(BSNS WIRE) DecisionLink and ORBCOMM Launch Vendor Managed Inventory Soluti
DecisionLink and ORBCOMM Launch Vendor Managed Inventory Solution for Major
Chemical Company
Business Editors
LAS VEGAS--(BUSINESS WIRE)--May 7, 2001--DecisionLink Inc.
(OTCBB:DLNK), through its wholly owned subsidiary Intrex Data
Communications Corp., today announced that it has signed an agreement
with a major chemical company to provide satellite communications
services and hardware that will allow this company to offer a Vendor
Managed Inventory (VMI) solution to its key customers using the
ORBCOMM satellite network for data transmission.
VMI allows vendors to provide a higher level of customer service
by enabling them to gain a better understanding of their customers'
usage patterns, thereby improving the precision of shipment scheduling
and optimizing forecasting for production and purchasing. Inventory at
the customer site is remotely monitored on a regular basis, and
shipments are scheduled based on actual rather than historical usage.
The data is presented to the customer on a private Web site and
offers a number of benefits to both the vendor and customer, such as
making bill reconciliation a more efficient process, lowering
administrative and labor costs, eliminating emergency shipments and
reducing the amount of inventory in the supply chain.
Gary Deger, VP Sales and Marketing for DecisionLink, said, "This
contract should bring a revenue stream in the next several months that
will grow as more customers and tanks are added to the system. The
agreement covers customer sites in about 40 countries around the
world. DecisionLink's wireless VMI solution, working in conjunction
with our customers' data base, will deliver vital inventory data to
end users worldwide through ORBCOMM's proven network. DecisionLink's
solution will enable suppliers to simultaneously lower costs and
increase customer service."
"We are pleased to be working with DecisionLink to provide vendors
in the chemical service industry with an effective monitoring solution
to economically manage their customers' tank inventories even in the
most remote locations," said Don Franco, director of ORBCOMM.
"Using the ORBCOMM network, vendors can automate the supply chain
with timely, accurate inventory data shared with their customers,
eliminating guesswork and facilitating accurate production forecasts,
as well as reducing costs throughout the supply chain."
DecisionLink's communications group has developed a wide range of
products for monitoring of propane and fuel oil tank levels, pipeline
compressors, and many other multi-user remote asset monitoring
applications for low-cost volume use of satellite communication
pathways and the Internet. DecisionLink's environmental group has
introduced small, low-cost sensor and communication products that use
satellite communications and the Internet as the backbone for data
transfer and control in the pipeline leak detection, aboveground
storage tank monitoring, oil production, water quality monitoring and
industrial wastewater compliance monitoring and control markets. For
more on DecisionLink, visit www.decisionlinkinc.com.
ORBCOMM provides two-way monitoring, tracking and messaging
services through the world's first commercial low-earth orbit (LEO)
satellite-based data communication system. ORBCOMM applications
include tracking mobile assets such as trailers, containers,
locomotives, rail cars, heavy equipment, fishing vessels, barges and
government assets; monitoring fixed assets such as electric utility
meters, oil and gas storage tanks, wells and pipelines and
environmental projects; and messaging services for consumers and
commercial and government entities.
This release includes forward-looking statements relating to
DecisionLink's operations that are based on Management's and third
parties' current expectations, estimates and projections. These
statements include: benefits to suppliers and customers, the addition
of DecisionLink's VMI solution to the major chemical company's system
enabling suppliers to simultaneously lower costs and increase customer
service, and the expected revenue stream to DecisionLink. These
statements are not guarantees of future performance and actual results
could differ materially. These statements involve risks and
uncertainties including, but not limited to, the timely development
and acceptance of new products and services, the ability to
manufacture new products in commercial quantities at reasonable cost,
the impact of competitive products and pricing, final promulgation and
enforcement of regulations, the timely funding of customer's projects,
the ability to generate sufficient working capital from operations
and/or attract investment or place debt in sufficient amounts to fund
the financial obligations of the company's business model and other
risks detailed from time to time in the company's SEC reports. The
company undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results over time.
--30--KB/la*
CONTACT: Madison & Wall Worldwide
Scott A-B Gibson, 407/682-2001 (Investor Relations)
www.insidewallstreet.com
scott@insidewallstreet.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: CHEMICALS/PLASTICS HARDWARE INTERNET
NETWORKING TELECOMMUNICATIONS MARKETING AGREEMENTS
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