SOURCE: NavStar Technologies, Inc.

August 12, 2008 09:00 ET

NavStar's Fleet Management System to Be Used in Ecuador Public Transportation System

Fixed Equipment S.A., Ecuador Selects Argo to Provide Asset Tracking Hardware and Related Services

ANAHEIM, CA--(Marketwire - August 12, 2008) - NavStar Technologies, Inc. (PINKSHEETS: NVST) announced today it has been selected to provide asset tracking equipment in support of the public transportation system in Ecuador. NavStar will partner with Fixed Equipment S.A. (www.fixgroup.net) to provide equipment, software and related services. The Argo Fleet Management System will allow the Public Transportation System in Ecuador to track assets, provide roadside assistance, increase security, and provide concierge service and to track and manage their fleet. The agreement for hardware and services is expected to generate $4.5 to $6.0M in revenue over the next 12 months.

"With the Argo Fleet Management System, we get proven products and services. This is a huge opportunity for both Argo and Fixed Equipment S.A.," said Roberto Manosalvas, General Manager, Fixed Equipment S.A. "Argo is a trusted partner, and their experience in South America is a definite plus."

"We are pleased to announce our success in winning this opportunity in Ecuador and believe it is the first of many contracts we can secure in South America. Argo's experience in Mexico, Brazil and Venezuela together with their proven ability to deliver quality products and meet demanding schedules was a big factor in Fixed Equipment's decision," said N. Douglas Pritt, President & CEO, NavStar Technologies, Inc. "Jason Shin and the Argo team have a proven track record when it comes to customizing our product software to meet the individual customer requirements and providing on site engineering support."

The order is for 15,000 Fleet Management Systems and Mobile Display Units.

About NavStar Technologies, Inc. and Argo Navigation

Argo Navigation has been acquired by NavStar Technologies, Inc. and the closing is scheduled for August 18, 2008. The combined company will be focused on the creation of GPS products and services that provide wireless tracking of assets, hands-free calling with navigation and customizable services and product features. The goal is to be a total solutions provider.

Contact Information

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