Wireless Matrix Corporation

Wireless Matrix Corporation

May 14, 2008 09:12 ET

Wireless Matrix Adds 1,900 Gross Subscribers in Fourth Quarter

Company Ends Record Year with Nearly 64,000 Subscribers, Deepens Penetration within Rail, Cable and Utility Markets

RESTON, VIRGINIA--(Marketwire - May 14, 2008) - Wireless Matrix Corporation (TSX:WRX) today announced that the company completed Q4FY08 with strong, targeted sales of its FleetOutlook® solutions and services, ending FY08 with nearly 64,000 subscribers.

Over 1,900 gross subscribers representing key customers in multiple markets were added to the company's FleetOutlook Mobile Resource Management (MRM) platform. Included in these new subscribers were 770 additional users with existing rail customers, 430 subscribers with cable Multiple Service Operators (MSO) and support companies, and approximately 330 new subscribers within the Utility industry.

Wireless Matrix also recorded additional hardware sales of over 370 units. These included the Reporter 5P and 10L Automatic Vehicle Location (AVL) vehicle modems for use by key cable customers.

"Our application suite is driving fuel savings and other operational improvements for our customers, leading to our healthy growth through the recent business downturn," said J. Richard Carlson, Wireless Matrix president and CEO. "We are very proud of our record-setting results in fiscal year 08 and look forward to continuing this momentum into the new fiscal year."

Wireless Matrix's MRM solutions help businesses optimize field service workforce productivity while enhancing customer service. Delivered on a hosted, Software-as-a-Service (SaaS) basis, FleetOutlook is a comprehensive 360 degrees MRM solution, backed by 24x7 support, which enables the full value chain of dynamic schedule planning, and execution. From vehicle mapping, tracking and operational reporting to XML data export and optional telematics monitoring, it offers features that maximize productivity and reduce cost. For more information, visit http://www.wrx-us.com/products/fleetoutlook.html

About Wireless Matrix

Wireless Matrix provides enterprise-class wireless data solutions for business-critical mobile and remote asset operations. The company delivers real-time data services across cellular, satellite and WiFi networks; a variety of modems and hardware platforms; and transportation applications that increase productivity and reduce operating expenses with service fleet operations. Wireless Matrix is headquartered in Reston, Virginia, and has offices in San Francisco, California and Burnaby, British Columbia. For more information visit www.wrx-us.com.

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