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Highwaymaster Signs 1,500-Unit Contract With Ryder, The World's Largest Provider of Integrated Logistics and Transportation Solutions
DALLAS--(BUSINESS WIRE)--May 21, 1998--HighwayMaster Corp., a wholly owned subsidiary of HighwayMaster Communications Inc. (Nasdaq: HWYM - news), today announced a 1,500-unit contract with Miami-based Ryder System Inc. (NYSE:R - news), the world's largest provider of integrated logistics and transportation solutions, to provide
HighwayMaster's award-winning, patented mobile communications system. The 1,500 units will be installed over the next two years. HighwayMaster expects the units to generate revenues in excess of $10 million, assuming they remain in service for their expected useful life.
''Ryder is committing to these units now in order to insure that we are able to meet the mobile communications needs of our full service lease and logistics customers,'' said Ray Greer, senior vice president - global operations for Ryder Integrated Logistics. ''As we are asked to design and operate real time systems to support our customer's just-in-time networks, the HighwayMaster system has become a vital link in our supply chain solution.''
Jeff Wisocki, HighwayMaster's senior vice president of customer development, added, ''This is another example of HighwayMaster's ability to meet the needs of different
transportation segments. Logistics and leasing companies have a different operating model. Logistics is all about flexibility and options in order for Ryder to meet their customer's
requirements. With additional applications like Rolling ETA, fuel tax information capture, our Platinum Service operating software and the upcoming Cellemetry-based trailer
tracking, HighwayMaster provides a complete suite of products for logistics and leasing applications.''
Many of North America's most prominent companies have selected HighwayMaster as their wireless communication system of choice including Wal-Mart, American Freightways,
AmeriTruck, Burlington Motor Carriers and CFI.
About Ryder System Inc.
For the second consecutive year, Ryder System Inc. was ranked the most admired company in the highway transportation industry, according to FORTUNE's 16th annual
Corporate Reputations Survey. As businesses exhaust cost-cutting measures in the traditional areas of price and quality, the ability to reduce costs in the delivery of products,
warehousing and other transportation and logistics areas is becoming increasingly important. Ryder's transportation solutions are custom-designed to help businesses improve
customer service, reduce inventory and speed products to market.
Ryder is an international, market-driven company focused on three core competencies -- integrated logistics, truck leasing and rental, and public transportation services. Ryder
provides high-quality logistics and transportation solutions throughout the United States and in Canada, the United Kingdom, Germany, Poland, The Netherlands, Mexico, Brazil
and Argentina. Revenue in the 12 months ended March 31, 1998, was $5 billion.
Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index.
About HighwayMaster
HighwayMaster is the only nationwide mobile communication system that offers the trucking industry both voice and data communications, combined with Global Positioning System
(satellite) vehicle location technology. HighwayMaster's award-winning (1) Series 5000 mobile communications system is one of the most advanced products available to the
transportation industry. Recent product enhancements such as Rolling ETA, in-cab Fax capabilities, and the industry's only end-to-end, automated fuel tax reporting system continue
to distinguish the patented HighwayMaster technology. Since entering the market, HighwayMaster has been widely recognized as a top technological innovator by both the North
American transportation and telecommunication (1) industries.
Through strategic alliances with wireless industry leaders such as GTE, Southwestern Bell Mobile Systems and more than 70 cellular providers, HighwayMaster has created the
world's largest private instant-call-delivery enhanced-cellular network in existence today, providing seamless wireless services in more than 99 percent of the available cellular
coverage areas in the United States and 100 percent of the A-side cellular coverage areas in Canada.
HighwayMaster Corp. sells and markets its patented system throughout the United States and Canada.
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(1) In Oct. 1996 & 1997, the Cellular Telecommunications Industry Assoc. (CTIA), the leading international organization for the wireless communications industry, awarded
HighwayMaster the prestigious APPY award for end-user products. The APPY awards recognize innovative work in the field of wireless application technology and are considered
the ''Oscars'' of wireless.
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