Rochester, NY 7/9/2009 9:57:40 AM
After Hours Report - CAMP - CalAmp Corp. Announces Mobile Resource Management Profits - Sourced WhisperFromWallStreet.com
CalAmp Corp.
After Hours Report - CAMP - CalAmp Corp. Announces Mobile Resource Management Profits - Sourced WhisperFromWallStreet.com
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CalAmp Corp.,CAMP
CalAmp Corp. (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, today announced that its mobile resource management (MRM) business has received orders exceeding $7.5 million during the two-month period of May and June, higher than in any prior two-month period. These recent orders are from a diverse customer base serving a wide array of MRM markets. Orders for applications in Municipal School Bus Management, Service Fleet Management, Vehicle Finance, Stolen Vehicle Recovery and Mobile Internet each totaled more than $1 million during this period. "Our MRM business is off to a strong start in fiscal 2010," said Rick Gold, CalAmp's President and Chief Executive Officer. "We are encouraged to see that our recent product introductions are building momentum as we continue to deliver value to our customers in these challenging economic times."
About
CalAmp Corp. provides wireless communications solutions in the United States. It operates through two segments, Wireless DataCom and Satellite. The Wireless DataCom segment designs and builds multi-network wireless systems that enable first responders, such as fire, police, and EMS personnel to talk, access data, and communicate with colleagues, dispatchers, and back-office databases remotely. It also provides interoperable radio communications platforms and integration services for public safety and critical infrastructure applications. In addition, this segment offers industrial monitoring and controls products to utilities, oil and gas, mining, rail, and security companies for remotely measuring fresh and wastewater flows, pipeline flow monitoring for oil and gas production, remote utility meter reading, Internet enablement, and perimeter monitoring applications.
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