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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Quiktrak | LSE:QTR | London | Ordinary Share | GB0031988057 | ORD 1P |
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0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
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
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