Varitek Introduces VariLink Telematics Systems for Consumer Markets
12 September 2000
Varitek Introduces VariLink(TM) Telematics Systems for Consumer MarketsHOUSTON, Sept. 12 Varitek Industries, Inc. (OTC Bulletin Band: VATK) announced today the introduction of its VariLink(TM) and VariLink(TM) Marine Systems of consumer-oriented wireless security and telematics products and services to be launched Q-4 of 2000. The announcement was made by Dan Goodhall, Varitek Industries President and CEO, from the company's corporate headquarters in Houston, Texas. "With the introduction of our consumer-oriented VariLink System, Varitek is introducing affordable access to the true peace-of-mind telematics can deliver to mass consumer markets," Goodhall remarked. "The VariLink System provides all the 24/7 features and services consumers want now," continued Goodhall, "including instant roadside assistance response, accident and medical response, tamper notification, missing vehicle or asset location, real-time tracking and recovery." Telematics is a relatively new industry that combines wireless communications and global positioning satellite technology to enable a variety of security, tracking, communications and information services for vehicles and assets. A recent UBS Warburg study anticipates telematics representing an estimated $24 billion industry as early as 2005, growing to $47 billion by 2010. The heart of the Varitek telematics solution package of technology and services is the advanced Varitek InteleSet(TM), the actual hardware unit, which is placed on a vehicle or asset. This single, self-contained "black box" houses all components of the Varitek telematics platform including GPS transponder, wireless communications boards, chipset, auxiliary power source, memory archive, surge protector and antennas. "The Varitek InteleSet unit is about the size of a paperback book," said Goodhall. "It's quick and easy to install. With no exposed antennas to snap and its own back-up power supply, it's virtually undefeatable. It can even be mounted out-of-sight for extra security." Initially to be sold to consumers through automobile and marine dealerships either as standard equipment or after-sale option, the VariLink System carries an MSRP of $899.00 for the InteleSet hardware, and a monthly service subscription starting at $24.99 for first-level services. "Our marketing program with dealerships is innovative in its support and rewards," Goodhall continued, "and response from the field has been gratifying." The Varitek InteleSet has the unique ability to be programmed, reprogrammed and upgraded via wireless downloads. Additional features and services can be added or altered remotely, without requiring the customer return to the dealership. "Ultimately, the VariLink system is delivering real value to the dealership -- and real value to the customer," concluded Goodhall. "And in this business, that's the kind of win-win situation you dream of."