Ultrack Systems Inc (MJLB)

[BilboBAGholder]

Last month Ultrack Systems announced the planned rollout of its ELD in Q1. The ELD market is currently booming because of the vast number of growing commercial fleets coupled with new Canadian national mandate and requirements. Many countries including the USA and Canada have begun mandating hardware that connects to a vehicle's engine to record driving hours and other data. The ELD hardware is only as good as the software it pairs with and Ultrack provides the most robust software currently available in this growing industry. Especially important moving into 2021 is for ELD's to offer data that is specific to trucking industry and Ultrack is already there and ahead of the curve. Ultrack will be at the forefront of tracking hardware and software as fleets evolve from combustion engines into the EV transportation industry. Ultrack plans to significantly expand its sales force across much of Canada in conjunction with the new ELD rollout. Additionally, as part of our new marketing initiative the current Ultrack website will be redesigned and enhanced.

https://www.barchart.com/story/stocks/quotes/MJLB/news/847532/ultrack-systems-looks-ahead-to-q1-2021-highlights-new-eld-product-launch-usa-rollout-and-more

$MJLB