Lockheed Martin To Manufacture FutureTrak Space Scanner(TM)
FutureTrak And galaxis Complete Agreements With Lockheed Martin To Manufacture Product In The United States
POMPANO BEACH, Fla., Jan. 30 /PRNewswire/ -- FutureTrak International, Inc. (Nasdaq: FTRK - news) and galaxis USA, Ltd. announced today that they have completed agreements for Lockheed Martin (NYSE: LMT - news) Ocala Operations to manufacture the FutureTrak Space Scanner(TM) in Ocala, Florida. The agreement with Lockheed Martin is a major milestone for FutureTrak and galaxis. Product assembly and quality testing in the United States provides the companies additional control over cost and product evolution. ''We are very excited about this agreement and the prospect that this technology will evolve to other world markets,'' said John Muczko, Lockheed Martin's director of business development. ''It provides Lockheed Martin Ocala Operations an opportunity to participate in a new commercial sector alongside leading companies in the field.'' Production is targeted for the first quarter of 1998.
The Space Scanner is uniquely programmable for multiple satellites, including Hughes(R), Echostar(R), and Primestar(R), allowing the boat and RV owner the opportunity to select the DBS programming of their choice. Due to its tracking speed, weight, and price, the Space Scanner is in a niche market with no other competitors.
''galaxis is happy to enter into a manufacturing agreement with Lockheed Martin, a company that knows satellite equipment and its application in the U.S. as well as galaxis does in Europe. Since entering into an agreement with FutureTrak in 1997, galaxis has been very pleased with the record setting deployment of its Space Scanner product. The Lockheed Martin -- galaxis cooperative agreement will enhance worldwide distribution of the Space Scanner, which is currently being manufactured for galaxis by Siemens in Germany for the rest of the world,'' says Jim Clingham, President of galaxis USA and galaxis International of Germany.
FutureTrak International is a manufacturer and distributor of innovative satellite technologies, concentrating on the marine and mobile markets. For product or investment information contact FutureTrak International, Inc., futuretrak.com, 3635 Park Central Blvd. North, Pompano Beach, FL 33064. Toll Free: 888-752-3474. |
