News Update
November 19 2003 - 2:00AM
UK Regulatory
RNS Number:2160S
QuikTrak Networks PLC
19 November 2003
19 November 2003
LONDON'S COURIER COMPANIES TRIAL QUIKTRAK
NETWORKS TECHNOLOGY
QuikTrak Networks plc (Ticker: "QTR"), the secure tracking and data messaging
network operator, today announced that four further leading London courier
companies have started to trial the QuikTrak technology. This follows some
highly successful trials by Addison Lee, one of London's largest taxi and
courier companies.
Pegasus Couriers, Anderson Young Couriers, Urgent Couriers and Greyhound
Couriers have all started to pilot QuikTrak's unique real-time tracking
technology for use in fleet management applications.
Chris Kyriakou, Chairman and CEO of QuikTrak commented:
"We are delighted that a further four courier companies are piloting our
technology. The ability to locate vehicles quickly and precisely is an
essential tool for courier companies in order to retain competitive advantage
and one of the key applications of our technology. Until now, there has not
been a product that is suitable for motorbikes. Using the QuikTrak unit,
courier fleets can now be managed and located easily, accurately and cost
effectively."
QuikTrak is a telecommunications business that specialises in secure, reliable
and low-cost location, real-time tracking and mobile data communications. The
Company provides solutions for locating and tracking vehicles, people and mobile
assets through a terrestrial positioning network based on patented technology.
QuikTrak is able to locate objects or people that may be hidden from view,
unlike GPS-GSM systems, it is almost impossible to jam and does not require '
line-of-sight. This difference not only makes QuikTrak more effective and more
secure than existing tracking technologies but the system provides a lower cost
alternative to other tracking solutions available in the market.
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For further information:
Annie Richards
QuikTrak Networks plc
0870 010 6044
James Chandler
Beattie Financial
020 7398 3308
Notes To Editors
QuikTrak Technology Applications
The potential applications for the technology are diverse, but currently
QuikTrak is focussing on a number of key areas including:
* Lone Worker Protection - tracking of individuals who work alone such
as emergency services workers. The QuikTrak technology is to be trialled by a
number of UK police forces, local councils, service organisations and Primary
Health Care Trusts.
* Commercial Fleet and Personnel Management - tracking of commercial
vehicles such as courier or freight companies. In this market the QuikTrak
technology is currently being trialled by companies such as leading London-based
courier companies and utility and services organisations.
* Security Systems - such as asset security (for example cars,
motorbikes, plant and equipment) and alarm systems. In this market QuikTrak is
currently being trialled by a number of high profile companies.
QuikTrak Revenue Model
QuikTrak earns revenue from the sale of the tracking/messaging device. Ongoing
revenue is then secured by charging a recurring annual connection fee and for '
airtime usage.' The business model aims to partner with service providers in
specific sectors rather than seek to sell directly into the sector.
This information is provided by RNS
The company news service from the London Stock Exchange
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