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CSI Wireless Unveils Asset-Link 100 Telematics Product
LAS VEGAS, Jan. 9 - CSI Wireless Inc., a provider of
advanced wireless and GPS technologies for the automotive, commercial and
consumer markets, today unveiled the Asset-Link(TM) 100 - the first of what
will soon be a family of innovative and cost-effective fleet- tracking,
safety and security products from CSI.
The Asset-Link 100 features rugged and very compact Telematics technology
that CSI Wireless developed for use with the Microburst(R) cellular network
throughout North America and parts of Central and South America. By
integrating the Asset-Link 100 with Microburst, CSI has created a Telematics
product for national and continental fleet and trailer tracking, and for
various safety and security applications, which has significantly lower
life-cycle costs.
The Microburst network - owned and managed by Aeris.net - employs other
wireless or cellular networks' Control Channel infrastructure as its
transmission medium. Microburst enables users to send and receive data
messages throughout Canada, the U.S., Mexico and parts of Central and South
America for less cost and with wider coverage than what is possible using
other public networks.
Customers equipped with the Asset-Link 100 can:
- track vehicles' locations
- monitor vehicles' performance including oil and air pressure, plus engine
running hours
- log and analyze vehicles' performance data, including temperature trends
- perform important security functions including door-lock and ignition
controls, plus "geo-fencing" (containing vehicles inside specified
geographic boundaries)
- employ potentially life-saving automatic safety features including
crash-notification, airbag deployment notification and emergency dispatch
"Most Telematics products use more expensive wireless networks," said
Stephen Verhoeff, President and CEO of CSI Wireless. "The result is higher
monthly fees and sparse coverage that tends to discourage market growth and
penetration. But because we built the Asset-Link 100 for use with the
Microburst network, its services are much more widely available and much
more
affordable. The Asset-Link 100's low price, and its low operating costs,
will open up new markets for CSI Wireless and for its customers."
Asset-Link 100 combines CSI's highly integrated Global Positioning System
(GPS) technologies with the company's advanced wireless technologies. "It is
the first of what will soon be a CSI Wireless family of Asset-Link
Telematics products," Mr. Verhoeff said.
Telematics products enable two-way wireless communications, of which
location data is a key component, between vehicles and information service
providers.
Industry analysts Frost & Sullivan say North American revenues for
telematics products and services could reach US$7 billion in 2007, compared
to US$380 million in 2000.
CSI Wireless announced its Asset-Link 100 in Las Vegas at the Consumer
Electronics Show, an annual event featuring about 1,000 exhibitors and
100,000 participants.
About Microburst
Microburst offers one of the world's largest digital cellular phone coverage
areas available from a single network - covering Canada, the U.S., Mexico
and parts of Central and South America - by combining the resources of many
cellular networks. It employs other networks' Control Channel, which all
analog or Advanced Mobile Phone Service (AMPS) wireless phones use for basic
housekeeping tasks. Because the tasks must be done only occasionally, the
Control Channel remains unused most of the time. Microburst employs this
surplus capacity to transmit small packets of data - such as location
coordinates or sensor-collected information - or to initiate vehicle
features (door locks, or emergency alerts if air bags are deployed) at a
fraction of the cost and time of regular "circuit switched" wireless phone
calls.
About CSI Wireless
With offices in Calgary, Silicon Valley, and Phoenix, CSI Wireless provides
innovative, cost-effective, wireless and GPS vehicle and asset management
products for mobile and fixed applications in the automotive, commercial and
consumer markets. Through the integration of GPS and wireless, CSI is
actively pursuing several emerging high-growth markets including Fleet
Management, Asset Tracking, Telematics and Mobile Computing applications.
The Company owns several patents and intellectual property relating to
wireless networks and GPS technologies. CSI Wireless has licensed its
cellular technology to GPS, cellular handset, and chipset manufacturers. The
company's common shares trade on The Toronto Stock Exchange under the
trading symbol "CSY", with approximately 18.4 million outstanding.
Asset-Link(TM) is a pending trademark of CSI Wireless Inc.
MicroBurst(R) is a registered trademark of Aeris.net
%SEDAR: 00004587E
The above disclosure contains certain forward-looking statements that
involve substantial known and unknown risks and uncertainties. These
forward- looking statements are subject to numerous risks and uncertainties,
certain of which are beyond CSI Wireless's control, including: the impact of
general economic conditions, industry conditions, increased competition, the
lack of availability of qualified personnel or management, fluctuations in
foreign exchange or interest rates, stock market volatility and market
valuations of companies with respect to the announced transactions and the
final valuations
thereof, and obtaining required approvals of regulatory authorities. CSI
Wireless's actual results, performance or achievement could differ
materially from those expressed in, or implied by these forward-looking
statements and,
accordingly, no assurances can be given that any of the events anticipated
by the forward-looking statements will transpire or occur, or if any of them
do so, what benefits, including the amount of proceed, that CSI Wireless
will derive therefrom.
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