NEWS - Effective Control Transport Expands to Worldwide Software Licensing and Integration Services
Friday, February 29 2008 12:29 PM, EST
Market Wire "US Press Releases "
LONGUEUIL, QC -- (MARKET WIRE) -- 02/29/08 -- Effective Control Transport, Inc. (PINKSHEETS: EFFC) (www.econtroltransport.com), a leading software and solution provider specializing in technology that monitors a drivers vigilance, today announced the expansion in software licensing and integration services, and the acquisition of a software company offering high level management of data security and encryption.
Future growth and the company's sales and marketing efforts focus on The FOLO CRAM(TM), which allows for effective monitoring in the vigilance state of the driver, including but not limited to fatigue. It has been scientifically proven that fatigue is directly linked to decreasing levels of cognitive resources. Thus, in monitoring the availability and reduction in precious cognitive resources needed for safely driving a vehicle, drivers and fleet managers are capable of ensuring timely preventive actions.
The FOLO CRAM(TM) does not affect the driver's normal performance. It requires no special connection or wiring and is easily integrated into fleet management applications already installed in the market today.
With timely and accurate information such as the one provided by the FOLO CRAM(TM) application, preventive actions can be taken by the driver and the fleet managers to avoid costly incidents and potentially catastrophic accidents.
After significant and comprehensive market and industry analysis, ECT has determined to focus its business efforts on software and integration solution services. Because of the recent months of successful implementation of this framework and since ECT will no longer need to engineer and manufacture hardware, the company has decided not to move forward with the Argo Navigation acquisition.
Raphael Huppe, CEO of ECT, stated, "We continue to see a tremendous demand for The FOLO CRAM(TM), and we believe our future growth is in the licensing of ECT's suite of software applications through leading worldwide service providers of AVL and fleet management services as well as through the monthly monitoring fees that will be charged to compile and report the data that is collected. Additionally, field test results of the Advanced Biometric Identification Technology application known as FOLO ABIT(TM), which is used for security and driver profiling, have been very successful. The system's ability to identify and build a profile of a specific driver, offers companies many different uses including but not limited to, the eventual elimination of the 'log book' as well as ability to know which drivers take longer to become drowsy and what types of routes work better for different drivers."
"This acquisition will enable ECT, through its products and services, to optimize the security between the FOLO CRAM(TM) and FOLO ABIT(TM) and our backend infrastructure, completing a full monitoring and reporting solution. The response from leading fleet management service providers has been overwhelming and we believe the benefits of becoming a licensor and integration solution provider will eliminate the upfront manufacturing costs and provide better margins including exponentially increasing our time to market," concluded Mr. Huppe.
ECT is an information technology firm that has developed fully integrated solutions for the transportation industry along with offering the highest level of technical expertise enabling them to service a wide range of customers and provide tailored solutions.
For additional information visit www.econtroltransport.com.
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Investor Relations
Andrew Barwicki
516-662-9461
AI
