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Company Spotlight:
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THE FUNDAMENTALS |
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CORPORATE OVERVIEW |
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PRODUCT HIGHLIGHTS |
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CONTACT INFO |
PowerLOC Technologies Inc.
30 Leek Crescent, Suite 103
Richmond Hill, Ontario, Canada L4B 4N4
Telephone: 905 764 3701
Fax : 905 764 3680
Email:
info@powerloc.com
Web Sites:
http://www.powerloc.com/ and
http://www.destinator1.com/
Investor Relations Contact:
D.Brian Hay
VP, Communications
Phone: 1-866-798-0905
E-mail:
bhay@powerloc.com
RECENT NEWS |
February 26 -
Paradigm Announces the Development of a Next Generation Personal
Location Device - PLD - Utilizing SiRF's GPS Chipsets
Eduardo Guendelman, President & CEO of Paradigm Advanced Technologies,
Inc., confirmed today that the company was working on a next generation of
Personal Location Devices (PLDs) expected to be launched in Q2/02, which
integrates GPS chipsets from SiRF Technology, Inc.
``For some time emergency response workers have recognized the need for
improved technology to identify the physical location of people in
emergencies. While some such devices currently exist, they tend to be
heavy and cumbersome. The new generation of PLDs that we are developing
based on SiRF's GPS technology features a much higher degree of
miniaturization while offering enhanced performance and reliability,''
Guendelman said.
``With an aging population the growing incidents of Alzheimer's and
related disassociative diseases increase the demand for easily worn or
easily carried devices. As well, many parents want to know where their
young children are in a day and age of increased mobility and
urbanization. Correctional services departments at the federal, state,
provincial and municipal levels are seeking enhanced methods to monitor
certain parolees and those whose sentences do not require incarceration.
There are emergency management and emergency medical services as well as
military applications for such PLDs, also,'' noted Yoram Shalmon,
Paradigm's Project Manager for the World Trade Center disaster recovery
project.
Kanwar Chadha, founder and vice president of marketing for SiRF
Technology, said ``We are delighted to be working with a company as
innovative and creative as Paradigm Advanced Technologies on this and
other advanced wireless location mobile products. It is a special honour
to know that Paradigm's products using our technology are helping efforts
in the World Trade Center disaster recovery project.''
February 19 -
Paradigm's Destinator -TM- Offered as a High-End Navigation Accessory
by Automotive Dealers
Eduardo Guendelman, President and C.E.O. of Paradigm Advanced
Technologies, Inc., today announced that PowerLOC Technologies Inc., a
wholly owned subsidiary of Paradigm, has expanded its Destinator(TM) sales
channels to include automotive dealers.
GPS & MORE LTD. (www.gpsmore.com), the Israeli Destinator(TM) distributor,
has recently signed an agreement with Meir Ltd., the exclusive importer
and dealer of Volvo Jaguar and Honda in Israel. Under the terms of the
agreement, the Destinator(TM) navigation system will be installed by the
dealer in high-end Volvo cars in Israel and will also be offered as a
standard accessory in a subsidized price for all of the other Volvo
models. The Destinator(TM) navigation system will be professionally
installed in the vehicle by the Volvo dealer and hosted in a specially
designed cradle.
``The uniqueness of the Destinator(TM) technology is its ability to
stretch the relatively limited capabilities of PDAs and smart phones to
offer a cheap and mobile navigation solution with the same degree of
excellence as the luxurious high-end navigation system,'' said Ron
Yekutiel, General Manager of the Destinator Division in Paradigm. ``Recent
deals with automotive dealers reconfirm that Destinator(TM) went a step
further from being successful in the PDA arena to standing up to the
highest industry standards set by the luxurious in-vehicle navigation
systems.''
``We are delighted with the extensive marketing efforts done by our
distributors and partners,'' said Eduardo Guendelman. ``The deal that GPS
& More struck serves us as a template for creating other relationships
with other automotive partners worldwide.''
Raz Heyman, General Manager of GPS & More, stated, ``Since the recent
launch of Destinator(TM) in our market we have been subject to endless
telephone calls from potential dealers and eager customers. Destinator(TM)
was featured in all the major newspapers and television channels. The
response was simply overwhelming.''
Mr. Heyman also added, ``In addition to selling Destinator(TM) to
corporate accounts and via retail chains we are now negotiating deals with
several car dealerships, all of which were impressed by the performance of
Destinator(TM) and show great interest in offering it as a standard
accessory with their cars.''
February 11 -
Paradigm's President Accompanies Canadian Prime Minister to Russia and
Germany
Eduardo Guendelman, President and C.E.O. of Paradigm Advanced
Technologies, Inc., confirmed today that he will be joining Canadian Prime
Minister Jean Chretien and other North American business leaders on a
special ``by invitation only'' trade trip to Russia and Germany.
Paradigm has recently commenced operations in several European countries
where distributors, OEM and licensing agreements are in place.
``This is truly a great honour to have the chance for Paradigm to
participate in such a prestigious trade mission that will expose us to
additional opportunities for our location based products,'' Guendelman
said. ``Last year in August our company was honoured to have our
Destinator(TM) portable PDA-based navigation product chosen 'Best of
Breed' by readers of Pocket PC Magazine and chosen as ''Best Product`` in
the GPS and car category in the 2002 Europe Pocket PC Awards. In November
the company was even more honoured to be selected by the City of New York
to provide tracking and fleet management technology to help ensure the
security and efficiency for the difficult and sensitive Disaster Recovery
Project at the World Trade Center.''
``In this trip we anticipate meeting with several potential Russian
clients including a major banking institution who can use our tracking
technology,'' Guendelman said. ``In Germany, we anticipate furthering
discussions with major German automotive companies regarding the
acquisition of our Destinator(TM) software as an OEM feature in their
cars.''
Business delegates will accompany the Prime Minister, Premiers,
Territorial Government Leaders and federal ministers as they travel to
Moscow, Berlin and Munich from February 12 to the 22. Agreements and
exchanges will be signed between visiting organizations and host country
businesses at the many networking receptions scheduled.
In 2000, the Russian telecommunications market was valued at $7.8 billion
and grew 60% faster than the country's economy. Important growth areas
include mobile phones and the expansion of the telecommunications
infrastructure.
Germany has the largest information and communications technology market
in Europe and the third largest globally. The total German market volume
was C$183 billion in 2001- fully one fifth of the total European market
and accounting for 6% of the global market.
December 20 -
Paradigm Prominently Featured in CIBC World Markets' Research Report
and NY Post Article
Paradigm Advanced Technologies, Inc., confirmed today that it was
prominently featured in the November Equity Research Report written by
CIBC World Markets and in a New York Post article dated December 16, 2001,
written by Emily Lambert entitled ``Pinpointing Good Navigation Plays.''
The CIBC World Report for the third quarter of 2001 was an update on a
variety of companies involved in the Wireless Equipment sector including
Paradigm. Although the authors of the report, Barry Richards and Spencer
Churchill, indicate that the year to date (2001) has been one of the worst
for the wireless industry as a whole, they feel that there are a number of
sectors within that industry that are poised for near-term recovery. They
identify the Location-Based sub-sector as a sector that is ``beginning to
show signs of promise, as older asset tracking markets and the telematics
industry are beginning to grow.'' In the report, CIBC World Markets
indicated that Paradigm was one of the top performing companies. A copy of
the report can be accessed from Paradigm's website at www.powerloc.com.
In even more recent news, the New York Post released a business report
confirming that global positioning systems, which can pinpoint any place
on earth using satellite signals, appear to be well-positioned in the
market these days. A number of analysts concluded that the location based
sector and companies, like Paradigm, are an ``undiscovered area of the
market''. Paradigm was named as one of the companies to watch within the
sector and its recent contract with New York City featured. A copy of the
article can also be found on the Paradigm website.
RECENT SEC FILINGS |
December 27 -
Quarterly Report (SEC form 10QSB/A)
November 14 -
Quarterly Report (SEC form 10QSB)
August 14 -
Quarterly Report (SEC form 10QSB)
For a complete list of SEC filings, visit
NASDAQ.com.
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