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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 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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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:2160S QuikTrak Networks PLC 19 November 2003 19 November 2003 LONDON'S COURIER COMPANIES TRIAL QUIKTRAK NETWORKS TECHNOLOGY QuikTrak Networks plc (Ticker: "QTR"), the secure tracking and data messaging network operator, today announced that four further leading London courier companies have started to trial the QuikTrak technology. This follows some highly successful trials by Addison Lee, one of London's largest taxi and courier companies. Pegasus Couriers, Anderson Young Couriers, Urgent Couriers and Greyhound Couriers have all started to pilot QuikTrak's unique real-time tracking technology for use in fleet management applications. Chris Kyriakou, Chairman and CEO of QuikTrak commented: "We are delighted that a further four courier companies are piloting our technology. The ability to locate vehicles quickly and precisely is an essential tool for courier companies in order to retain competitive advantage and one of the key applications of our technology. Until now, there has not been a product that is suitable for motorbikes. Using the QuikTrak unit, courier fleets can now be managed and located easily, accurately and cost effectively." 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. - ends - For further information: Annie Richards QuikTrak Networks plc 0870 010 6044 James Chandler Beattie Financial 020 7398 3308 Notes To Editors 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 leading London-based courier companies 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 MSCGUGMCGUPWGQR
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