 |
 |
Press Releases:
Sierra Wireless and
Agnik to jointly
market vehicle
tracking and
diagnostics solution
Collaboration will
enable the delivery
of a cutting edge
fleet management
solution powered by
MineFleet predictive
vehicle data mining
technology
April
15, 2008
Vancouver, Canada
and Columbia,
Maryland, USA -
Sierra Wireless
(NASDAQ: SWIR - TSX:
SW) and Agnik today
announced an
agreement to jointly
market Agnik’s
MineFleet®
predictive vehicle
data mining system
along with the line
of AirLink™ vehicle
tracking solutions
offered by Sierra
Wireless.
MineFleet is a
powerful data stream
mining software
product for both
short and long-term
modeling,
benchmarking,
monitoring and
optimization of
vehicle health,
driver behavior, and
fuel consumption.
MineFleet’s unique
data stream mining
technology allows
for advanced onboard
vehicle analysis,
which optimizes
costs by reducing
the amount of data
sent over the
wireless network.
The Sierra Wireless
line of AirLink
products, powered by
ALEOS™ embedded
intelligence, offers
a wide range of
stand-alone wireless
modems for Mobile
and M2M solutions.
For over a decade,
the AirLink line of
products has served
the public safety,
utilities,
transportation,
infrastructure and
financial sectors.
With the addition of
the advanced
predictive vehicle
data mining
capabilities of
MineFleet, Sierra
Wireless and Agnik
will be able to
offer customers a
robust in-vehicle
solution that
integrates elegantly
with many fleet
management
applications.
“We’re very excited
about the prospect
of bringing Agnik’s
MineFleet technology
to our customers.
The combination of
the MineFleet
predictive analysis
and our ALEOS
powered devices
brings a unique
solution to the
in-vehicle data
market,” said Andy
Berman, senior vice
president and
general manager of
the Sierra Wireless
Mobile and M2M
group. “By giving
fleet administrators
the power to
communicate with,
locate and analyze
their entire fleet
from a single
location, the
combined solution
provides customers
with an effective
tool to minimize
downtime and manage
their mobile assets
more efficiently.”
“Sierra Wireless
offers one of the
strongest lines of
wireless
communication and
vehicle tracking
devices in the
industry. By
combining the
AirLink line of
intelligent modems
with the MineFleet
predictive vehicle
data mining
technology, we are
opening up the door
for a new generation
of powerful products
to better understand
the status of a
fleet and optimize
its operating
costs,” said Dr.
Hillol Kargupta,
Agnik’s President.
About
Agnik
Agnik
is a data analytics
company for
distributed, mobile,
and embedded
environments.
Agnik’s flagship
product MineFleet is
designed for
advanced predictive
vehicle data stream
mining to detect
potential health
problems, quantify
reasons behind poor
fuel economy,
bench-marking
vehicle behavior,
and monitoring
driver behavior,
among others. Agnik
is a privately held
company. Agnik's
products are powered
by a collection of
powerful
technologies: 1)
Distributed data
mining, 2) Private
and secure
multi-party data
mining, and 3)
Mobile and embedded
data stream
management and
mining. Agnik's
technology is based
on years of research
by its co-founders
in this area. For
more information
about Agnik, visit
www.agnik.com.
About
Sierra Wireless
Sierra Wireless
(NASDAQ: SWIR – TSX:
SW) modems and
software connect
people and systems
to mobile broadband
networks around the
world. The Company
offers a diverse
product portfolio
addressing
enterprise,
consumer, original
equipment
manufacturer,
specialized vertical
industry, and
machine-to-machine
markets, and
provides
professional
services to
customers requiring
expertise in
wireless design,
integration, and
carrier
certification. For
more information
about Sierra
Wireless, visit
www.sierrawireless.com.
“AirLink” and
“ALEOS” are
trademarks of Sierra
Wireless.
“MineFleet” is a
registered trademark
of Agnik. Other
product or service
names mentioned
herein may be the
trademarks of their
respective owners.
Forward Looking
Statements
This
press release
contains
forward-looking
statements that
involve risks and
uncertainties. These
forward-looking
statements relate
to, among other
things, plans and
timing for the
introduction or
enhancement of our
services and
products, statements
about future market
conditions, supply
conditions, channel
and end customer
demand conditions,
revenues, gross
margins, operating
expenses, profits,
and other
expectations,
intentions, and
plans contained in
this press release
that are not
historical fact. Our
expectations
regarding future
revenues and
earnings depend in
part upon our
ability to
successfully
develop,
manufacture, and
supply products that
we do not produce
today and that meet
defined
specifications. When
used in this press
release, the words
"plan", "expect",
"believe", and
similar expressions
generally identify
forward-looking
statements. These
statements reflect
our current
expectations. They
are subject to a
number of risks and
uncertainties,
including, but not
limited to, changes
in technology and
changes in the
wireless data
communications
market. In light of
the many risks and
uncertainties
surrounding the
wireless data
communications
market, you should
understand that we
cannot assure you
that the
forward-looking
statements contained
in this press
release will be
realized.
Media Contacts
Jacob
Graham
Agnik
Tel: 410-290-0864
E-mail:
jgraham@agnik.com
|
|