vice President for Corporate Development. “We welcome Trackn as CalAmp’s fourth license partner for vehicle tracking and asset recovery technologies and look forward to working together in the future.”
“We are pleased to have resolved this claim in a satisfactory way for both parties, our customers and the industry itself. This agreement allows us to focus energy and effort on growing our respective vehicle tracking and asset recovery businesses,” stated Larry Jones, President, Trackn, Inc.
About CalAmp Corp.
CalAmp provides wireless communications solutions that enable anytime/anywhere access to critical data and content. The Company serves customers in the public safety, industrial monitoring and controls, mobile resource management, public utilities and direct broadcast satellite markets. The Company’s products are marketed under the CalAmp, Dataradio, SmartLink, Aercept, LandCell and Omega trade names. For additional information, please visit www.calamp.com.
About Trackn, Inc., dba Enfotrace
Located in Southern California, Enfotrace has been a supplier of Location Based Services (LBS) for over four years. Since its start, Enfotrace has quickly risen to become one of the industry's leading providers of GPS products to strategic markets such as Sub-Prime Auto Finance, Commercial Fleet, and Consumer. Enfotrace’s goal is to be a leader for GPS tracking products by manufacturing and shipping an economical, high quality product that can meet the needs of multiple vertical markets.
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