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QTR Quiktrak

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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

15/12/2003 11:28am

UK Regulatory


RNS Number:2506T
QuikTrak Networks PLC
15 December 2003


15 December 2003


               QUIKTRAK SECURES MAJOR BIKE SECURITY ORDER


QuikTrak Networks plc (Ticker: "QTR"), the secure tracking and data messaging
network operator, today announced that Get Bike have placed a major order for
its motorbike security device, the QT6090.


The Security Device

The QT6090 is a covert motorcycle security device that provides real time
tracking and alarm monitoring.  An alarm activation signal can be sent either
direct to the owner via a mobile phone and/or a QuikTrak authorised Monitoring
Centre.  The QT6090 will automatically arm after the ignition is turned off or
when the bike has been left idle after being disarmed.

Once armed, the bike's ignition and motion detector are monitored for any
activity.  Activation of either of these sensors will generate an alarm signal
and commence tracking of the bike.  Arming and disarming of the device can only
be done with an electronically coded tag, unique to each installation.  The
device is hidden within the bike and is sold through UK motorbike dealerships.


Get Bike

The Get Bike group of companies offers a 'one-stop' solution for motorcyclists
by providing compulsory basic training, sales, insurance and accessories through
to advanced rider training, servicing and vehicle security.

Chris Kyriakou, CEO of QuikTrak commented:

"Following very successful trials by Get Bike of the QuikTrak vehicle recovery
system, I am very pleased to announce that a large order has been placed for the
motorcycle units.  Adding QuikTrak to Get Bike's product range could lead to
significant savings for their customers in terms of lower insurance premiums,
reduced excess for theft and a greatly increased probability of recovering the
motorcycle if stolen.  The new QuikTrak bike product has generated a
considerable amount of interest with more and more companies requesting to trial
the product."

                                    - 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 information is provided by RNS
            The company news service from the London Stock Exchange
END

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