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January 2001
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Paradigm signs distribution and software license agreements with Anytrack Solutions
Toranto--Jan. 30, 2001--Paradigm Advanced Technologies, Inc. of Toronto, through its PowerLOC wireless-position-location division, announced it has executed an agreement with Anytrack Solutions Inc. of Milton, Ontario. The agreement provides for Anytrack to purchase PowerLOC's L-Biz technology and mobile GPS tracking units. The PowerLOC L-Biz client software that Anytrack will acquire will enable Anytrack's clients to track and display the position information of the mobiles. This advanced client interface will also provide an advanced ASP fleet management capability that is scalable to thousands of vehicles that are managed on the system by the client via an Internet connection. The Tracker server provides the wireless communications network access as a gateway, between the devices and the client software.
PowerLOC and Anytrack will jointly integrate Anytrack's electronic map information, which includes mapping for many countries around the world, with the Tracker. PowerLOC will assist in the negotiation and execution of agreements with wireless carriers and also provide consulting and on-site services to Anytrack.
Anytrack has been involved in the wireless radio, location and tracking businesses for many years and has extensive international contacts in North America, South America, Europe and Asia and is already negotiating the delivery of PowerLOC L-Biz(TM) wireless location technology and solutions to several customers in these areas. Anytrack plans to use the PowerLOC L-Biz(TM) L-Commerce products to provide a full location tracking solution to its customer base.
"Anytrack and its founders have considerable experience in the wireless location tracking business and we look forward to working closely with them to develop and implement unique L-Biz(TM) solutions for their international customers," said Paradigm's President/CEO Eduardo Guendelman. "The market is growing rapidly and we believe that our alliance with partners such as Anytrack and our recent agreement to acquire NaftEL's business will considerably strengthen our capabilities."
About Paradigm Advanced Technologies, Inc.
Headquartered in Toronto, Paradigm Advanced Technologies, Inc. provides wireless location-based electronic commerce (L-Commerce) solutions. Paradigm owns the exclusive licensing rights to a broad-based wireless location patent
For
additional information visit www.powerloc.com
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