Numerex Debuts New Wireless Vehicle Recovery and Location Solution
MobileGuardian(TM) Provides Vehicle Owners with On-Demand Tracking, Monitoring And Reporting Capabilities in the Event of Vehicle Theft ATLANTA, Feb. 19 -- Numerex Corp. announced today the release of MobileGuardian(TM), a Web-based vehicle location and recovery solution that combines the accuracy of GPS (Global Positioning System) and Cellemetry(R), the Company's nationwide cellular control channel data network. MobileGuardian(TM) is a professionally installed, wireless tracking device that targets the luxury and near-luxury car owner through automotive dealerships across the country. The Company regionally launched its MobileGuardian(TM) solution in Georgia and Florida and has plans to expand nationally over the course of 2003. Since the initiative began late last month, the Company has completed 20 agreements that cover multiple dealer locations and have resulted in several orders and product commitments. "Vehicle monitoring and recovery applications are becoming an increasingly sought after option for the security-minded new car buyer, particularly in the luxury auto segment. Our MobileGuardian solution provides reliable and timely location information in a crisis, as well as on-demand tracking capability of friends and family throughout their travels," said Stratton Nicolaides, chairman and CEO, Numerex Corp. "Vehicle monitoring, reporting and recovery is a logical extension of our Security Solutions portfolio and further leverages the power of Numerex's Cellemetry network. We plan to continue to support our VARs and application providers in other mobile markets, including mobile retail, sub-prime and fleet tracking." Recent research issued at the National Automobile Dealers Association (NADA) conference in San Francisco revealed that car buyers today have a higher interest in automotive products such as theft protection systems that provide an added sense of security. Insurance discounts are also motivating more car buyers to consider installing anti-theft devices. Many leading insurance providers are now offering discounts on comprehensive premiums with the use of anti-theft vehicle tracking devices. Twelve states (Florida, Illinois, Kentucky, Louisiana, Massachusetts, Minnesota, New Mexico, New York, Pennsylvania, Rhode Island, Texas, and Washington) require insurers to give car owners discounts on their comprehensive insurance for anti-theft devices. "We are enthusiastic to offer after-market products like Numerex's MobileGuardian, as it demonstrates our vested interest in providing our customers with vehicle security solutions that give them peace of mind, and provides us with the opportunity to increase our per vehicle revenue (PVR) and meet our growth goals," said Sid Barron, general manager of Hank Aaron BMW of Atlanta. How it works When a vehicle is stolen, the car's alarm system will trigger a message to the MobileGuardian(TM) device, which will then wirelessly transmit a theft alert notification message to the vehicle's owner via their wireless phone, email or pager. The owner can then simply log on to the secure MobileGuardian(TM) Web site with their unique login name and password to send an immediate locate request to the vehicle (via Numerex's data transmission device, GPS technologies, and the Cellemetry(R) network.) Owners can then remotely disable the vehicle at the touch of a button, call authorities to report its location anywhere in North America, and once recovered, re-enable the vehicle at the touch of a button. Users are also given the option to purchase additional "locates" beyond what is allotted at the time of installation, to track their vehicle in times of non-emergency. MobileGuardian(TM) key features include: * Nationwide wireless coverage via Numerex's Cellemetry(R) network * Immediate theft alarm notification messaging sent to any email-enabled device * On-demand location information * Remote enable and disablement * Secure Web interface for monitoring & reporting * No monthly fees for the consumer "This solution allows us to further expand our wireless data communications services portfolio to meet the growing need for theft protection systems that go beyond the traditional car alarm," said Roland Rice, EVP, general manager of Security Solutions for Numerex Corp. "Statistics show that motor vehicle theft grew nearly 6% in 2001 over the previous year, and MobileGuardian is positioned to help reduce the overall risks and costs associated with auto theft. We are excited to deliver to the market, a unique solution like no other available, that provides vehicle owners with the ability to track the whereabouts of their vehicle at the click of a mouse." Vehicle Theft According to the Federal Bureau of Investigation (FBI) Uniform Crime Report released in November, 2002, a vehicle is stolen every 27 seconds in the United States. The report also indicates that there were more than 1.2 million motor vehicle thefts in the U.S. in 2001, with an estimated value of $8.2 billion dollars. For more detailed product information and statistics, please visit http://www.mymobileguardian.com About MobileGuardian(TM) MobileGuardian(TM) is a Web-based vehicle recovery and location solution like no other, as it provides ubiquitous coverage throughout all of North America, via Numerex's Cellemetry(R) network. In the event of vehicle theft, owners can receive notification via any email-enabled device, and can then locate their car through the secure MobileGuardian(TM) Web site by paging the vehicle to retrieve street level data. Users can then remotely disable the vehicle, preventing it from being re-started once turned off, and guide law enforcement authorities to its location. About Cellemetry(R) Cellemetry(R) provides two-way, wireless data connectivity for a variety of machine-to-machine communications that remotely monitor, measure, or track fixed and mobile assets. The Cellemetry(R) patented technology has been licensed to strategic partners and application developers providing a broad range of solutions widely available across North and South America. About Numerex Numerex is a technology company comprised of operating subsidiaries that develops and markets wireless and wireline communications products and services. The Company's primary focus is wireless data communications utilizing proprietary network technologies. Numerex primarily offers products and services in wireless data communications through Cellemetry(R) and Data1Source(TM), and digital multimedia through PowerPlay(TM). These services enable customers around the globe to monitor and move information for a variety of applications from home and business security to distance learning. In addition, the Company offers wireline alarm security products and services, as well as telecommunications network operational support systems. For more information on Numerex, please visit our Web site at: http://www.nmrx.com. Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release.