OXNARD, Calif.--(BUSINESS WIRE)--Dec. 19, 2007--CalAmp Corp.
(NASDAQ:CAMP), a leading provider of wireless products, services, and
solutions, today announced that it has launched the Aircept LMU-1400
Location Messaging Unit for mobile asset tracking. Designed and
manufactured by CalAmp, the Aircept LMU-1400 is a new GPS and GSM/GPRS
tracking device that delivers 6th generation improvements in
performance. Enhancements include higher cellular receive sensitivity,
simultaneous tracking of up to 16 GPS satellites, Over-The-Air (OTA)
delivery of software features, lower power consumption and a low
profile compact package. In addition, CalAmp has integrated satellite
mapping views into the Aircept online service for its digital cellular
products.
"Since 1999, Aircept has been a recognized leader in pioneering
solutions for vehicle tracking, defining the intersection of internet,
wireless, and GPS technologies," stated Jarvis Tou, Vice President and
General Manager of CalAmp Wireless DataCom's Aircept business. "The
introduction of the Aircept LMU-1400 once again delivers key
improvements in product performance. The addition of OTA provides
improved robustness and higher quality of service. Companies that
provide vehicle financing have come to depend on Aircept's patented
technologies and processes, which enable lenders to lower the risk of
their loans, and thereby address a larger market of potential
customers."
CalAmp's Aircept business provides both hardware and monitoring
services for vehicle financing companies, including
'buy-here-pay-here' dealerships that specialize in automobile
financing for high credit risk individuals. According to the 2007
National Independent Automobile Dealers Association (NIADA) Used Car
Report, $75.8 billion in used car sales were financed through
independent auto dealers in the United States during 2006 as Grade C
paper or lower representing an annual addressable market of nearly 9
million vehicles.
These new products and services rely on patented technologies and
processes (United States Patent Nos. 6,025,774 and 6,249,217 B1). The
patents relate to a vehicle location system whose purpose is to enable
automobile dealers and finance companies to locate and repossess
vehicles serving as collateral on loans that go into default or have
other changes in loan status.
About CalAmp Corp.
CalAmp is a leading provider of wireless communications products
that enable anytime/anywhere access to critical information, data and
entertainment content. With comprehensive capabilities ranging from
product design and development through volume production, CalAmp
delivers cost-effective high quality solutions to a broad array of
customers and end markets. CalAmp is a supplier of Direct Broadcast
Satellite (DBS) outdoor customer premise equipment to the U.S.
satellite television market. The Company also provides wireless data
communication solutions for the telemetry and asset tracking markets,
private wireless networks, public safety communications and critical
infrastructure and process control applications. For additional
information, please visit the Company's website at www.calamp.com.
Forward-Looking Statement
Statements in this press release that are not historical in nature
are forward-looking statements, which involve known and unknown risks
and uncertainties. Words such as "may," "will," "expect," "intend,"
"plan," "believe," "seek," "could," "estimate," "judgment,"
"targeting," "should," "anticipate," "goal" and variations of these
words and similar expressions, are intended to identify
forward-looking statements. Actual results could differ materially
from those implied by such forward-looking statements. Although the
Company believes the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, it can give no
assurance that its expectations will be attained. The Company
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
CONTACT: CalAmp Corp.
Rick Vitelle, Chief Financial Officer, 805-987-9000
or
Financial Relations Board:
General Information
Lasse Glassen, 213-486-6546,
lglassen@frbir.com
SOURCE: CalAmp Corp.