Effective Control Transport Expands to Worldwide Software Licensing
and Integration Services
Friday February 29, 12:29 pm ET
LONGUEUIL, QC--(MARKET WIRE)--Feb 29, 2008 -- Effective
Control Transport, Inc. (Other OTC:EFFC.PK
- News) (www.econtroltransport.com),
a leading software and solution provider specializing in technology that
monitors a drivers vigilance, today announced the expansion in software
licensing and integration services, and the acquisition of a software company
offering high level management of data security and encryption.
Future growth and the company's sales and marketing efforts focus on The
FOLO CRAM(TM), which allows for effective monitoring in the vigilance state
of the driver, including but not limited to fatigue. It has been scientifically
proven that fatigue is directly linked to decreasing levels of cognitive
resources. Thus, in monitoring the availability and reduction in precious
cognitive resources needed for safely driving a vehicle, drivers and fleet
managers are capable of ensuring timely preventive actions.
The FOLO CRAM(TM) does not affect the driver's normal performance. It requires
no special connection or wiring and is easily integrated into fleet management
applications already installed in the market today.
With timely and accurate information such as the one provided by the FOLO
CRAM(TM) application, preventive actions can be taken by the driver and
the fleet managers to avoid costly incidents and potentially catastrophic
accidents.
After significant and comprehensive market and industry analysis, ECT has
determined to focus its business efforts on software and integration solution
services. Because of the recent months of successful implementation of this
framework and since ECT will no longer need to engineer and manufacture
hardware, the company has decided not to move forward with the Argo Navigation
acquisition.
Raphael Huppe, CEO of ECT, stated, "We continue to see a tremendous demand
for The FOLO CRAM(TM), and we believe our future growth is in the licensing
of ECT's suite of software applications through leading worldwide service
providers of AVL and fleet management services as well as through the monthly
monitoring fees that will be charged to compile and report the data that
is collected. Additionally, field test results of the Advanced Biometric
Identification Technology application known as FOLO ABIT(TM), which is used
for security and driver profiling, have been very successful. The system's
ability to identify and build a profile of a specific driver, offers companies
many different uses including but not limited to, the eventual elimination
of the 'log book' as well as ability to know which drivers take longer to
become drowsy and what types of routes work better for different drivers."
"This acquisition will enable ECT, through its products and services, to
optimize the security between the FOLO CRAM(TM) and FOLO ABIT(TM) and our
backend infrastructure, completing a full monitoring and reporting solution.
The response from leading fleet management service providers has been overwhelming
and we believe the benefits of becoming a licensor and integration solution
provider will eliminate the upfront manufacturing costs and provide better
margins including exponentially increasing our time to market," concluded
Mr. Huppe.
ECT is an information technology firm that has developed fully integrated
solutions for the transportation industry along with offering the highest
level of technical expertise enabling them to service a wide range of customers
and provide tailored solutions.
For additional information visit www.econtroltransport.com.
All statements in this news release that are other than statements of historical
facts are forward-looking statements, which contain our current expectations
about our future results. Forward-looking statements involve numerous risks
and uncertainties. We have attempted to identify any forward-looking statements
by using words such as "anticipates," "believes," "could," "expects," "intends,"
"may," "should" and other similar expressions. Although we believe that
the expectations reflected in all of our forward-looking statements are
reasonable, we can give no assurance that such expectations will prove to
be correct.
A number of factors may affect our future results and may cause those results
to differ materially from those indicated in any forward-looking statements
made by us or on our behalf. Such factors include our limited operating
history; our need for significant capital to finance internal growth as
well as strategic acquisitions; our ability to attract and retain key employees
and strategic partners; our ability to achieve and maintain profitability;
fluctuations in the trading price and volume of our stock; competition from
other providers of similar products and services; and other unanticipated
future events and conditions.
Contact:
Investor Relations
Andrew Barwicki
516-662-9461
Source: Effective Control Transport, Inc.