Ultrack Unveils
Plans To Achieve Strategic Expansion Within European Fleet Markets
Through Teltonika Product Line
Concord, Ontario, CANADA -- July 26, 2021 --
InvestorsHub NewsWire -- Ultrack Systems Inc. (OTC
Pink: MJLB), a total fleet-management GPS tracking and
monitoring solution provider, is pleased to announce that the
Company is making strides to expand Ultrack's product line within
key European fleet markets with Teltonika hardware (https://teltonika-networks.com).
Ultrack CEO Marsbergen commented: "We are in the
process of adding the complete Teltonika line of products to our
fleet tracking platform which opens up a huge market in Europe.
Speaking of Europe they are in the process of finalizing their
Tachograph mandate for their trucking market. We look forward to
adapting our DrivelineELD to that market once our North American
certification is in place. "Tachograph" is very similar to the ELD
mandate in keeping a record of driver hours based on the data from
the trucks engine control module."
From Fortune Business Insights: Europe holds the
largest market share of digital tachographs and is projected to
dominate in forecast period owning to the early adoption of
advanced technology, rapid implementation of these devices in
vehicles by various OEMs in this region. Also, Europe is the first
to introduce digital tachograph devices in their country. Many
companies in this region are investing heavily in research to
develop latest technological components for
vehicles.
NORTH AMERICAN ELD
UPDATE
Ultrack continues on with the DrivelineELD project
and the testing process continues to progress toward completion and
ultimate approval. The tests that remain are few but most of these
remaining tests require a 24-hours testing cycle.
Ultrack submitted updated paperwork and NDA for
ELD last week with a new government certified testing agency. This
new testing process will also be certifying the DrivelineELD for
the USA market at the same time; therefore, when the Ultrack
product hits the market, it will be certified for use in both the
USA and Canada, immediately.
CEO Marsbergen concluded: "One Driveline ELD
device will perform multiple protocols and change between Canadian
and USA mandates automatically upon border crossing. I maintain
that our device will be an industry disruptor and likely to become
the new standard in fleet tracking and management. Our product
simply does more while offering easy options for using different
options."
About MJLB: Located in Concord, Ontario, Ultrack
Systems Inc., (www.ultrack.ca) is a publicly traded company listed
on the OTCMARKETS under the
MJLB trading symbol. Ultrack Systems Inc., is a provider of GPS
tracking solutions. We develop, implement, and distribute
electronic monitoring and tracking systems for companies in
leasing, transportation, construction, disposal, and many other
services driven industries. Our platform includes live tracking,
reports, and alerts on a web-based platform. Our mission is to
provide the best fleet tracking, reporting systems and our
commitment to service. The Company plans to launch a new ELD
product in 2021 in partnership with major corporations that will
take the trucking industry by storm.
About Teltonika: Teltonika Networks, a part of
Teltonika IoT Group, is a leading European developer and
manufacturer of networking devices for industrial IoT and M2M
applications. Its comprehensive portfolio of cellular 4G LTE
routers and gateways provides mission-critical connectivity and
remote access to hundreds of thousands of devices worldwide.
Reliability, security, and ease-of-use are the core focus areas of
Teltonika Networks, delivering connectivity solutions for even the
most challenging situations.
Safe Harbor Statement: This Press Release may
contain certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The Company
has tried, whenever possible, to identify these forward-looking
statements using words such as "anticipates," "believes,"
"estimates," "expects," "plans," "intends," "potential" and similar
expressions. These statements reflect the Company's current beliefs
and are based upon information currently available to it.
Accordingly, such forward-looking statements involve known and
unknown risks, uncertainties and other factors which could cause
the Company's actual results, performance or achievements to differ
materially from those expressed in or implied by such statements.
The Company undertakes no obligation to update or advise in the
event of any change, addition or alteration to the information
catered in this Press Release, including such forward-looking
statements.
Email: info@ultrack.ca
Website: http://ultrack.ca
Facebook: www.facebook.com/UltrackSolutions
Twitter: http://twitter.com/ultracki