Wireless Matrix Inks Contract Extensions With Energy Customers9 February 2007
Wireless Matrix Corporation (TSX: WRX) announced today that it has signed service contract extensions with two existing energy customers, with a combined value of over $2 Million for hardware and services over the next twenty four months.
Kinder Morgan's Retail Natural Gas Distribution business, a Wireless Matrix customer since 2002, has signed a two-year contract extension for their existing Mobile Base Station 2 (MBS2) deployment. Kinder Morgan's U.S. Retail business currently utilizes approximately 350 Wireless Matrix Mobile Base Station 2 (MBS2) units for remote workforce management. The MBS2 is a vehicle-mounted communications unit that integrates broadband, satellite, 802.11 and GPS capabilities. Kinder Morgan is one of the largest energy transportation, storage and distribution companies in North America.
Wireless Matrix also signed a two-year contract extension with a second existing customer. A regional energy company, they have been a Wireless Matrix customer since 2003.
"We are very pleased that these two highly valued clients have entrusted us to continue to improve their bottom lines with our wireless data solutions," said J. Richard Carlson, President and CEO of Wireless Matrix. "We look forward to serving them for many years to come."
About Wireless Matrix
Wireless Matrix provides enterprise-class wireless data solutions for business-critical mobile and remote asset operations. The company delivers real-time data services across cellular, satellite and WiFi networks; a variety of modems and hardware platforms; and transportation applications that increase productivity and reduce operating expenses with service fleet operations. Wireless Matrix is headquartered in Reston, Virginia, and has offices in Mountain View, California and Burnaby, British Columbia. For more information visit www.wrx-us.com.
Except for the historical information contained herein, the matters discussed in this press release may contain forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.
Contacts: Investor Relations Maria C. Izurieta, Chief Financial Officer Wireless Matrix (703) 262-4020 Email: Maria.Izurieta@wrx-us.com
Sales and Product Information Mike Jakab, Vice President, Sales and Marketing Wireless Matrix (703) 262-4086 Email: Mike.Jakab@wrx-us.com Website: www.wirelessmatrixcorp.com
SOURCE: Wireless Matrix Corporation
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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