Wireless Matrix Corporation

Wireless Matrix Corporation

March 14, 2007 08:01 ET

Wireless Matrix Extends Relationship With Rail Industry Services Firm

RESTON, VIRGINIA--(CCNMatthews - March 14, 2007) - Wireless Matrix (TSX:WRX) announced today that it has entered into a new contract with an existing rail industry services customer for the purchase of a minimum of 500 rail-specific low profile Mobile Base Station 2 (MBS2 LPR) units. This contract is expected to generate hardware and network communications revenue of approximately $1,200,000 over its two year term. Wireless Matrix has received the first purchase order under this commitment for 90 MBS2 LPR units.

"This agreement further validates our presence within the rail industry," said Michael Jakab, Vice President of Sales and Marketing for Wireless Matrix. "Our increasing market share providing locomotive communications and operational monitoring illustrates the quality of our rail solution and the value it provides to our customers."

The MBS2 LPR is a communications unit designed specifically for use by the rail industry for locomotive communications and health monitoring. It integrates cellular, satellite, WiFi and GPS communications in a ruggedized housing designed to withstand the environmental extremes encountered in rail operations.

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 Mountain View, California and Burnaby, British Columbia. For more information visit www.wrx-us.com.

Except for the historical information contained herein, the matters discussed in this press release may contain forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.

Contact Information