HEY! Wake up out there!
IAS COMMUNICATIONS, INC.: LICENSE AGREEMENT COMPLETED WITH ARINC INCORPORATED
RICHMOND, British Columbia, Sep 27, 1999 /PRNewswire via COMTEX/ --
IAS Communications, Inc. (OTC Bulletin Board: IASCA) announced today that an agreement to grant ARINC Incorporated exclusive worldwide rights to sell and manufacture the Hawks/ARINC antenna for the Orbcomm frequency. The license shall give ARINC the exclusive right for three years to use the Hawks/ARINC antenna for use in monitoring and tracking trailers, refrigeration monitoring, in-cab tracking, messaging and for long haul trailers using the Orbcomm Satellite frequency. ARINC shall purchase from IAS 10,000 Hawks antennas in the first year with an option to purchase a minimum 20,000 antennas in the second year and 30,000 antennas in the third year. This license is exclusive only if minimum purchases are met.
IAS has also granted to ARINC an exclusive license to manufacture and resell antenna units. This license granted to ARINC shall remain exclusive as long as the following minimum royalty payments are met:
-- One million dollars during the first year
-- Five million dollars during the second year
-- Seven million five hundred thousand dollars in the third year
John Robertson, President and CEO of IAS wishes to congratulate Chief Engineer Larry Hawks for his efforts in developing and testing the Hawks/ARINC low profile antenna and to the ARINC staff for their perseverence and vision in working with IAS on this exciting antenna project.
About IAS Communications, Inc. IAS Communications, Inc. has been developing and testing the low profile antenna technology for several wireless applications. This unique low profile antenna design can be miniaturized as small as a postage stamp and can be several applications including, scanners (both base and hand-held), AM/FM stereo radios, CB and amateur hand-held radios, marine applications, laptop computers, GPS applications, for LANs and PCMCIA applications. Interested parties can find more about IAS Communications, Inc. on the Company's Web site at iascom.com.
About ARINC Incorporated ARINC, found in 1929 and headquartered in Annapolis, Maryland, provides communications and systems integration engineering to business and industry. ARINC's Dominium(R) product line uses the ORBCOMM low earth orbit (LEO) satellite communication system, which provides global communications coverage especially useful in remote areas that are not serviced by conventional or cellular telephone or other terrestrial communication networks. The Dominium(R) tracker unit is battery powered and equipped with the Global Positioning System (GPS). It can be programmed to automatically report its position and other information like temperature, engine speed or load capacity, at any desired time interval, or upon reaching a user-determined alarm value. Dominium(R) also markets a data messaging
line of products, which integrates input/output devices for sending and receiving text messages. A subscriber installs the tracker unit on the asset to be tracked or monitored for a variety of applications including trucks, truck tractors, detached truck trailers, rail cars, ships and containers.
Dominium(R) currently provides service to national and regional trucking companies and to national railroads. Container shipping companies are currently evaluating the product for delivery in 1999.
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