VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 24, 2009) - WebTech Wireless Inc. (TSX:WEW), a leading provider of location-based and fleet telematics services, announces that following a rigorous three-month trial, during which it proved out a return on investment of less than 9 months, its WT5000 Locator(TM) and OBDII Gateway in-vehicle devices have been selected by the Canadian subsidiary of a global technology company for its national service fleet. The company interviewed several potential providers, inviting a small number to make presentations, then selecting two to run an extensive pilot. WebTech Wireless was selected from the results of this pilot. Shipment of the devices occurred in June, with deployment scheduled to be completed in the coming weeks.
Commenting on the sale, Harald Fritz, Senior Director ASP Sales and Services, said "This is another example of the esteem in which the WebTech Wireless solution is held by global companies who have the resources to select the best. This solution provides a payback to the client in less than a year, and enables forward thinking processes and operational improvements. We have also provided the customer with single monthly billing, which demonstrates our ability to tailor flexible solutions for our customers. This not only provides us with steady cash flow and predictable revenues, but meets the customer's need to reduce capital outlays in the current economic climate."
This latest sale underscores WebTech Wireless' commitment to providing custom made solutions for a variety of industries that depend on efficient and effective mobile resource management.
About WebTech Wireless Inc.
WebTech Wireless Inc. (TSX:WEW) is a global telematics and location-based services provider that develops, manufactures and delivers end-to-end wireless solutions designed to improve the productivity, profitability and safety of vehicle fleets. WebTech Wireless products and services run on GPS and cellular networks and provide Automatic Vehicle Location, Mapping, Reporting, Vehicle Diagnostics, Driver Status, In-vehicle Telemetry and Navigation and Messaging. The Company delivers products and services in over forty-one countries to a variety of small, medium and Fortune 500 companies, with a particular focus on the transport, service delivery, government and automotive markets. For more information, please visit www.webtechwireless.com.
Forward Looking Statements
This press release contains forward-looking statements involving risks and uncertainties pertaining to, but not limited to product plans, timing, content, and pricing of products, market and industry expectations, the wireless communications industry, the mobile fleet industry, and general economic and political conditions. Given the risks and uncertainties inherent in the markets and industries referred to in this press release, WebTech Wireless cannot guarantee that any forward looking statements will be realized.
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