|[February 20, 2013]
Wireless Matrix Extends Satellite Agreement with LightSquared
HERNDON, Va. --(Business Wire)--
Wireless Matrix (TSX: WRX), a leading provider of satellite
communication services for critical business applications and GPS fleet
management solutions, announced today that it has executed an extension
of its service agreement with LightSquared (News - Alert), a provider of wholesale
mobile satellite data, voice and bandwidth leasing services.
Under the terms of the agreement, LightSquared will provide Wireless
Matrix with satellite communications service through mid-February 2016,
utilizing LightSquared's next-generation SkyTerra (News - Alert)-1 satellite.
SkyTerra-1 is among the most powerful commercial satellites ever built,
and offers reliable, ubiquitous coverage throughout North America.
The agreement enables Wireless Matrix to provide service continuity for
customers utilizing satellite service as an integral part of ther
business. These include railroad operators that use satellite for
mission-critical locomotive communications, energy companies that must
connect with mobile workers for outage management and other unscheduled
tasks, and energy companies requiring always-on monitoring of the status
of fixed-site asset operations in remote locations.
"This service extension provides operational security for our existing
satellite customers," said Rick Myers, CEO and executive chairman of
Wireless Matrix. "It also provides a foundation for development of next
generation satellite service offerings for the businesses we serve."
About Wireless Matrix:
Wireless Matrix Corporation (TSX: WRX) provides fleet solutions to
improve delivery metrics. The company's software and wireless data
solutions provide intelligence for managing, measuring and monitoring
service execution. Users consistently report greater on-time arrivals,
increased productivity and lower total operating expenses. The Wireless
Matrix solution suite includes FleetOutlook®, a web-based
platform providing fleet operators complete visibility of their
operations and vehicle mounted cellular and satellite wireless data
communication services. Wireless Matrix is headquartered in Herndon, Va.
For more information, visit www.wirelessmatrix.com.
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