SOURCE: NavStar Technologies, Inc.

NavStar Technologies, Inc.

December 28, 2009 09:00 ET

NavStar Receives PO for 1,500 Units in Support of 10,000 Units Forecasted for First Quarter 2010

NavStar Will Provide Asset Tracking Hardware and Related Services for Vehicles, Motorcycles and Individuals in Ecuador

ANAHEIM, CA--(Marketwire - December 28, 2009) - NavStar Technologies, Inc. (PINKSHEETS: NVSRD), a firm focused on developing and commercializing multi-national asset tracking and monitoring devices for vehicles and high value cargo, today announced that the Company has been selected as the hardware vendor in Ecuador and has received the first 1,500 unit PO with the expectation that 10,000 units will be required from February to May 2010. The focus in Ecuador is expected to generate $3.0 to $5.0M in revenue for NavStar in 2010.

"We have been pursuing the Ecuador opportunity for over eight months with extensive field trial, the development of a streamlined product integration process and other technical issues that arise with a project of this scope. We will begin shipping product in late February or early March 2010," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "Our in country partner Fix Group SA has to get a great deal of credit for this win. Fix Group SA has been coordinating daily between the government evaluation team and our technical team to resolve every issue that came up during the trial."

"With the NavStar product trial we have proven that their tracking devices can function in vehicles and motorcycles which is a requirement in Ecuador. There is a huge opportunity in Ecuador for both NavStar and Fix Equipment S.A. The successful trial and the execution on this initial PO could lead to as many as 40,000 units being purchased in the next twelve months," said Roberto Manosalvas, General Manager, Fixed Equipment S.A.

About NavStar Technologies, Inc.

NavStar (www.navstarinc.com) is focused on the creation of products and services that provide tracking and monitoring of vehicles and high value cargo, equipment, and other valuable and personal assets.

Contact Information

  • CONTACT:
    NavStar Technologies, Inc.
    Patrick Bannister
    714-502-6900
    Email Contact