ROSH HAAYIN, Israel,
August 25, 2014 /PRNewswire/ --
Pointer Telocation Ltd. (Nasdaq CM: PNTR) - a
leading developer, manufacturer and operator of Mobile Resource
Management (MRM), announced today that it has been awarded a supply
contract to provide cargo tracking solutions for a customer in
Africa. The contract is worth
approximately $1.3 million with
revenues expected to be recorded in the second half of 2014.
The goal of the project is to provide a system for coordinating
trade activities in terms of information exchange, cargo tracking
and monitoring the movement of goods. This is in order to ensure
trade efficiency, cooperation and competitiveness in the
region.
Pointer will supply its advanced cargo tracking and monitoring
devices to enable the safe and efficient delivery of goods between
various countries in Africa.
Pointer's CelloTrack-T product line offers advanced tracking and
remote monitoring for high value mobile assets. It supports
tracking, communication, location-based features and other control
and maintenance capabilities. The CelloTrack-T family units utilize
advanced power management algorithms, preserving and extending
battery life period. The units' positioning engine is based on
SiRFstarIV™, offering high acquisition and tracking performance.
The units are equipped with an improved IP67 enclosure and dual
tampering detection mechanisms.
David Mahlab, President and
CEO of Pointer commented, "We are very pleased that this
significant African customer has chosen our solutions over
those of our competitors. This award is another positive result
from our consistent growth strategy to expand operations abroad,
and we expect this award will also lead to increased sales and
revenue in the future."
Continued Mr. Mahlab, "Specifically, I am happy to see
that a CelloTrack product was selected as the core for this
solution. This product is part of our asset management offering
substantiates our belief in the future of asset management for
goods in transit. We have invested much effort in our asset
management capabilities as we see this as an area with strong
growth potential which is a part of the 'Internet of Things' (IoT)
solution. This project marks another success in our efforts
to extend our footprint in the asset tracking and monitoring
market."
About Pointer Telocation:
Pointer Telocation is a leading provider of technology and
services to the automotive and insurance industries, offering a set
of services including Road Side Assistance, Stolen Vehicle Recovery
and Fleet Management. Pointer has a growing list of customers and
products installed in 50 countries. Cellocator, a Pointer Products
Division, is a leading AVL (Automatic Vehicle Location) solutions
provider for stolen vehicle retrieval, fleet management, car &
driver safety, public safety, vehicle security and more. The
Company's top management and the development center are located in
the Afek Industrial Area of Rosh Ha'ayin,
Israel.
For more information: http://www.pointer.com
Forward Looking Statements
This press release contains historical information and
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 with respect to the
business, financial condition and results of operations of the
Company. The words "believe," "expect," "anticipate," "intend,"
"seems," "plan," "aim," "should" and similar expressions are
intended to identify forward-looking statements. Such statements
reflect the current views, assumptions and expectations of the
Company with respect to the proposed acquisition and other future
events and are subject to risks and uncertainties. Many factors
could cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements that may be expressed or implied by
such forward-looking statements, including, among others, changes
in the markets in which the Company operates and in general
economic and business conditions, loss or gain of key customers and
unpredictable sales cycles, competitive pressures, market
acceptance of new products, inability to meet efficiency and cost
reduction objectives, changes in business strategy and various
other factors, both referenced and not referenced in this press
release. Various risks and uncertainties may affect the Company and
its results of operations, as described in reports filed by the
Company with the Securities and Exchange Commission from time to
time. The Company does not assume any obligation to update these
forward-looking statements.
Contact
Zvi Fried, V.P. and Chief Financial
Officer
Tel.: +972-3-572-3111
E-mail: zvif@pointer.com
Kenny Green/Ehud Helft, GK Investor Relations
Tel: +1-646-201-9246
E-mail: pointer@gkir.com
SOURCE Pointer Telocation Ltd