WebTech Wireless Inc.

WebTech Wireless Inc.

February 07, 2011 04:00 ET

WebTech Wireless Signs Quadrant® Enterprise License With City of Chicago

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 7, 2011) - WebTech Wireless Inc. (TSX:WEW), a leading provider of vehicle fleet location-based services and telematics technology, announces that it has signed an agreement to deploy its Quadrant® fleet management software solution on an Enterprise basis with its existing customer, the City of Chicago. The license fee from this sale, which was finalized in December, will be recorded in the Company's 2010 fiscal year. Professional fees related to the sale will be recognized through fiscal 2011.

"We're very pleased that the City of Chicago has chosen to deploy Quadrant on an Enterprise basis. It signals a long term commitment to the Quadrant solution and confidence in WebTech Wireless. And while this conversion from a subscription customer to an enterprise customer will result in a reduction of recurring Quadrant subscription revenues in 2011, we believe it's a natural evolution for a customer relationship of this size and sophistication," said Scott Edmonds, WebTech Wireless' President and CEO. Adding, "We have increased our hardware deployments and service engagements year after year at the City of Chicago, and expect to see these sales continue as we move into this new phase of our relationship."

The City of Chicago has been a Quadrant customer since 2003, and currently operates more than 3,200 Quadrant-equipped vehicles, ranging from light-duty vehicles, to heavy-duty refuse, snowplow and dump-truck vehicles – the majority with the City's Department of Streets and Sanitation. Quadrant was chosen by the City for its ability to integrate seamlessly with existing geographic information systems (GIS), which allow the City's departments to benefit from comprehensive data communications and analysis as they require.

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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