NavStar Technologies, Inc. Update on Field Trial to Electronically Record Hours of Service to Comply With the US Trucking Indust
Date : 10/27/2010 @ 9:00AM
Source : MarketWire
Stock : NavStar Technologies, Inc. (NVSR)
Quote : 0.028 0.0 (0.00%) @ 9:15AM
NavStar Technologies, Inc. Update on Field Trial to Electronically Record Hours of Service to Comply With the US Trucking Indust
NavStar Technologies (OTC) (USOTC:NVSR)
Intraday Stock Chart
Today : Wednesday 27 October 2010
NavStar Technologies, Inc. (PINKSHEETS: NVSR), a company focused on producing and commercializing products and services for tracking/monitoring and reporting on the location and condition of high value cargo and other assets, today announced that an extensive review of the data collected from the Electronic On Board Recorder (EOBR) East Coast trial has verified that current software applications and data collected will satisfy the EOBR mandate for reporting hours of service (HOS).The next step is to validate the report format with the Department of Transportation (DOT) and to totally understand their exact requirements.
Another objective of the East Coast trial was to understand the hardware requirements, along with interface and connectivity challenges so that adjustments can be implemented on our NSTRAK tracking and monitoring devices. Early results would indicate that current hardware with minor modifications will meet all mandated requirements for EOBR while providing valuable productivity and efficiency tools for the individual trucking companies.
"We believe the EOBR market will develop rapidly in the coming months, and that our product is now ready to enter that market. The current law as mandated by the DOT, requires trucking companies with 10% safety violations to be EOBR compliant and to electronically report their hours of service. We believe it is only a matter of time before the EOBR mandate will apply to all interstate trucks, and buses," said N. Douglas Pritt, Chairman of NavStar Board of Directors.
Not only is the DOT considering the broader EOBR mandate, but the U.S. Congress is also. U.S. Senators Mark Pryor, D-Ark., and Lamar Alexander, R-Tenn., introduced U.S. Senate Bill 3884 Sept. 29, 2010. They said this legislation "will improve the safety of highways by requiring commercial truckers to use technology that tracks their Hours of Service."
NavStar has targeted 2 upcoming national Truck Owner Conventions to display EOBR product to Truck Owner Operators, and Trucking companies and will announce the details as they are finalized.
About NavStar Technologies, Inc.
NavStar (www.navstarinc.com) is focused on the creation of products and services that provide tracking and monitoring of vehicles and high value cargo, equipment, and other valuable and personal assets.
CONTACT:
NavStar Technologies, Inc.
Patrick Bannister
714-502-6900
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