CalAmp has a similar focus on the remote asset management business, while avoiding Telular’s customer concentration risks in the security system industry. CalAmp also sells customized wireless devices, but it enjoys a more diverse mix of customers that ranges from managers of automobile fleets to owners of energy pipelines. Like Telular, CalAmp has gained from significant economies of scale in its operations, with over 2 million hardware devices currently in use.
In its latest fiscal year, CalAmp grew its top-line at the fastest pace of the past five years, with a 30.2% gain over the prior year. The company benefited from larger automobile fleets around the world and customers' increased desire to create efficiencies in its employees’ usage of assets. CalAmp’s operating income also rose sharply, up 116.8% during the period, due to comprehensive cost savings from its decision to fully outsource its manufacturing activities in 2012.
Looking ahead, CalAmp is well positioned for future growth as businesses and governments increasingly want to use real-time data on their assets in order to optimize their organization’s productivity. More specifically, the auto insurance industry’s use of vehicle sensors to effectively manage usage-based policy discounts is a large, potentially rich source of profits for CalAmp. In addition, the company should be able to increase its market share in international markets, 18% of FY2013 sales, especially in high-risk areas that require constant monitoring of high-value infrastructure assets.
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CalAmp Corp. develops and markets wireless technology solutions that deliver data, voice and video for critical networked communications and other applications. The Company has two business segments: Wireless DataCom, which serves commercial, industrial and government customers, and Satellite, which focuses on the North American Direct Broadcast Satellite (DBS) market. In May 2012, CalAmp Corp announced that it has entered into a five-year supply agreement to provide fleet tracking products to Navman Wireless. As part of the transaction, CalAmp has acquired certain products and technologies from Navman Wireless and established a research and development center in Auckland, New Zealand. The assets acquired by CalAmp include technology for Mobile Display Terminals (MDT) and an MDT product line marketed to telematics original equipment manufacturers (OEMs) globally. In March 2013, it completed the acquisition of the operations of Wireless Matrix Corporation.
The Wireless DataCom segment provides wireless technology, products and services for industrial Machine-to-Machine (M2M) and Mobile Resource Management (MRM) market segments for a range of applications, including optimizing and automating electricity distribution and ancillary utility functions; facilitating communication and coordination among emergency first-responders; increasing productivity and optimizing activities of mobile workforces; improving management control over valuable remote and mobile assets, and enabling emerging applications in a wirelessly connected world.
The Company's Wireless DataCom segment is comprised of a Wireless Networks business and an MRM business. CalAmp's Wireless Networks business provides products, systems and services to industrial, utility, energy and transportation enterprises and state and local governmental entities for deployment where the ability to communicate with mobile
Tuesday, May 28, 2013
Honolulu metro train mock-up revealed
Written by Keith Barrow
"IRJ at the 60th UITP World Congress, Geneva: Representatives of Honolulu Authority for Rapid Transportation (Hart) and AnsaldoBreda unveiled a full-size mock-up of the driverless train for the Honolulu metro at the UITP World Congress in Geneva on May 28.
AnsaldoBreda and Ansaldo STS will supply forty 39m-long trains under the $US 1.33bn design-build-operate-maintain core systems contract, which was awarded to the Ansaldo Honolulu joint venture in December 2011.The first 16 vehicles will be delivered in 2014 and the remaining sets in 2018. Each two-car set will accommodate more than 400 passengers.
The section from East Kapolei to Aloha Stadium is expected to open in 2017, with the remainder of the line scheduled for commissioning in 2019."