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WirelessDevNet.com Press Release
CSI Wireless Provides Caterpillar Inc. with new Asset-Tracking Product
CALGARY, June 3, 2004 - (TSX:CSY): CSI Wireless Inc., a designer and manufacturer of advanced wireless and GPS products used in more than 40 countries, today announced an agreement to begin supplying asset-tracking units to Caterpillar Inc., the world's leading manufacturer of construction and mining equipment. Initial shipments are to begin this month.
Caterpillar will offer its new Product Link PL102C as an after-market product to enable equipment owners and insurers to accurately monitor their assets' movements and engine running hours.
The Product Link PL102C will feature configurability to enable users to select what operational information - movements and engine hours being only two of many options - they want to remotely receive from their mobile assets.
The Product Link PL102C will use the MicroBurst(R) cellular network developed by Aeris.net. MicroBurst employs existing networks' infrastructure as its transmission medium.
The core technology of the Product Link PL102C will be CSI Wireless'
Asset-Link(TM) 100 asset-tracking system, which combines CSI's proven wireless and GPS technology.
About CSI Wireless
With offices in Calgary, Silicon Valley, and Phoenix, CSI Wireless designs and manufactures innovative, cost-effective, wireless and GPS products for mobile and fixed applications in the agriculture, marine, automotive and other markets. CSI is a leader in several emerging high-growth markets including Precision Guidance in Agriculture, Consumer Telematics and Fixed Wireless Telephones. The Company owns numerous patents and intellectual property relating to wireless and GPS technologies. It 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 33 million outstanding. For more information about CSI Wireless, go to www.csi-wireless.com
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