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Gold/Mining/Energy : IVS could be the next "microsoft" in the automotive ind.
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To: Kwan Yin who wrote (139)6/18/1998 9:16:00 PM
From: Doug Heuring  Read Replies (1) of 183
 
IVS Intelligent Vehicle Systems Inc.
> >
> >> >
> > SH News
> > News Release - Thursday, June 18, 1998
> > 6/18/98  14:08
> >
> >
> >Production Purchase Order Received
> >
> >IVS INTELLIGENT VEHICLE SYSTEMS INC ("IVM-V;IVSVF-L")MACK TRUCKS INC
> >("MACK-L")- IVS
> >Receives Production Purchase Order From Mack
> >
> >James N. McCarney, Director of IVS INTELLIGENT VEHICLE SYSTEMS
> >INCannounces that the
> >Company has received the production purchase orderincluding the payment
> >and delivery schedule
> >from Mack Trucks Inc. for themanufacturing and supply of the Company's
> >wireless SmartLink Mobile
> >FailureDetection and Vehicle Location System.
> >
> >"We are extremely pleased to have reached this milestone event
> alongwith
> >Mack, a landmark name in
> >the truck manufacturing industry, said JamesN. McCarney, director.
> >Together, we look forward to
> >offering independentand truck fleet operators a competitive advantage
> in
> >life-cycle materialand
> >maintenance management of vehicular fleets. This breakthrough
> >tocommercial sales further confirms
> >our long term views and objectives andvalidates our product's
> acceptance
> >and effectiveness."
> >
> >Mack Trucks Inc saw it's 1997 market share increase by nearly 9%making
> >it the only U.S. Class 8
> >truck manufacturer to record five straightyears of market-share growth.
> >Mack closed 1997 with sales of
> >22,375 unitsrepresenting 12.5% of the U.S. heavy-duty truck market and
> >retained itsposition as the
> >number 3 supplier of Class 8 trucks. Internationally,Mack's sales
> >increased by 54.4%.
> >
> >The Company has selected SPX-OTC to manufacture the SmartLink
> >systems.SPX is a global leader
> >in the manufacturing and supply of specialty toolsand test equipment
> for
> >both the car and heavy-duty
> >truck manufacturing andrepair industries.TEL: (604) 641-2787
> >
> >James N. McCarney, DirectorTEL: (604) 322-8985
> >
> >______________________________________
> >
> >(c) Corporate Dissemination Services Inc. All rights reserved.
> >
> >Tel:(604) 689-1101
> >
> >Fax:(604) 689-1106
> >
> >RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.
> >
> >
> >
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