Press release from Marketwire
Webtech Wireless Announces Order From Major Fleet Customer
Tuesday, April 23, 2013
Webtech Wireless Announces Order From Major Fleet Customer06:00 EDT Tuesday, April 23, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 23, 2013) - Webtech Wireless Inc. (TSX:WEW), a leading provider of vehicle fleet location-based services (LBS) and telematics technology, today announced it has received three orders totaling approximately $2 million in hardware and services from an existing US fleet customer. The first and second of the three orders were received and goods delivered in the Company's first quarter with the largest of the three orders, received in early April for goods and services to be fully delivered and revenue recognized in the Company's second quarter ended June 30, 2013.
"We are very pleased to have the opportunity to continue to service this Fortune 100 client. We appreciate their continued confidence in Webtech Wireless and our ability to save them money and meet their operating and strategic goals. While this is primarily a hardware sale, it also validates our ongoing license and service arrangements with this customer who has now introduced Webtech Wireless technology into three of their US operating units," said Scott Edmonds, President and CEO of Webtech Wireless.
About Webtech Wireless ®
Webtech Wireless (TSX:WEW) is a leader in providing fleet management telematics, GPS and automatic vehicle location (AVL) solutions that improve efficiency, accountability and reduce costs. Our end-to-end solutions automate record keeping and regulatory compliance, reduce fuel burn and idling, mitigate risk, and keep drivers safe. Managers trust us to ensure people are accountable and vehicles are visible. Through the cloud, in the office, or straight to mobile devices, we deliver Fleet Intelligence Anywhere™. Our products are InterFleet ®, for government winter maintenance, public works and waste management fleets; and Quadrant ®, for commercial fleet operations and compliance (HOS, EOBR). Please visit www.webtechwireless.com.
All amounts in Canadian dollars (CAD$) unless otherwise noted. Trademarks are the property of their owners.
FOR FURTHER INFORMATION PLEASE CONTACT:
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.Contact Information:
Webtech Wireless Inc. - Investor Relations
Chief Financial Officer
+1 604 .434.7337
Webtech Wireless Inc. - Press and Media
Vice President Marketing