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Ultrack is mentioned in the following article about Pedigree Tech, which discusses how rigorous the cert process is but a key line is, "Pedigree has something in common with the other companies (other TC certified ELDs). It's not a large player in the universe"
There's still plenty of pie left to go around whether first certified or not and the Windows platform will set us apart, boosting notoriety once the 3rd party articles start coming out IMHO.
https://www.freightwaves.com/news/canada-eld-certification-very-rigorous-company-says-after-completing-vetting
I've been told by a credible source the ELD was shipped as referenced and has been resubmitted. Now we wait patiently but there is light at the end and we are officially in the tunnel, IMHO
"positive energy activates constant elevation..."
That's an excellent point Handmade, and it means we can still be 1st to market with a superior platform (Windows based)
2 more devices certified on TC's website today, but want to hear the good news...ComDriver certified a device as of 8/24/21 and they have only been an approved certifying body since 7/23/21.
That means 30 - 33 calendar days for certification, not business days... Our timeline has potentially been shortened by a sizable margin and before the end of September is squarely in our sights!
Doog! Good to have you back buddy! Looking forward to good times just up ahead...
Q2 financials posted. Increased revenues and we're just getting started...:
https://www.otcmarkets.com/stock/MJLB/disclosure
Fasten your seat belts for Q3 and beyond! Imho
New tweet out. Brochures are finalized:
https://twitter.com/UltrackI
New tweets out. The new website is due any time now:
https://twitter.com/UltrackI
New Tweet. Submission of ELD expected next week:
In-House testing should be completed this weekend and Major/Medium/Minor bugs have been fixed. We have also been adding a 2 way messaging system from the backend server to vehicle. Just another added benefit for our clients.
$MJLB In-House testing should be completed this weekend and Major/Medium/Minor bugs have been fixed. We have also been adding a 2 way messaging system from the backend server to vehicle. Just another added benefit for our clients.
— Ultrack Systems Inc. (@UltrackI) August 6, 2021
New tweet with explanation on the website being down
$MJLB Website was down over the weekend doing some major upgrades to the web server. All good now and soon to be refreshed with Hardie and Company's new layout.
— Ultrack Systems Inc. (@UltrackI) August 3, 2021
New tweet out. We're in the home stretch on the in-house testing
https://twitter.com/ultracki
Considering the sp at this point, a little positive attention by any financial news source can't hurt, IMO. Also, thanks for the clarity on the 33 day certification timeline. I'm hoping the timeline can be streamlined at least slightly considering all the testing and results are being completing in-house prior to the certifier's review.
New article out this morning and I've heard we may receive an additional company update today
https://myemail.constantcontact.com/-MJLB-News-Adds-Europe-To-The-Mix.html?soid=1105401146433&aid=LnB1KcAPwDE
From the PR, Ultrack is submitting their ELD to the newest certifying body, ComDriver Tech, answering the question on whether they are still in queue with FPI or starting anew with a new certifier. Considering FPI/TC has yet to certify a device to date, I think Ultrack likely has a strong reason for choosing ComDriver over FPI and CSA Group.
Good times for Ultrack and its shareholders are just around the corner, IMO
*Not 4-6 weeks like FPI (said "months" in error previously)
IMO, Ultrack is in prime position regardless of whether resubmittal if already in queue, or submittal to the new certifier with a faster timeline. Either way, we are looking at the high likelihood of certification no later than September--which is perfect timing considering the OTC markets will be rid of all the crap tickers by then.
I'll repeat, time to get excited IMO
Third certifying body has been added! The best part...a 33 day certification timeline---Not 4-6 months like FPI
Time to get excited, IMO
https://tc.canada.ca/en/road-transportation/electronic-logging-devices/registry-accredited-certification-bodies
https://www.comdriver.tech/eld-certification-program
The tweets keep coming people and the volume is up as well. Please slap the ASK for some buying pressure and upward momentum because these shorts are not going down without a fight
Ha! I just caught the reference from the 2nd screen shot! Great tunes indeed...
It's mentioned in the first tweet from this morning
Tweet #2 was just posted and they're expected every 30 mins... Stay tuned!
Multiple new tweets out today:
https://twitter.com/UltrackI
The question was never surrounding preparedness for the June 12th deadline by the big name companies, or Ultrack for that matter. It's whether the big boys have actually submitted (or resubmitted) their devices for certification yet, after the changes to the ELD requirements.
My opinion is strictly based on whether Ultrack has the potential to be higher in the queue than the competitors.
Exactly. MJLB is not a current member of the Canadian Trucking Alliance (CTA), hence they have marketed themselves as a game changer with disruptive technology i.e. standing apart from the current "big boys". IMHO
I'm not sure if anyone saw or mentioned this article, but my instincts are telling me that none of the big name ELD providers on this list have even submitted for ELD certification yet, or else they would have said so plainly. In my opinion, Ultrack being first to market is still very achievable.
http://cantruck.ca/message-from-cta-team-canada-eld-vendors-the-state-of-canadas-third-party-eld-certification-process/
Heard though the grapevine that a PR with updates is expected within the week.
Ultrack partner, Iridium, was just awarded a $30 million dollar US Army contract.
https://www.prnewswire.com/news-releases/iridium-awarded-30-million-research--development-contract-by-the-united-states-army-301318757.html
Not to mention their other partner, Telus, being recognized as the fastest internet speed provider in Canada for 2 years running.
https://www.globenewswire.com/news-release/2021/06/24/2252647/0/en/TELUS-unleashes-Canada-s-fastest-Internet-speeds-and-invests-2-billion-to-expand-its-fibre-optic-network-in-Calgary.html
MJLB is certainly in good company and has exponential growth potential, imo. Don't miss the boat...
Who's got $660 bux to take out the .066s? I wish I could, but I'm out out powder
Thanks for sharing. Well at least it wasn't boilerplate and they did confirm certifications will be listed as verified.
Here's a new article mentioning Ultrack amongst other large fleet management companies that could benefit from a recent investment in the sector by Amazon:
https://drpgazette.com/2021/06/24/amazon-latest-big-investor-in-fleet-management-these-stocks-could-benefit/
Great news, Transport Canada has just named a 2nd certification body so things should move faster now. Hopefully we see MJLB atop the TC board in the next week or so...
https://www.trucknews.com/regulations/second-eld-certification-body-announced/1003151730/
The latest article I could locate on ELDs and the fast approaching mandate date:
http://cantruck.ca/editorial-e-day-is-here-the-june-2021-eld-mandate-marks-a-new-era-for-hours-of-service-safety/
It does strike me as odd that all news coverage of the ELD deadline has stopped since mid-May...
My thoughts exactly. Certainly wouldn't come as a surprise because there are other big name companies headquartered in Canada that also have Telus/Rogers and Iridium partnerships in place. Also could explain the share reduction, and reference to share buybacks and or dividends mentioned in an Ultrack PR from earlier this year. Gotta admit the suspense is killin' me (and my account balance unfortunately)
That's an excellent point tele55...one that's definitely worth repeating on this Board and several others
Article from today citing "technical and bureaucratic challenges that are creating a backlog with certifying ELDs". We are not the only ones in this boat, but the only publicly traded ones to my knowledge:
https://www.ttnews.com/articles/canadian-eld-progressive-enforcement-period-nears-expert-urges-training
I like your thinking... With us being less than 30 days from the June mandate, it does feel like a dam is about to burst at any moment now
I agree with everyone here who believes this current pps sucks MIGHTILY but...take a look back at the ALPP boards from about 11/15/20 onwards for some motivation. We know we're sitting on a golden egg but the daily hatching process is excruciating...
Someone on the ALPP board thought the idea of $3.50 in the next 2 years was incredulous, but look where they are only months later...
PAYtience will pay off...
Happy to contribute!
Just found this article confirming the mandate still stands at June 12, 2021:
https://www.trucknews.com/equipment/delayed-regulation-could-have-threatened-entire-eld-mandate-says-cta-president/1003150983/