DataLogic's vehicle tracking device, known as Panther, consists of a Global Positioning Service (GPS) receiver and a wireless modem that communicates with Personal Communication Services (PCS) networks such as AT&T, T-Mobile, and Cingular, and more.
Aimed largely at theft, recovery, and tracking services, the device can be installed in a vehicle to allow complete control from a user's cell phone, PC, or landline. The device can also be placed in a vehicle with no connections in a manner that would still allow a vehicle to report if it is stolen or has moved from its last parked position.
By using a stand-alone or web-based interface, users can query a vehicle for its location along with information such as airbag deployment, theft alarm status, speed, direction, and time idle. Users may perform other customized functions such as unlocking the vehicle's doors with a cell phone and receiving an automatic alert when a car has been stolen.
The product has been tested and works in the USA, UK, and Brazil. It is currently available in GSM mode with CDMA support available some time this quarter.
"The existing market for wireless telemetry is estimated to be $1.15 Billion according to the Yankee Group. By the year 2006, it is estimated that the M2M market, between the USA, Japan, and Western Europe, will be $3.6 Billion and growing to $100 Billion by the end of year 2010 according to McKinsey and Company," commented Robert Newell, DataLogic's VP of Sales and Marketing and a new board member.
Newell continued, "It is estimated that by the year 2006, of the total number of GSM terminals (cell phones, M2M transceivers, etc.), 50% will be connected to machines and 50% will continue to be used for voice. M2M has a tremendous growth potential and we are excited to have the technology to capitalize on this fast-growing segment of the wireless industry."
"This is another of DataLogic's initiatives to further penetrate the wireless market," said Keith Nguyen, DataLogic's President. "We believe that with the proliferation of the wireless standard 802.11, GSM, and CDMA and decreasing cost in these technology deployments, the M2M market segment will experience rapid growth as consumers and enterprises seek to improve efficiency by actively managing and controlling their assets."
"DataLogic expects to derive new revenue streams from the unit sales and licensing fees of the core technology, which can be used to develop any of the M2M vertical markets. We will also work with various carriers to resell SIM cards and airtime and expect to generate income from that as well," added Nguyen.
M2M is a fast growing segment of the wireless industry. Utilizing the standard 802.11, GSM and CDMA protocol, wireless communication can be made between machines, mobile-to-machine, and man-to-machine to monitor and manage physical assets. Some examples of M2M application include security, automatic meter reading, supply chain management, vending machine management, industrial equipment monitoring, cargo tracking, vehicle tracking, traffic control, and home automation.
About DataLogic International Inc.
DataLogic International, Inc. consists of two subsidiaries, DataLogic Consulting, Inc. and IPN Communications, Inc. DataLogic Consulting, a wholly- owned subsidiary, is a professional service company dedicated to solving its clients' business problems with technology-based solutions. The Company services include Information Technology consultancy, project management, software development, Internet solutions, telecommunications/wireless integration, value added reselling/training and IT outsourcing. The Company also provides short and long term staffing solutions to IT clients and healthcare/medical providers. The Company clients consist of commercial enterprises and local and state governments.
Among the industries that DataLogic serves include Communications, Energy, Financial, Government, Healthcare, Manufacturing, Retail and Transportation. A partial list of the Company's current and previous clients include Alcon Labs, Amgen, Boeing, Compaq Computer, Cisco Systems, City of Houston, Commonwealth of Virginia, FDNY, FedEx, IBM Corp., International Paper, Orange County Transportation Authority (OCTA), PacifiCare/RX Solutions, Phillips Petroleum, Prudential Healthcare, State of North Carolina, State of Rhode Island, SAS Institute and Sun Microsystems.
IPN Communications, Inc, a majority-owned subsidiary, is a provider of voice over Internet protocol (VoIP) telephony product and services. The company target markets are consumers and business users worldwide who seek to reduce communication costs. IPN product suite includes USB and Ethernet based VoIP phones and turn key servers that support in-network VoIP calling and VoIP to public-switch telephone network (PSTN). For more information on IPN Communications, Inc., go to http://www.ipncom.com/.
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control. Some of these factors include the ability of the company to raise sufficient capital, attract qualified management, attract new customers and effectively compete against similar companies.
CONTACT: Investor Relations of DataLogic International, Inc., +1-888-
530-8228, Email Contact
Web site: http://www.dlgi.com/