Auto-Q Launches New PC Based FleetTrak System
LONDON--Nov. 12, 2002--Auto-Q International (OTC BB:AUTQ) announced today that it has launched its premium FleetTrak product to road freight fleet operators, which management believes is a unique product offering in the commercial vehicle telematics market.It provides an options rich PC based platform unit for Auto-Q's in-cab driver and vehicle performance monitoring system. This in-vehicle PC based product is able to record all the telematic activities that are currently available in Auto-Q's existing products but with the added advantage of being able to provide a large variety of additional services including: in-vehicle email, navigation, touch screen for 2-way messaging, job processing, integral voice communications and a variety of programmable options such as temperature monitoring, multiple drop scheduling and reversing cameras.
In addition to the system's core purpose of monitoring driver and vehicle performance and fuel management (delivering between 5 to 10% savings annually in fuel costs ), the system also provides many added benefits. It allows on-line communication with the driver, provides driver with information on safety procedures, daily vehicle checklist, data input recording using PDA's (for signature capture and proof of delivery), and bespoke programming options (as specified by the customer).
Auto-Q's new product is a result of a six months of intensive development. After a soft launch at the Commercial Vehicle Show at the NEC, Birmingham, UK in May 2002, a full launch is planned for November 2002. Auto-Q has initially received positive reactions from customers at the Commercial Vehicle Show which could lead to significant orders in the coming quarters. The first demonstration units are already being installed at major fleet operators..
According to Auto-Q CEO, Tom Lam, "We are pleased to be able to introduce this revolutionary product into the marketplace. We feel it shows our continued technology leadership in the telematics industry, as well as our attention to customers' needs. We believe that we have provided our customers what they have been asking for, and we are optimistic based upon early customer reaction".
About Auto-Q
Auto-Q International is one of the UK's pre-eminent Telematics players. Since 1997, the company has been developing, supplying and installing mobile data acquisition and vehicle tracking systems using global positioning systems and Telematics technology. Auto-Q's products are used for vehicle fleet and asset management including tracking and positioning, security, fuel monitoring, navigation, data acquisition and reporting. Auto-Q provides global satellite tracking for consumers, businesses and governments in the United Kingdom. For more info, please see www.auto-q.com
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, economic conditions, market acceptance of products, risks in technology and product development.