AMP Inc. & Peripheral Connections Inc. Announce a Strategic Alliance
14 August 1998
AMP Inc. & Peripheral Connections Inc. Announce a Strategic Alliance to Further Develop Revolutionary Advances In Worldwide Automotive-Based Telematix
LONDON--Aug. 13, 1998--AMP and Peripheral Connections (OTC BB:PEPC) have signed an agreement (Aug. 12, 1998) to effect a strategic alliance between Skynet 2001 Ltd. (a subsidiary of Peripheral Connections Inc.) and AMP involving the Skynet 2001 satellite navigation system used for in-car communications, information, vehicle anti-theft security, vehicle locating and recovery, and personal protection.
Skynet's existing proprietary software couples GSM (cellular) GPS (Global Positioning System), SMS (short message service) and a remotely activated immobilising system. In combination these technologies uniquely `wrap' a vehicle in an invisible net of radio, electrical, electronic, mechanical, ultrasonic, telematics, and ever watching satellite protection that spans national boundaries and continents.
AMP's vast research, development and manufacturing capability in the diversity of areas combined with its leadership position in the electrical/electronic interconnections markets puts the Alliance at the cutting edge of advanced technologies in this field.
Skynet/AMP will add satellite and mobile phone technologies to a vehicle manufacturer fitted security system and then permanently watch over it 24 hrs a day 365 days-year.
New developments include: Hands-free vehicle driver interface, Internet access, Sophisticated mapping, Improved car security, Medical alerts for accident victims.
Juergen Gromer, president of AMP's Global Automotive Division, said, "The delight of being able to protect cherished vehicles and cargo is surpassed only by the potential to keep loved ones safe.
"The AMP/Skynet 2001 Strategic Alliance heralds the dawn of a new era in the automotive industry providing us with the capability to do both those things and much more, AMP is excited at the chance to work on development of incredible state-of-the-art technologies with such an accomplished partner."
Tomas G. Wilmot, president of Peripheral Connections Inc. and chief executive officer of Skynet 2001 Ltd., said, "I welcome the powerful Alliance, it will enable us to retain dominance of the telematics market in the automotive industry where car theft and personal security are horrendous worldwide problems looking for a long term solution which we can now help to provide."
David Stead, GB Industry manager of AMP's Global Automotive Division, said, "In striving to meet the changing needs of our customers we have had to become change implementors. We have sought to make full use of our own competencies and build on our strength by aligning ourselves with only the strongest partners.
"The agreement with Skynet 2001 clearly puts the Strategic Alliance in a leadership position in what is emerging as one of the motor industry's fastest growing and most dynamic technologies."