NavStar Technologies Releases Product Update to Support the $4.5M Purchase Order for the PowerSports Market Segment
Today : Wednesday 25 January 2012
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, has issued a product update to support their $4.5M purchase order for the US PowerSports market segment.
The NavStar product designed specifically for the PowerSport industry is in prototype stage and is being tested over the next two weeks and should be ready for fulfillment in May 2012. The major focus of the NavStar device and service is the recovery of stolen motorcycles and scooters. More than 30,000 motorcycles/scooters are stolen annually in the US and Canada, and the NavStar monitoring and tracking device and service is being designed to address this major concern of PowerSport owners. NavStar is pleased to report great progress on developing an affordable solution to satisfy this demand.
The NavStar PowerSports device is lightweight and compact in size (1.8" x 3.5" x .8") for easy concealment and is powered by a powerful 32 bit microprocessor with large program memory to accommodate robust and versatile applications. The product supports all four GSM frequencies so it can be used anywhere in the world. Other features include a rechargeable battery, weather-resistant case, intelligent power management system, accelerator chip for detecting movement and measurement of the rate of acceleration. The service platform is designed to support the stolen vehicle recovery service but also designed with open architecture to stimulate other software applications.
"We are pleased with the product/service progress to date. This feature rich, low cost product/service offering will make protecting a motorcycle/scooter affordable for everyone. The NavStar PowerSports hardware and service offerings have been designed with input from PowerSport owners to solve several problems that have existed in this market segment for years," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "We are excited about completing the field trials in February and expect to be manufacturing in March and selling products and services in May. Our goal of focusing on this market segment is to provide affordable products and services to address the needs of the 6.1M PowerSport owners in the US."
GLTA!
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