SOURCE: NavStar Technologies, Inc.

NavStar Technologies, Inc.

January 30, 2012 08:30 ET

NavStar Technologies, Inc. to Leverage New Technology Hardware Platform to Satisfy US Trucking Industry Mandate for Electronic On Board Recorders

ANAHEIM, CA--(Marketwire - Jan 30, 2012) - NavStar Technologies, Inc. (PINKSHEETS: NVSR), a company focused on producing and commercializing products and services for tracking/monitoring and reporting on the location and condition of high-value cargo and other assets, has developed a unique hardware platform to address multiple tracking and monitoring market segments.

NavStar announced today that it will leverage its new technology hardware platform to provide an ultra-low cost solution to satisfy the Department of Transportation (DOT) mandate to electronically record a driver's "hours of service" via and Electronic On Board Recorders (EOBR). The GPS/wireless tracking and monitoring industry is ending 2011 in a technology march that continues revolutionizing the way trucking companies do business, and NavStar will provide products and services as 500,000 carriers in the US prepare for these changes.

"There are more than 18 million trucks in the US, and when coupled with the DOT mandate to electronically record hours of service, this is a market segment we plan to aggressively pursue in 2012. Our technology hardware platform is being designed with flexibility so that features can be added to satisfy specific market requirements," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "For the US trucking market we will include J1932/J1708 (Heavy Duty Vehicle) interfaces to our core hardware platform which will facilitate the ability to capture key data to allow carriers to satisfy EOBR mandates while reducing cost and improving productivity."

NavStar will leverage the experienced gained from multiple field trials in 2011, and by capturing one half of one percent of this US trucking market segment, can add $3.5M of revenue in 2012.

Juniper Research expects the overall mobile location-based services industry to grow to more than $12.7 billion by 2014.

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