Mercury Scheduling lands $3.5-million contract
Mercury Scheduling Systems Inc MRY
Shares issued 16,500,000 1999-05-14 close $1.72
Monday May 17 1999
Mr. Michael Forster reports
DHL Airways Inc., a division of DHL Worldwide Express, has signed a letter of intent to license Mercury's Magellan product. The $3.5-million contract with DHL is the largest in Mercury's history.
Mercury's Magellan is a real-time decision support system for tracking crew on the day-of-operations. By providing real-time visibility to solve crew scheduling problems, Magellan can significantly lower an airline's overall operating costs and reduce disruptions. As part of the contract Magellan will be enhanced to include an integrated payroll module and Internet-based full crew communications system.
"As the industry's leading crew management system and decision support technology, Mercury's Magellan system was the natural choice for DHL's complex requirements," Mercury president and chief executive officer, Michael Forster said. "DHL was very impressed by the capabilities of our technology and both companies look forward to a successful, long-term partnership."
DHL Airways Inc. serves all U.S. destinations for DHL Worldwide Express, the world's largest international air express network. With over 60,000 employees and 222 aircraft worldwide, DHL Worldwide Express links more than 635,000 destinations in over 200 countries.
"The agreement with DHL Airways Inc. is the most significant milestone to date for the company as it represents the first major inroad to the U.S. market," Mr. Forster said. "Our Magellan product is recognized by major airlines worldwide as leading-edge technology. Combined with the British Airways contract and other recent sales, the DHL agreement will certainly increase Mercury's global presence and market position significantly."
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com |
