WebTech Wireless Inc.
TSX : WEW

WebTech Wireless Inc.

October 26, 2010 06:01 ET

WebTech Wireless Announces $1.65M NextBus® Contract with Triad Transit Systems

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2010) - WebTech Wireless Inc. (TSX:WEW), a leading provider of vehicle fleet location-based services and telematics technology, today announced that NextBus Inc., its California based subsidiary, was awarded a $1.65 million Real Time Passenger Information System (RTPIS) contract by Triad Transit Systems. NextBus® GPS Automatic Vehicle Locator (AVL) units will be deployed on 164 buses across 72 routes within the Triad Transit Systems. As part of the five year contract, the Company will receive approximately $770,000 in revenue in the first year, which includes hardware, setup and service, and approximately $221,000, primarily as service revenue, for each of the remaining four years. The contract has an additional one year option to extend services.

"This contract win demonstrates our ability to deploy our full service end-to-end NextBus solution across a group of affiliated transit authorities under one umbrella contract. The Triad Transit System recognized not only the benefit of our real-time bus arrival information to riders, but also the benefit of our reporting and monitoring services to support their fleet management," said John Eaton, General Manager of NextBus Inc. "We currently have a number of customers in North Carolina, including Chapel Hill Transit, the University of North Carolina and Elon University. This contract expands our presence in the area and positions us as one of the major providers of real-time passenger information in the region."

"NextBus is a proven product that provides a complete solution to our needs at a reasonable price," said Angela Wynes, Assistant Transit Manager of High Point Transit System.

Under the contract, NextBus will use its patented technology to process data obtained from buses in the Triad Transit Systems to provide real-time, predictive, up-to-the minute information arrival times to users, not just the posted schedule times. Bus arrival information will be available to passengers through a series of 39 newly installed LED signs along the routes, a phone- and website-based traveller information service, the nextbus.com website, as well as cellular and smartphone text messaging. NextBus will also provide Triad Transit Systems fleet managers with a set of monitoring and reporting tools to improve fleet operations and enhance customer service. The Triad Transit Systems is comprised of Greensboro Transit Authority, Piedmont Authority for Regional Transportation, High Point Transit Authority and Winston-Salem Transit Authority in North Carolina.

About NextBus®

NextBus® RTPIS patented technology predicts transit vehicle arrival times in real-time, based upon a vehicle's actual GPS location, and provides this information to transit users via electronic digital signs, mobile phones, internet-enabled computers, or NextBus automated Telephone Information System, accessible from any phone. Users can also sign up for automatic email or text alerts, sent minutes before their bus, streetcar or train is predicted to arrive – allowing them to be at their stop just-in-time and reduce waiting. NextBus also provides transit authorities with numerous fleet management tools designed to improve operating efficiency, enhance service and meet government reporting requirements. For more information please visit www.nextbus.com.

About WebTech Wireless

WebTech Wireless Inc. (TSX:WEW) is a provider of vehicle fleet location-based services and telematics technology. It develops, manufactures and supports end-to-end wireless solutions that improve the productivity, profitability, environmental compliance and safety of vehicle fleets. Its comprehensive suite of products and services include: automatic vehicle location, mapping, vehicle diagnostics, CO2 reporting, navigation, messaging, and mobile resource management. The Company serves customers of all sizes in the transport, government, service, insurance and OEM markets in over forty-one countries, including Fortune 500 companies. Specialized products include: Quadrant® commercial fleet solutions, InterFleet® solutions for government, and NextBus real-time passenger information services for transit fleets.

This News Release may contain forward-looking statements involving risks and uncertainties pertaining to, but not limited to, product plans, timing, content, pricing of products, market and industry expectations, the wireless communications and mobile fleet industries, and general economic and political conditions. Given the risks and uncertainties inherent in the markets and industries referred to in this News Release, WebTech Wireless cannot guarantee that any forward-looking statements will be realized. All amounts in Canadian dollars (CAD$) unless otherwise noted. Trademarks are the property of their owners.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

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