Contact Information: AT THE COMPANY: Garo Sarkissian VP Corporate Development (805) 987-9000 AT FINANCIAL RELATIONS BOARD: Lasse Glassen General Information (213) 486-6546
CalAmp Announces $7.5 Million in Orders for Its Mobile Resource Management Products
| Source: CalAmp Corp.
OXNARD, CA--(Marketwire - July 6, 2009) - CalAmp Corp. (NASDAQ : CAMP ), a leading provider
of wireless products, services and solutions, today announced that its
mobile resource management (MRM) business has received orders exceeding
$7.5 million during the two-month period of May and June, higher than in
any prior two-month period. These recent orders are from a diverse
customer base serving a wide array of MRM markets. Orders for applications
in Municipal School Bus Management, Service Fleet Management, Vehicle
Finance, Stolen Vehicle Recovery and Mobile Internet each totaled more than
$1 million during this period.
"Our MRM business is off to a strong start in fiscal 2010," said Rick Gold,
CalAmp's President and Chief Executive Officer. "We are encouraged to see
that our recent product introductions are building momentum as we continue
to deliver value to our customers in these challenging economic times."
About CalAmp Corp.
CalAmp provides wireless communications solutions that enable
anytime/anywhere access to critical data and content. The Company serves
customers in the public safety, industrial monitoring and controls, mobile
resource management, public utilities and direct broadcast satellite
markets. The Company's products are marketed under the CalAmp, Dataradio,
SmartLink, Aercept, LandCell and Omega trade names. For additional
information, please visit www.calamp.com.