Press Releases
FOR IMMEDIATE RELEASE
Remote Dynamics Announces Joint Marketing Agreement with Syclo to Expand Mobile Field Service & Asset Management Markets
Companies leverage their industry leading mobile computing and telematics technologies to offer comprehensive mobile workforce management to their joint customers
RICHARDSON, Tx., June 9, 2005 – Remote Dynamics, Inc. [NASDAQ: REDI], a leading provider of telematics-based management solutions for commercial fleets, announced today that Syclo, an Illinois company headquartered in the Chicago metro area, is the newest member of Remote Dynamics' REDIpartner™ sales and marketing alliance that co-markets applications to mobile workforces, enabling them to track and report on the movement of the vehicles and remote business operations.
Through this partnership, the two companies will offer solutions that leverage REDIview with Syclo's SMART Mobile Suite and Agentry™ technologies in order to provide a comprehensive mobile work force management solution. Syclo's SMART Mobile Suite of software is used by more than 500 organizations in 28 countries. Built upon Syclo's Agentry technology, SMART allows workers to use mobile devices for work, inventory, and asset management.
"Teaming with Syclo is yet another validation of the solution-focused REDIpartner program," states Scott Broudy, Remote Dynamics, Inc. VP. "Syclo's proven ability to put enterprise data into the hands of field service personnel, coupled with REDIview's mobile communication enabling platform, introduces an unprecedented capability to fully automate a company's mobile supply chain. The combination of mobile computing and vehicle location is the most effective way to streamline business processes for mobile workforces."
Remote Dynamics' REDIview™ solution is a complete suite of mobile resource management tools created for managing and maintaining commercial fleets, providing businesses across North America affordable access to enterprise-level telematics designed to improve operations regardless of fleet or mobile workforce size. The company's partner and channel sales strategy aligns REDIview with complementary companies and products that collaboratively drive the benefits of GPS tracking and mobile resource management solutions into various vertical industries.
"Telematics and mobile computing are naturally complementary technologies," according to Jeff Kleban, EVP of Alliances for Syclo. "Through our partnership with Remote Dynamics we can offer solutions that leverage location information to improve the mobile computing experience and value to the organization. This combination is the direction in which the industry is headed."
With Syclo technology, workers electronically capture accurate data at the point of performance and access critical information in real-time, while managers benefit from previously untapped value of desktop applications that rely on accurate data points to deliver valuable reports and forecasting capabilities.
With a number of successful partnerships executed to date, Remote Dynamics aims to set the standard for advanced integrated mobile resource management solutions in the marketplace through a variety of partnership agreements with industry providers like Syclo, who will feature REDIview in their reference portfolio.
Broudy adds, "The network of value-added relationships that we are building across the telematics industry is growing every week, and partners like Syclo lend strength and momentum to REDIview's business proposition for integrated mobile resource management solutions and increased ROI strategy."
About Syclo LLC:
Syclo is a leading developer of mobile solutions that streamline workflow and maximize productivity. Building on its flagship development platform Agentry™, Syclo offers fully configurable mobile applications that run on a variety of devices and support real-time wireless or offline computing. Syclo's SMART Mobile Suite, the most widely deployed solution for enterprise asset management, includes pre-packaged and pre-integrated applications for maintenance and field service teams. Syclo's Mobile Consulting and Professional Services groups utilize Agentry to design, develop and integrate customized solutions on- time and within budget. Over 500 Global 1000 corporations across industries have deployed Syclo's solutions. For more information, please visit www.syclo.com or email info@syclo.com.
About REDIview:
Implementing today's leading wireless and network technologies, REDIview is a unique, easy-to-use, telematics system that enables any business fleet with mobile resource management capabilities, anytime and anywhere. The Remote Dynamics' mobile data logging unit, the REDI2000, transmits minute-by-minute vehicle information via GPRS networks to the company's network operations center, where the information is managed, stored and accessed securely through any Internet browser. Combined with GPS tracking, REDIview gives fleet operators real-time tracking of mobile assets and exception-based reporting that identifies areas of cost and service performance improvement. The REDIview solution delivers an immediate return on investment through increased revenues and reduced operating costs for customers with fleets of any size. More information on REDIview is available online at http://www.remotedynamics.com/product.html.
About Remote Dynamics, Inc.:
Remote Dynamics, Inc. [NASDAQ: REDI] provides patented state-of-the-art mobile resource management solutions that contribute to higher customer revenues, enhanced operator efficiency and improved cost control. Combining GPS and wireless telematics with supply chain management, the company's solutions improve mobile worker productivity through real-time position and route reporting, as well as exception-based reporting that analyzes mobile workforce inefficiencies for operational optimization. More information about Remote Dynamics is available online at http://www.remotedynamics.com.
Legal notice to investors: Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the company "expects," "believes," "anticipates" or words of similar import. Similarly, statements that describe the company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements generally involve known and unknown risks, uncertainties and other facts, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: ability to successfully implement new customers; acceptance of new product offerings; ability to successfully implement a channel partner strategy; ability to co-market and/or integrate REDIview products and services with Williams products and services; ability to successfully integrate mobile resource management products with customer's existing logistics management systems; ability to achieve sales projections; ability to achieve and maintain margins during periods of rapid expansion; availability of capital to fund expansion and change in business model to recurring revenue model; ability to attract and retain qualified sales personnel; market conditions; general economic and business conditions; business abilities and judgment of management and personnel; changes in business strategy and competition. For a listing of risks applicable to the future prospects of the company, please refer to the reports filed with the SEC, such as recent 10-K and 10-Q Reports.
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"Remote Dynamics," "REDIview," "REDIpartner," and their associated logotypes are trademarks and service marks of Remote Dynamics, Inc. © Remote Dynamics, Inc. Syclo and Agentry are trademarks of Syclo LLC.
Company Contact:
Scott Broudy
VP - Channel & Partner Sales
Remote Dynamics, Inc.
972.301.2775
sbroudy@remotedynamics.com
www.remotedynamics.com
Media Contacts:
Chris Hansard / Stephanie Mayo
Shelton
972.239.5119
chansard@sheltongroup.com
smayo@sheltongroup.com