TelePad Subsidiary Awarded Contracts
29 September 1998
TelePad Subsidiary Awarded Contracts from Knoxville & Providence Police Departments
HERNDON, Va.--Sept. 28, 1998--TelePad Corp. announced today that its wholly-owned subsidiary L&E Mobile Computer Mounts, Inc., (L&E), a leader in the manufacture of mounting equipment and turn-key integration of communication systems and computers into vehicles, has been awarded contracts to supply the Knoxville, TN Police Department and the City of Providence, RI Police Department mobile computer mounts for more than 340 vehicles. The new L&E contracts are valued at more than $240,000. According to the announcement by TelePad Chairman and CEO, Don Barrett, the Company has announced numerous contracts during the last 4 months, incorporating its computer mounts and/or mobile communications systems into more than 1300 vehicles in 4 states.As a result of increasing demand from the public for tighter security controls and police response times and better information in the field, the market for mobile computing systems for these applications is estimated by the Department of Justice to be growing upwards of 30% annually. By incorporating the latest in mobile communications systems into its field vehicles, police departments, service personnel and emergency rescue departments are better able to make on-the-spot decisions based on information rather than on judgement.
Barrett said, "We continue to penetrate new markets with our mobile computing solutions, capitalizing on the rapid industry growth and expanding brand awareness. Though the contracts with Knoxville and the City of Providence do not represent significant revenue, they are meaningful in that our new universal mount system is becoming more widely accepted, growing our base of customers across the nation."
In addition, he said, "Each new customer had the potential to expand its mobile communications systems, thereby offering L&E and TelePad opportunities to generate additional contracts in the future."
TelePad Corp., www.telepad.com, is an internationally recognized leader in the development of Field Force Automation. The Company provides "total solutions," including mobile computer platforms, application software framework, wireless networking, and integration services that enhance the productivity of the mobile professional. L&E Mobile Computer Mounts, Inc., www.lemobilemounts.com, integrates mounting communications systems and computers into vehicles and offers a comprehensive range of vehicle computers, docking stations, mount systems, communication equipment, antennas, cable, power distribution centers, modems, and voltage/reverse polarity protection units. The Company designs and manufactures mounts and is currently establishing a nationwide distributor network.
The statements in this press release that relate to future plans, events, or performance are forward-looking statements that involve risks and uncertainties, including risks associated with the uncertainties pertaining to acquisitions and strategic alliances, customer orders, demand for products and services, development of markets for the Company's products and services and other risks identified in the Company's SEC filings. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereto. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.