Gabriel Technologies Corp. (OTCBB:GWLK), a homeland security company
focused on serving the transportation industry, announced today that
it will formally launch its Trace location services in late January
2006.
Trace provides a flexible, rapidly deployable assisted-GPS
location-based service that enables a wide array of customizable
applications. The technology locates and/or tracks assets or people.
Trace owns a license to use Qualcomm SnapTrack's a-GPS software for
devices using the ReFlex wireless paging network.
CEO Keith Feilmeier said, "This launch represents an important new
milestone for our company. We have spent considerable time and
resources developing Trace in the last 18 months, and we are excited
to bring the product to market.
Trace's proprietary two-way paging-over-wireless network software and
web services interface are going to revolutionize how and where GPS
can be applied. Trace's staff and partners are recognized experts in
two-way paging, wireless networking, nuclear applications, government
contracting and financial management of technology and entrepreneurial
ventures."
Gabriel is initially targeting areas that have good ReFlex coverage,
which is optimal for the Trace technology. Potential uses include:
-- Emergency responder coordination and tracking
-- Airline asset tracking at airports
-- Manage movable assets and people
-- Transportation and vehicular tracking
-- Alzheimer patient tracking
-- Postal shipment tracking
-- Security for high-value cargo
-- Tracking of assets and people on large campuses or highly congested areas
Trace intends to sell its services primarily through its network of
licensed value-added resellers (VARs). The VARs will manage marketing,
Tier 1 support, ongoing customer billing and sales of the bundled
airtime, service and devices. The VARs will pay Trace monthly for
service based on locates and number of devices as well as an
activation and deactivation fee. Trace also will receive royalties on
all devices sold.
About Trace Technologies
Trace Technologies, LLC is a wholly owned subsidiary of Gabriel
Technologies Corporation. Trace location tracking provides enhanced
location services to devices supporting Qualcomm's SnapTrack(TM)
assisted-GPS technology. Subscribers and licensees pay a fee to access
the Trace SnapTrack-based location information to determine the
precise location of enabled devices, such as the Trace Asset Tag.
The company works with a number of value-added resellers and
distribution partners to give the technology a greater reach of the
tracking services market. Trace Technologies' mission is to provide
the highest quality security solutions available by creating
innovation, proven technologies that can be implemented on a realistic
basis. The company is headquartered in Omaha, Neb., with satellite
offices in Seattle, Wash., and Dallas, Texas. For more information,
visit http://www.trace-tech.net.
About Gabriel Technologies
Through its wholly owned subsidiary, Gabriel Technologies, LLC of
Omaha, Neb., Gabriel Technologies Corp. develops, manufactures and
sells a series of physical locking systems for the transportation and
shipping industries collectively known as the WAR-LOK(TM) Security
System. Security has evolved substantially in recent years due to
increased risks from theft and terrorism. With the implementation of
the award-winning WAR-LOK, Gabriel Technologies provides
cost-efficient security measures to prevent national and global theft
and homeland security issues.
Gabriel Technologies' mission is to provide the highest quality
security products available to the transportation and shipping
industries by creating innovative, proven technologies that can be
implemented on a realistic basis. Gabriel Technologies Corp. is also
the parent company of the next-generation-assisted GPS company,
Trace Technologies, LLC, http://www.trace-tech.net. For more
information about Gabriel, contact Dan Chicoine at (402) 614-0258 or
visit http://www.gabrieltechnologies.com.
A profile on the business can be found at
http://www.hawkassociates.com/gabriel/profile.htm.
Investors may contact Frank Hawkins or Julie Marshall, Hawk
Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. An
online investor relations kit containing Gabriel Technologies' press
releases, SEC filings, current Level II price quotes, interactive Java
stock charts and other useful information for investors can be found
at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
Forward-Looking Statements: Investors are cautioned that certain
statements contained in this document are "Forward-Looking Statements"
within the meaning of the Private Securities Litigation Reform Act of
1995.
Forward-looking statements include statements which are predictive in
nature, which depend upon or refer to future events or conditions,
which include words such as "believes," "anticipates," "intends,"
"plans," "expects" and similar expressions. In addition, any
statements concerning future financial performance (including future
revenues, earnings or growth rates), ongoing business strategies or
prospects, and possible future Gabriel actions, which may be provided
by management, are also forward-looking statements as defined by the
act. These statements are not guarantees of future performance.
home.businesswire.com
No comments:
Post a Comment