NavStar Reports Progress on Fulfilling Purchase Order for $4.5M for the PowerSports Market Segment
NavStar Technologies, Inc., a company focused on producing and commercializing products and services for tracking/monitoring and reporting on the location and condition of high value cargo and other assets, has issued an update on their progress toward fulfilling a $4.5M PO for the US PowerSports market segment.
PowerSport Business Industry continues to report strong sales in 2012 reversing a trend over the past several years. With more than 30,000 motorcycles stolen annually in the US and Canada the demand for a small inexpensive tracking and monitoring product and service has become the most desirable aftermarket accessory requested by PowerSport owners. NavStar is pleased to report great progress on developing an affordable solution to satisfy this demand.
The NavStar PowerSports device is 2" x 2.5" x .5", has a rechargeable battery, is water and weather resistant, provides stolen vehicle recovery service as well as monthly monitoring and tracking service, has internal GPS and wireless antennas, and provides user alerts via SMS or email. The target delivery date is April 2012.
"The NavStar PowerSports hardware and service offering has been designed to solve several problems that have existed in this market segment for years," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "We have made the NavStar product very small, easy to install, affordable, an alarm system as well as a tracking/monitoring system, and will work anywhere in the US and Canada. Our goal by focusing on this market segment is to provide affordable products and services to address the needs of the 6.1M PowerSport owners in the US."
About NavStar Technologies, Inc.
NavStar (www.navstarinc.com) is a rapidly growing provider of asset tracking products and services in the US and in emerging countries around the world. With a proven product and 20,000 units in service, we provide an affordable solution to protect and monitor high-value assets and cargo.
NavStar's overall goal is the creation of products and services which support a variety of market segments including, cars, trucks, recreational vehicles and people.