WebTech Wireless Inc.

WebTech Wireless Inc.

October 13, 2010 04:01 ET

WebTech Wireless Announces License Extension Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2010) - WebTech Wireless Inc. (TSX:WEW), a leading provider of vehicle fleet location-based services (LBS) and telematics technology, today announced that it has reached an agreement with a key distribution partner and its client – one of North America's top ten transportation and logistics providers – to extend the scope of an existing enterprise license of the Company's Quadrant® software. The terms of the agreement call for a single, one-time license payment, a variety of professional services fees and an annual ongoing maintenance fee.

The design of the Quadrant platform, and its ability to integrate fully with a customer's existing and future devices and back office systems, has allowed this customer to operate more efficiently through enhanced communication and data transfer between drivers, in-vehicle devices and fleet managers.

"We're pleased that this customer has elected to expand the reach and scope of Quadrant within their enterprise and see this as further proof of the efficacy of our enterprise licensing model and the flexibility and applicability of Quadrant in many areas of the same organization. While this sale does not include further hardware deployment with this client, it does help solidify WebTech's role as a provider of vehicle fleet location software and services and we hope to continue to expand our footprint within their operations over time. While not all of the revenue from this project will have an impact in our fiscal Q3, we do expect the majority of the revenue from this project to be recognized this fiscal year, and for us to continue to work with this client and distribution partner into 2011 and beyond," said Scott Edmonds, WebTech Wireless' President and CEO.

About WebTech Wireless®

WebTech Wireless Inc. (TSX:WEW) is a provider of vehicle fleet location-based services (LBS) 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 (AVL), 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. For more information please visit www.webtechwireless.com.

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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