Current Technology's Celevoke to Market and Sell Wholesale Data Services to M2M Customers
T-Mobile Integration Completed
Press Release
Source: Current Technology Corporation
On Tuesday August 11, 2009, 4:15 pm EDT
LIBERTY, Texas, Aug. 11 /PRNewswire-FirstCall/ -- Current Technology Corporation (OTCBB:CRTCF - News) reports its 62% owned Texas-based subsidiary Celevoke, Inc. (Celevoke) completed a wholesale data services agreement with T-Mobile several months ago. "Today, we have finished the installation of the new equipment and software necessary for integration of T-Mobile wholesale data services into our Network Operations Center. Celevoke is now ready to launch a new line of business supplying data services to the entire Machine to Machine (M2M) customer base all across the United States. We are open for business," stated Celevoke CEO Chuck Allen. "This is a landscape changing event, one which opens significant sources of revenue previously unavailable to us."
Current Technology CEO Robert Kramer said, "It would be difficult to over-emphasize the importance of this development for our shareholders. Celevoke no longer has to sell hardware in order to generate revenue. It can now sell data services to all participants in the M2M field, whether GPS-based or not."
"All machines that communicate with each other wirelessly are a target for our data services which includes tracking devices but also includes vending machines, electric meters, alarm systems and all kinds of other wireless products," concluded Chuck Allen. "We plan to be a major factor in the market, and will compete aggressively for GSM data sales business commencing immediately."
About Celevoke
Celevoke is poised to become a market leader in the projected $38.3 billion (by 2011) global market for Machine to Machine technology (M2M) (according to ABI Research), which is the integrated use of telecommunications and informatics. More specifically, it is the science of sending, receiving and storing information wirelessly between machines via telecommunication devices. Celevoke has patented integrated Telematics and Global Positioning Systems (GPS) with sensing technology. This proprietary suite of hardware and software products enables users to remotely monitor, track, control parameters and protect a wide variety of asset classes. Examples include people, meters, automobiles, motorcycles, trucks, shipping containers and covert vehicles used for law enforcement and intelligence gathering in a global marketplace. Celevoke is 62% owned by Current Technology Corporation, and can be reached at celevoke.com or 936-334-1800. |
