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News
Issue #2002 - 26
(July 2002)
(Updated July
10, 2002)
TECHNOLOGY
Cell-Loc Partners to Offer
Wireless Location Technology in California
Canadian wireless location
provider Cell-Loc has entered into a partnership to jointly license
and deploy its proprietary Cellocate technology throughout the state
of California.
Cell-Loc only identified its partner as a U.S.-based corporation
with assets of over $10-billion.
The American enterprise, to be named at a future date, will own
51 percent of the new joint venture, to be named TimesThree
California, with Cell-Loc holding 49 percent.
Cellocate Beacon technology is designed not only for wireless
signal location purposes, but also for sending a stream of data in a
two-way fashion between a Cellocate Network and the Cellocate
Beacon. The technology is used for such diverse purposes as remote
wireless meter reading, vending machine monitoring, vehicle
performance monitoring or other short-messaging purposes.
"Coupled with the technology’s ability to identify precise
locations, we believe that such messaging capability will be of
greater interest and potential value to energy utility industries,
insurance industries, the defense industries, and others in addition
to the telecommunications industry and public-safety
community," said Dr. Michel Fattouche, president and CEO.
For more information: http://www.cell-loc.com
MobileInfo.com’s Comments & Advisory:
Cell-Loc is having a difficult time. Therefore, this is a good win but
revenue stream will take a long time to start flowing into the
coffers of Cell-Loc.
Note: This news release may contain forward-looking statements. Readers should take appropriate caution in
developing plans utilizing these products, services and technology
architectures. All trademarks used in this summary are
the property of their respective owners.
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