Guardian Mobility Corporation

Charter Lakes Marine Insurance

February 19, 2008 13:12 ET

Charter Lakes Marine Insurance and Guardian Mobility Announce Agreement

Insurance Premiums Lowered for Boat Owners Who Protect Their Craft by Installing Guardian Seatrax

MIAMI, FLORIDA and OTTAWA, ONTARIO--(Marketwire - Feb. 19, 2008) - Charter Lakes Marine Insurance and Guardian Mobility announced an agreement today that would provide a discount on premiums paid by boat owners who install a Guardian Seatrax unit for many of their current programs.

Seatrax is an affordable and dependable GPS enabled satellite transmitter that automatically monitors the location of a vessel and protects it from theft. When a boat is moved from its berth, for any reason, the Seatrax unit begins sending location signals, which are then relayed to the boat owner and the authorities. With this information, the boat can be easily traced whatever its location and appropriate action taken to recover it.

Commenting on the announcement, Dan Longman, President of Charter Lakes Marine Insurance said: "The Seatrax product has proved that it has real value for boat owners. It provides a unique level of protection that we think all boat owners will want to use. This is a product and a service we want to encourage its use with our existing and future customers."

Jean Carr, CEO of Guardian Mobility welcomed the agreement with Charter Lakes Marine saying: "We appreciate this vote of confidence in our technology and our company. Charter Lakes Marine Insurance saw the value of the Seatrax product and we are pleased to work with them to make it available to the customers in this way."

Guardian Seatrax has proven itself in dramatic fashion most recently in the autumn of last year when a center console vessel was stolen from its boatlift in the Florida Keys. Unknown to the thieves, the vessel had a Guardian Seatrax unit on board which immediately notified the vessel's owner when the craft began to move. The boat was found and reclaimed by authorities two days later off the coast of Cancun, Mexico.

Charter Lakes has been developing and marketing marine insurance programs for over 20 years. Today Charter Lakes is one of the country's largest marine insurers focused totally on the insurance needs of boat owners.

Guardian Mobility Corporation offers a new generation of innovative wireless GPS systems that are used to locate and monitor people and equipment almost anywhere. The solution is ideal for operation in regions where wire line infrastructure or terrestrial wireless networks are not readily available. Our products make wireless data communications available to new applications through their affordability, ease of use and dependability.

Contact Information

  • Guardian Mobility Corporation
    Shaun Markey
    Charter Lakes Marine Insurance
    Doug Nowak
    616-975-3500 Ext. 113