SOURCE: NavStar Technologies, Inc.

November 12, 2008 08:30 ET

First Sales Order Received From Ecuador for NavStar Technologies, Inc. GPS Fleet Management System

Fixed Equipment S.A., Ecuador Provides Sales Order Toward the 15,000 Units Announced Last Month

ANAHEIM, CA--(Marketwire - November 12, 2008) - NavStar Technologies, Inc. (PINKSHEETS: NVSR) announces the first sale for 4,033 from Fixed Equipment S.A. (distribution partner in Ecuador) to satisfy the 15,000 units for the Ecuador Government Transportation Agency.

The agreement with Fixed Equipment S.A. and the government of Ecuador will generate $4.5 to $6.0M of hardware and services revenue for NavStar Technologies, Inc. in 2009.

As previously reported, NavStar Technologies, Inc. has been selected to provide asset tracking equipment in support of the public transportation system in Ecuador and will partner with Fixed Equipment S.A. (www.fixgroup.net) to provide equipment, software and related services. The NavStar Fleet Management System will allow the Public Transportation System in Ecuador to track assets, provide roadside assistance, increase security, and provide data to manage their fleet more efficiently.

"We have been field testing our hardware with Fixed Equipment S.A. and the government of Ecuador for the past 45 days; it is good to get this first sale recorded. We have a very specific sales and marketing focus on Latin America, South America and Mexico and believe this is the first of many units we will be shipping in this region," said N. Douglas Pritt, President & CEO, NavStar Technologies, Inc. "Our engineering team has worked closely with Fixed Equipment S.A. to customize our product software to meet the needs of the government of Ecuador."

"With the NavStar Fleet Management System, we are getting quality products and services from a partner with experience in South America," said Roberto Manosalvas, General Manager, Fixed Equipment S.A. "The field testing has been exceptional and we are excited about moving forward with the implementation plans."

About NavStar Technologies, Inc.

NavStar Technologies, Inc. is focused on the creation of GPS products and services for asset tracking and hands-free calling with voice navigation.

Contact Information

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