Satellite Security Systems Awarded 10 Year Air Quality Contract By the Port of Los Angeles
Posted on: Monday, 10 July 2006, 09:00 CDT
SAN DIEGO, July 10 /PRNewswire-FirstCall/ -- Satellite Security Corporation (BULLETIN BOARD: SSCY) and its wholly-owned subsidiary, Satellite Security Systems, Inc. ("S3"), announced today that S3 has been selected by the Port of Los Angeles to provide GlobalGuard(TM) Electronic Monitoring Units (EMU's) in support of Air Quality Management District clean air programs. S3's GlobalGuard EMU technology will be used to electronically record diesel-engine run hours on marine vessels and mileage accrual and engine-run hours on land-based vehicles within the Port of Los Angeles region and wirelessly transmit the results back to S3's Monitoring and Support Center. This is S3's fourth award in as many attempts at supplying both hardware systems and monitoring services to Air Quality Management Districts throughout California.
The Port of Los Angeles is a significant win for S3 in its efforts to support Air Quality Management Districts in their oversight role of mobile source projects funded under California's Carl Moyer program. GlobalGuard(TM) EMU's, equipped with Global Positioning Systems (GPS) will be installed on marine vessels and eventually on land-based diesel engine-driven vehicles operating within the 7,500 acres of land and water comprising the Los Angeles Harbor District. The Port of Los Angeles issued a Request For Proposal (RFP) on March 21, 2006 to solicit bids from qualified GPS vendors. Of all the proposals received by the RFP due date, the Board of Harbor Commissioners evaluated the submissions and selected Satellite Security Systems, Inc. as the winning vendor to provide these services.
Initially, S3 will be outfitting marine vessels on behalf of the Port. The Port has yet to determine the exact number of marine vessels that will be instrumented with EMU/GPS units at the outset of the program. In subsequent years of this ten year contract, the project will grow to include a growing number of land-based vehicles and other port marine vessels annually. As the program currently stands and while there is no guarantee as to the order volumes, S3 estimates that the indefinite delivery, indefinite quantity (IDIQ) contract has a revenue potential of $1.2 million over the term of the award.
Currently, S3 delivers wireless engine data collection services to the Gateway Cities Council of Governments, the Santa Barbara Air Pollution Control District, and the Sacramento Municipal Air Quality Management District -- all of which is used to help to verify that fleet modernization programs help to reduce exhaust emissions from heavy-duty vehicles operating in these districts. District members are incentivized to purchase newer, cleaner-burning engine equipment and in return, the GlobalGuard EMU's will be used to gather information including engine hours and miles traveled by monitored vehicles throughout various air district zones.
John Phillips, Satellite Security Corp's Chief Executive Officer noted that "S3's technology and efforts in supporting the air quality programs within the state of California continue to be validated as S3 competes for business in this market segment and is selected to support projects like the Port of LA opportunity. "It is encouraging to see districts throughout California lead the way in implementing these types of air quality programs," said Phillips. "With this fourth award, S3 will look to capitalize on its success in California and begin helping air districts in other states understand what can be done to monitor and account for their respective clean air programs."
The company notes that while working closely with the various air quality districts, the company continues to improve on its understanding of the needs of each Air District and strives to offer innovative measures to efficiently and accurately gather the information of importance to these air quality agencies.
About Satellite Security Systems, Inc.
Satellite Security Systems, Inc. (S3), a wholly owned subsidiary of Satellite Security Corporation (BULLETIN BOARD: SSCY) , provides GPS-based solutions that enable an immediate response to ensure the security of personnel, vehicles and equipment, while automating and streamlining business processes in order to reduce costs. The cornerstone of the company's offering, GlobalGuard(TM), is a state-of-the-art GPS tracking system that provides unsurpassed reliability, power, and flexibility.
GlobalGuard(TM) technology combines global positioning, satellite, and wireless communications together with advanced software engineering and services to produce a state-of-the-art system for tracking, monitoring, and controlling both fixed and mobile assets. S3's unique value proposition includes technology designed to accommodate most any customer requirement, data warehousing of tracking data for historical analysis, and a 24/7/365 Monitoring and Support Center (MSC) staffed by specially trained technicians working in conjunction with uniformed authorities. MSC technicians are capable of remotely troubleshooting problems, responding to emergencies, and can take over critical monitoring functions for any client, if necessary.
GlobalGuard(TM) customers include the FBI, the U.S. Dept. of Homeland Security, the U.S. Bureau of Immigration and Customs Enforcement, the San Francisco Unified School District, Fairfax County Public Schools, Inter-State Oil Company, Swain Oil, Snap-On Tools, Gateway Cities of Governments, the Sacramento Air Quality Management District, the South Coast Air Quality Management District, the Santa Barbara Air Pollution Control District and more than 400 other government and commercial entities. S3 is headquartered in San Diego, CA.
To contact Satellite Security Systems Inc.: Marv Serhan 877-437-4199 or mserhan@satsecurity.com
About Satellite Security Corporation
Satellite, through its subsidiary, Satellite Security Systems ("S3"), provides GPS-based solutions to ensure the security of personnel, vehicles and equipment, while automating and streamlining business processes in order to reduce costs. The cornerstone of the company's offering, GlobalGuard(TM), is a state-of-the-art GPS tracking system that provides unsurpassed reliability, power, and flexibility.
To contact Satellite Security Corporation: Investor Relations, 877-437-4199, or IR@satsecurity.com
FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the market for GPS products and services; whether certain market segments, particularly enterprise security, grow as anticipated; the positioning of Satellite's and S3's products in those segments; the competitive environment in the asset tracking and monitoring industry; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Satellite and/or S3 can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Satellite's previously filed Form 10-K and Form 10-Q. Neither Satellite nor S3 undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Satellite Security Corporation
CONTACT: Marv Serhan of Satellite Security Systems Inc.,+1-877-437-4199, mserhan@satsecurity.com; or Investor Relations of SatelliteSecurity Corporation, +1-877-437-4199, IR@satsecurity.com
Source: PRNewswire-FirstCall
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