Powerlock (CE) (USOTC:PWLK)
Historical Stock Chart
From Jun 2019 to Jun 2024
Powerlock International (Pink Sheets: PWLK) is pleased to report that in
addition to vehicle applications, the Power Lock®
anti-theft product works to protect heavy equipment from theft and
unauthorized use as well.
In an email to Rick Fass, president of Powerlock International, Matt
Harder of Earthworks & Sprinklers writes, "On or about May 15, 2007, we
had a potential joy rider attempt to start one of our Case 660
trenchers. The suspect was able to get the ignition to come on by
jamming a screw driver into the ignition switch. The great news is that
the Power Lock prevented the Case 660 from starting. If the 660 engine
started, the trencher would have landed in a pond. At that point I would
have potential EPA fines anywhere from $50,000 to $100,000. A new Case
660 trencher is approximately $70,000. I have 6 Case 660s and each one
has the new 'wireless' Power Lock security system installed. Power Lock
saved my machines and the environment."
Fass states, “We at Powerlock are always glad
to see our product protect our customer’s
vehicles and in particular, for our heavy equipment customers, to
minimize any disruptions that such attempted thefts or unauthorized use
can have on their business.”
Powerlock International distributes the Power Lock vehicle anti-theft
product (www.powerlock.com), the
only product that cannot be circumvented by “hot
wiring” the predominate method of vehicle
theft.
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors that could cause the actual
results of the company to be materially different from the historical
results or from any future results expressed or implied by such
forward-looking statements. In addition to statements which explicitly
describe such risks and uncertainties, readers are urged to consider
statements labeled with the terms "believes," "belief," "expects,"
"intends," "anticipates," "will," or "plans" to be uncertain and forward
looking. The forward-looking statements contained herein are also
subject generally to other risks and uncertainties that are described
from time to time in the company's reports and registration statements
filed with the Securities and Exchange Commission.