ORBCOMM Projects 75,000 New Subscribers Requiring Integral Antenna
December 19, 2001 11:16:00 AM ET
BELLINGHAM, Wash.--(BUSINESS WIRE)--Dec. 19, 2001--Integral Technologies, Inc. ITKG INTEGRAL announces that ORBCOMM Global, LP (ORBCOMM) (www.orbcomm.com) has recently advised INTEGRAL, that ORBCOMM'S sales projections call for the addition of in excess of 75,000 new subscribers over the next 18 months.
INTEGRAL was appointed a business partner of ORBCOMM in November 2000, as the primary supplier of its GPS/LEO antenna to ORBCOMM customers for use in tracking mobile assets. INTEGRAL'S GPS/LEO antenna, ranges in price from $79.00 to $149.00 depending upon the application and quantity.
The ORBCOMM satellite communications system provides low-cost two-way data communication services using 35 Low Earth Orbit (LEO) satellites. ORBCOMM applications currently being commercialized in approximately 120 countries around the world include tracking of mobile assets such as trailers, containers, locomotives, rail cars, heavy equipment, fishing vessels, barges and government assets; monitoring of fixed assets such as electric utility meters, oil and gas storage tanks, wells and pipelines and environmental projects; and messaging services for consumers and commercial and government entities. The system utilizes the advantages that satellite communications has over land-based communication media, such as enabling communication with mountainous regions or remote islands, and is used for special fields, including the remote supervision of machinery and for tracking of ships.
INTEGRAL is also working with ORBCOMM in the development of a moldable antenna made of INTEGRAL'S new composite material, to be used in the tracking of container trailer chassis and the containers themselves.
In a recent letter to William Robinson, Chairman of INTEGRAL, Mr. James Eagan, Senior Vice President of Marketing and Distribution for ORBCOMM stated that, "ORBCOMM has received keen interest in the proposed chassis tracking solution provided to an international shipping company. The missing element has been the antenna. INTEGRAL'S new antenna allows us to enter into this new market for the first time. We have a pilot scheduled with the chassis owner for January 2002."
Integral Technologies Inc.'s (www.itkg.net) wholly owned subsidiary, Antek Wireless, Inc. (www.antekwireless.com), located in the heart of Silicon Valley with engineering facilities in Bellingham, WA, is a premier supplier of revolutionary high performance antennas for the emerging wireless market. ANTEK's new generation of embedded wireless antennas meet or exceed the performance of external antennas while offering significant cost savings and unprecedented product design options. Engineered for a multitude of cutting-edge wireless devices and communications protocols, ANTEK's proprietary technology is a vital component of the rapidly expanding wireless industry.
This press release contains "forward-looking statements" within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. Actual results could differ materially, as the result of such factors as (1) competition in the markets for the products and services sold by the company, (2) the ability of the company to execute its plans, and (3) other factors detailed in the company's public filings with the SEC. By making these forward-looking statements, the Company can give no assurances that the transaction described in this press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact Information:
TTC
Vic Allgeier, 212/794-1050
or
Integral Technologies
Shareholder Relations, 888/666-8833
itkg.net
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