SOURCE: NavStar Technologies, Inc.

NavStar Technologies, Inc.

March 09, 2010 09:00 ET

NavStar Technologies, Inc. and Rock Hard Systems Sign Master Sales Agreement for Sales and Distribution in the US

ANAHEIM, CA--(Marketwire - March 9, 2010) -  NavStar Technologies, Inc. (PINKSHEETS: NVSR), a firm focused on developing and commercializing multi-national asset tracking and monitoring devices for vehicles and high value cargo, is pleased to announce that it has completed a master sales agreement with Rock Hard Systems, Inc. to sell NavStar products and services into the trucking and services industry in the US.

Rock Hard Systems, Inc. has developed a very comprehensive dispatch/accounting/administrative software solution targeted for "over the road" trucking companies and the service fleet industry. The Rock Hard solution will make trucking and service company owners more efficient while lowering their operating cost. The new NavStar NSVTRAK GPS wireless asset tracker is a natural fit for Rock Hard's market focus and when sold together can provide an affordable solution with features and services that have only been available to the very large trucking companies.

The master sales agreement is for two years and Rock Hard Systems estimates that a minimum of 5,000 units can be sold in 2010. A purchase order has been issued for 5,000 units and the first shipment is being scheduled for May 2010. With 360,000 trucking companies in the US and 96% with fewer than 28 employees an affordable dispatching/accounting/GPS tracking/Monitoring software solution represents a huge opportunity for both companies.

Jay Mitchell, CEO & President, Rock Hard Systems, stated, "We have tested the NavStar products and they have performed significantly better than any other tracking/monitoring devices we have used. Our focus is the trucking and service fleet companies in the US. I am excited about the productivity and efficiency improved we can offer this market segment by providing an affordable solution for the mid to small trucking and service companies."

"The trucking and service fleet industry in the US is ripe for an affordable solution that performs dispatch/accounting/tracking and monitoring service. Trucks consume 53.9 billion gallons of fuel a year so any improvement in routing, real time visibility to a fleet of trucks or service vehicles that can save a gallon of fuel a day is significant. Rock Hard Systems is 100% focused on the trucking and services fleet market segment and we are pleased to partner with them so we can provide new features, additional functionality and more importantly an affordable solution," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "The 5,000 unit order represents $1.5M of revenue for NavStar in 2010 and is roughly 27% of our forecasted revenue of $5.4M."

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.

About Rock Hard Systems, Inc.

Rock Hard Systems, Inc. (www.rockhardsystems.com) real-time fleet management system will increase revenue by monitoring productivity while maintain accurate billing logs and scheduling preventative maintenance without route interruptions.

Contact Information

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