Effective Control Transport Announces Signing of Letter of Intent with Shaw Tracking, concerning a proposed Re-sale agreement of the CRAM product in Canada
MISSISSAUGA, ONTARIO October 28, 2008 – Shaw Tracking, a Shaw Communications Company (TSX: SJR.B and NYSE:SJR), the leader in mobile communications for the Canadian Transportation industry, today announced today that it has entered into a letter of intent with Effective Control Transport Corporation, a division of Effective Control Transport Inc. with respect to the negotiation of a proposed Re-sale agreement / partnership in relation to the CRAM ™. The agreement is anticipated to close before January 1, 2009.
Should the parties conclude the agreement, Shaw Tracking and Effective Control Transport Corporation would seek to integrate the CRAM ™with Shaw’s suite of fleet management, compliance and security solutions.
“Supplying the CRAM technology to Shaw Tracking could be a major step forward in our plan to position the CRAM technology as a standard for driver/operator fatigue and awareness monitoring and detection. The proposed re-sale agreement / partnership may also ensure the expansion and penetration of the CRAM technology across the Canadian market via Shaw's expansive customer base,” said Raphael Huppé, CEO of Effective Control Transport Corporation”
“We are looking forward to exploring the integration of this technology with our products and customers. The availability of real-time fatigue monitoring will be a valuable option for fleets who wish to maintain the utmost in safe operations,” said Kate Rahn, Director of Marketing and Business Development
Shaw Satellite Services is owned and operated by Shaw Communications Inc. Shaw Communications is a diversified communications company whose core business is providing broadband cable television, High-Speed Internet, Digital Phone, telecommunications services (through Shaw Business Solutions) and satellite direct-to-home services (through Star Choice) to 3.1 million customers. Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (Symbol: TSX - SJR.B, NYSE - SJR).
About Shaw Tracking
Shaw Tracking, a Shaw Communications company (TSX - SJR.B, NYSE – SJR), offers integrated on-board computing technology and value-add wireless data solutions for the Canadian transportation, mobile workforce and logistics industries. For over 17 years Shaw Tracking has been focused on providing scalable over-the road fleet management business solutions for organizations of all sizes. With over 700 customers and 40,000 vehicles Shaw Tracking has established economic payback and proven results. Additional information about Shaw Tracking is available at www.shawtracking.ca.
For more information, please contact:
Mike Ham Vice President Shaw Tracking Tel: (905) 403-2098 Email: mike.ham@shawtracking.ca
Forward-looking Statements This news release contains certain forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in our forward-looking statements. Factors that could cause actual results to differ materially include, without limitation, changes in market and competition, technological and competitive developments and potential downturns in economic conditions generally. Therefore, actual outcomes and results may differ materially from those expressed in such forward-looking statements. Furthermore, a forward-looking statement speaks only as of the date on which such statement is made. The Company assumes no obligation to update or revise them to reflect new events or circumstances.
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