Paradigm's Destinator-TM Personal Navigation System Receives Prestigious People's Choice Award
SANTA MONICA, Calif.--Oct. 12, 2001--PowerLOC Technologies Inc., a subsidiary of Paradigm Advanced Technologies, Inc. (OTCBB:PRAV), (www.powerloc.com) announced yesterday that it received Pocket PC Magazine's prestigious People's Choice Award. Only three months after its introduction, Destinator(TM) was voted best of its kind product in the GPS category by outperforming seven other more established competitors - http://www.pocketpcawards.com/cgi-bin/survey.cgi?survey_name=ppca2001. The Award was given to PowerLOC at the Pocket PC Summit currently being held in Santa Monica, CA.The PocketPC Summit is the first trade show and conference dedicated exclusively to the PocketPC. The People's Choice Award was co-sponsored by Pocket PC Summit and Pocket PC Magazine. The Summit is targeted at business executives, enterprise-level developers, and IT professionals who are establishing mobile/wireless data and infrastructure strategies for their organizations, as well as looking to enhance corporate productivity and profitability (www.Pocketpcsummit.com). PocketPC Magazine is considered the leading industry publication devoted to handheld devices and related products (www.pocketpcmag.com).
During the Summit, PowerLOC demonstrated its 'pre-release' version of the newest Destinator(TM) 1.5 software that significantly improves the superior features of the Destinator(TM) 1.1 product. Destinator(TM) 1.5 contains a comprehensive Points of Interest database, European maps, coast-to-coast continental routing maps for the U.S. and Europe and is also available in Italian and German. This new version also offers better graphics quality, faster route calculation and recalculation, a new search algorithm for address query and improved memory consumption characteristics. PowerLOC plans to release the new Destinator(TM) 1.5 version by early November once final testing has been completed. The new version will be offered as an upgrade to all registered users of the Destinator(TM) navigation system free of charge. The European maps will be available for purchase from the Destinator's(TM) Web site (www.destinator1.com).
Destinator(TM) is the only portable navigation system designed for smart handheld devices and PCs that utilizes premium NAVTECH(R) map data. Use of NAVTECH(R) map data positions Destinator(TM) as a strong competitor in the portable navigation sector and will contribute to the success of the Destinator(TM) product.
"This award, as voted on by the users of GPS-based navigation systems and readers of Pocket PC Magazine, further emphasizes our belief that we have created and are producing a 'best of breed' product," said Eduardo Guendelman, President and CEO of PowerLOC. "I am especially pleased with the strategic relationship that we have with Navigation Technologies. This relationship allows us to employ the best possible digital map data available in the marketplace.
"The use of NAVTECH(R) map data significantly enhances Destinator(TM). This award is also an award of excellence to Navigation Technologies and their NAVTECH(R) map data."
Ron Yekutiel, General Manager of the Destinator(TM) division, added, "In the short time since we launched the Destinator(TM) product, we have received amazing responses both from our customers and from market experts."
George Filley, General Manager, Internet/Wireless North America of Navigation Technologies said, "We are pleased with the Paradigm/PowerLOC relationship and see Destinator(TM) as a compelling application utilizing NAVTECH(R) map data."
ABOUT PARADIGM ADVANCED TECHNOLOGIES, INC. AND DESTINATOR(TM)
The Destinator(TM) product is a premium full-featured satellite navigation system for PocketPC devices and notebook computers. Destinator(TM) is one of the location-based products developed and manufactured by PowerLOC Technologies Inc., a wholly owned subsidiary of Paradigm Advanced Technologies, Inc. (OTCBB:PRAV). Paradigm provides a full range of wireless location tracking technology solutions to service providers in the telematics, GPS, M-Business, L-solutions and CRM/ERP markets. Paradigm's servers, software and devices locate, track, navigate, communicate with and manage vehicles and other assets. Paradigm owns the exclusive licensing rights to a broad based wireless location patent (U.S. Patent no. B1 5,043,736) covering the apparatus and method of transmitting position information from satellite navigational signals (such as GPS) over cellular systems to a base unit and displaying the location of that equipped object. Paradigm's rights cover all fields of use for the patented system (except for certain criminal justice applications). For further information on Paradigm and PowerLOC, visit www.powerloc.com or call (905) 764-3701 ext. 249.
Paradigm is also listed on the Frankfurt Stock Exchange - symbol - PG8.
ABOUT NAVIGATION TECHNOLOGIES
Navigation Technologies creates the digital map database that powers location-based services and navigation around the world. The Chicago-based company was founded in 1985 and is privately held. The company's 1,200 employees are in over 100 offices in 18 countries. For more information, visit Navigation Technologies on their Web site at www.navtech.com . NAVTECH(R) and RouteUSA(R) are registered US trademarks of Navigation Technologies Corporation.
This press release contains forward-looking statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Paradigm Advanced Technologies, Inc., and its business. The predictions embodied in these statements will involve risks and uncertainties and accordingly, Paradigm's actual results may differ significantly from the results discussed or implied in such forward-looking statements.