ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

QTR Quiktrak

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Quiktrak LSE:QTR London Ordinary Share GB0031988057 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Re Contract

20/02/2004 7:08am

UK Regulatory


RNS Number:6331V
QuikTrak Networks PLC
20 February 2004


20 February 2004


     RELIANCE TO ADOPT QUIKTRAK TECHNOLOGY FOR MASS MONITORING SOLUTIONS

Reliance Monitoring Services to use QuikTrak technology to monitor and locate
assets and people quickly and accurately wherever they are - in or outdoors

London, 20 February 2004 - QuikTrak Networks plc (Ticker "QTR"), the secure
tracking and data messaging network operator, today announced that Reliance
Monitoring Services, a leading provider of electronic protection and monitoring
services, has selected QuikTrak as a network technology partner for monitoring
high value assets, goods movement and people.

QuikTrak will be used in applications such as providing operational support to
remote workers functioning in sensitive or hazardous environments, through the
use of the QuikTrak Personal Transponder.  The device has a panic button which,
when activated, relays an alarm silently to the monitoring facility, displaying
the exact location of the unit.

 In addition, the unit carried by the worker has a two-way confirmed short
message capability that enables reliable and inexpensive communication.  The
monitoring service is also able to instantly identify the nearest colleague or
resource required to support the worker and can maintain a record of the
worker's total activity whilst on duty.

Another application for the same technology is monitoring the movement of
people, goods and resources, particularly in locations where satellite and
communication technologies can interfere with the core business operations such
as air traffic control at airports.

Tom Riall, Managing Director, Reliance said, "The QuikTrak technology will
enable us to take a huge step in being able to provide a complete solution to
mass transit operations, particularly when used in conjunction with our newly
developed biometric solutions.  Unlike other technologies that have to stay
within range of a base station or within line of sight of a satellite, the
QuikTrak network can accurately manage multiple subject location wherever they
are, at any time."

Chris Kyriakou, CEO of QuikTrak Networks plc commented, "For the first time in
the UK, Reliance will be able to exactly locate high value assets, goods in
transit or remote workers, from its monitoring centre, irrespective of
geography, in seconds."  He continued, "We are delighted that Reliance has
selected us as a partner going forward."

                              - ends -


For further information:

Chris Kyriakou/Annie Richards
QuikTrak Networks plc
0870 010 6044

James Chandler
Beattie Financial
020 7398 3308


Notes To Editors:

QuikTrak

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.


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 a leading
     London-based courier company 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 informationis provided by RNS
            The company news service from the London Stock Exchange
END

CNTGUUCCPUPCGQB

1 Year Quiktrak Chart

1 Year Quiktrak Chart

1 Month Quiktrak Chart

1 Month Quiktrak Chart