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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:5245W QuikTrak Networks PLC 15 March 2004 QuikTrak Networks plc ("QuikTrak" or "The Company") QUIKTRAK APPOINTS REGENT ASSOCIATES London, 15 March 2004 - QuikTrak Networks plc (Ticker "QTR"), the secure tracking and data messaging network operator, today announced that its has appointed Regent Associates, a corporate finance company specialising in the technology sector, to secure a strategic partner for QuikTrak to roll-out of the network across the rest of the UK. The appointment follows the considerable demand from the marketplace to extend QuikTrak's secure and reliable tracking technology nationally. The intention is to achieve coverage for 90% of the UK population and to launch a network in the Netherlands - where a spectrum licence is already held - to take advantage of signed contracts with the Dutch police, amongst others. Phase I of the QuikTrak network was launched in September 2003 and covers the Greater London and M25 area. Since the launch the Company has secured a number of important contracts and commercial partnerships with companies such as Addison Lee, Reliance Monitoring Services, Premier Geografix and Motrak (UK) Limited and organisations such as the Metropolitan Police and the Elmbridge Housing Trust. Chris Kyriakou, CEO of QuikTrak Networks plc commented: "The demand for the QuikTrak technology and its diverse applications is proven. What is essential now is to roll-out the network as quickly as possible to cover a larger geographic area in order to fulfil the demand from the market for a nationwide secure and reliable national tracking and data messaging network. We are confident of securing the right partner within a very short period of time." - ends - For further information: Chris Kyriakou/Annie Richards James Chandler /Grace Marriner QuikTrak Networks plc Beattie Financial 00 44 (0)870 010 6044 00 44 (0) 207 398 3300 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 STRGUURWWUPCGUA
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