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Microcap & Penny Stocks : Current Tech CRTCF

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From: leigh aulper6/23/2009 9:34:21 AM
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Current Technology's Celevoke Reports Development of a Covert Container GPS Tracking and Security System
Press Release
Source: Current Technology Corporation
On Tuesday June 23, 2009, 8:00 am EDT
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VANCOUVER, British Columbia, June 23 /PRNewswire-FirstCall/ -- Current Technology Corporation (OTCBB:CRTCF - News) reports its 62% owned Texas-based subsidiary Celevoke, Inc. ("Celevoke") has completed the initial prototype for the worldwide monitoring, tracking, safety, security, and control of shipping containers. Designed as a covert tool, Celevoke's Container Security Solution is "HIDDEN IN PLAIN SIGHT sm". "Unfortunately we live in a world where the safety and security of both assets and people are of paramount importance," stated Celevoke CEO Chuck Allen. "This is particularly true of shipping containers which move around the world continuously making hundreds of millions of trips per year. By their very nature, shipping containers are a potential target for terrorists, pirates and other criminal elements."

Celevoke recently announced the introduction of its NextGen Tracking System, a M2M (Machine-to-Machine) GPS-based solution specifically designed for the power sports industry, combining a patented power management system with very low energy consuming components. The Container Security Solution builds on Celevoke's proprietary suite of hardware and software products by adding features and benefits specifically for the shipping container industry. Amongst others, these include operating capabilities in temperature conditions from -40 to +85C, extra-long battery life, weatherproof covering, and effective global terrestrial communication with optional satellite capabilities.

Management believes the shipping container industry represents one of the largest M2M opportunities available today, and therefore expects a number of different products will be brought forward by Telematics companies. "We are convinced we are on the right track," concluded Mr. Allen. "We believe a relatively inexpensive, small and covert solution has a much higher probability of becoming an industry standard, rather than a more expensive, larger, visible and thus more vulnerable offering."
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