Ultrack Announces
New "My Pet Tracker" Project and Provides Year End Corporate
Recap
Concord, Ontario, Canada -- December 8,
2021 -- InvestorsHub NewsWire -- Ultrack Systems Inc. (OTC
Pink: MJLB), a total fleet-management GPS tracking and
monitoring solution provider, is pleased to announce the upcoming
launch of the new "Ultrack My Pet Tracker" and to provide a 2021
year-end corporate recap.
MY PET TRACKER
Ultrack has completed the development
of the Company's proprietary new GPS pet-tracking hardware:
"Ultrack My Pet Tracker." This exciting new GPS product is
currently in the testing phase at the Ultrack facilities and with a
select focus group of North American pet owners. The Company plans
to launch Ultrack My Pet Tracker in the early Spring of 2022. Key
features of this new Ultrack product include "no air time fees"
required to use this product and a conservative range of
approximately 25 kilometers. The Company is currently working with
designers to prepare for a brand rollout, including a website and
social media specific to this new
product.
Ultrack CEO Steve Marsbergen
enthusiastically commented on the new Ultrack product: "We believe
that the Ultrack My Pet Tracker will capture a healthy slice of the
GPS pet tracking market because once customers buy our product
there are no monthly fees or long-term commitments. Customers pay
for it once and it just works. No ongoing fees coupled with a
stable and robust technology is why I'm excited to get our new GPS
pet tracker product to market in the very near
term."
ELD UPDATE
Testing of the flagship Ultrack ELD is
progressing slowly yet surely as the Ultrack ELD product is
currently the only Windows-based ELD. Ultrack has long believed and
proclaimed that the Windows operating system is superior to Android
alone. But because Ultrack's device is the sole ELD built around
Windows architecture, some additional challenges of certification
have surfaced. Primary among these issues is that the Ultrack ELD
is an "always on" product; therefore, any certification tests
involving the shut down and restart of an ELD product simply do not
apply to the Ultrack ELD. Ultrack remains in close and constant
contact with the testing facility to address any of their concerns
associated with Ultrack's superior "always on"
technology.
Ultrack remains absolutely confident
that the Company's flagship ELD device will receive certification.
Ultrack remains hopeful that receiving the certification is now a
matter of weeks and not months. Although the wait has been
excruciating for the team here at Ultrack, current Ultrack clients
anxiously awaiting the arrival of this device, and the Company's
valued stakeholders, one silver lining to ultimately receiving the
Canadian certification is that the Ultrack device will be fully
approved throughout North America as Canada employs the toughest
ELD standards on the continent: https://www.fleetowner.com/news/article/21182436/canada-takes-more-systematic-approach-to-eld-certification.
Ultrack's existing customer base has
provided feedback that they much prefer the Company's Windows based
ELD units compared to the Android systems. Ultrack's ELD provides
superior hardware power, administrative tracking and inspection
tools, and the overall speed because the Ultrack ELD employs the
"always on" technology which allows for instantaneous login and
conclusively saves clients time and
money.
2022 BUSINESS OUTLOOK
The trucking industry's total revenue
throughout all of North America is approaching the one trillion
dollar mark. Over 13% of registered vehicles are trucks. Canadian
truck production is more than triple that of car production with
over 1.4 million trucks produced in
2019.
The trucking industry is experiencing a
surge in business and trailers are currently on backorder. As
fulfilment of these orders start, an increase in Ultrack's tracking
products will be required. Thankfully, the Company has ample
inventory of all Ultrack hardware to meet these current and
forthcoming demands.
Ultrack CEO Steve Marsbergen concluded:
"I know that the wait for our ELD certification has been tough on
everyone. But we are still moving forward and getting the
certification will ultimately happen! Receiving the ELD
certification is the key that unlocks the door for all kinds of new
business for us. Once we receive the ELD certification, I
anticipate being able to announce a steady stream of new contracts
with new fleets. While we await the ELD certification, we continue
to add new clients and new products to our lineup. Thank you for
your support and may you all have a wonderful holiday
season."
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.
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