OXNARD, CA–(CRWENewswire -11/16/11)- CalAmp Corp. (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, announced today that it was awarded a $4.7 million extension of its development contract to help design and supply initial radios for the North American interoperable Positive Train Control (PTC) system.
“Railway safety is a national imperative, with a federal mandate calling for implementation of PTC on the nation’s rails. This law requires railroads to deploy a new dedicated nationwide wireless communications infrastructure to enable the PTC Safety Overlay system,” said Michael Burdiek, CalAmp President and CEO.
The contract add-on increases the quantity of pre-production radios to be delivered by CalAmp for use in field testing and early deployments by several North American Class I railroads and brings the total value of the contract to approximately $19 million. CalAmp expects to complete fulfillment of this follow-on order during the first half of calendar 2012.
About CalAmp
CalAmp develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications and other applications. The Company’s two business segments are Wireless DataCom, which serves utility, governmental and enterprise customers, and Satellite, which focuses on the North American Direct Broadcast Satellite market. For more information, please visit www.calamp.com.
COMPANY CONTACT:
Joanne Keates
Director of Corporate Communications
(805) 419-8239
jkeates@calamp.com
Source: CalAmp Corp.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
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