ANAHEIM, CA--(Marketwire -02/24/12)- NavStar Technologies, Inc. (Pinksheets: NVSR.PK - News), 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 identified another market segment for its unique wireless/GPS hardware and services platform.
NavStar announced today that it will leverage its new technology hardware platform to provide an ultra-low cost solution to participate in the "machine-to-machine" (M2M) growth that is expected in the next 5 years.
- Gartner has named M2M one of the top ten mobile growth markets for the next 5 years.
- Beecham Research forecasts that 57B M2M units will be installed worldwide by 2014 and M2M Asset Visibility will be a $28 billion market.
- Beecham also predicts that 95mm wireless M2M modems will be in service in the US by 2013.
- Strategy Analytics estimates that 34mm M2M units will be sold in the US by 2013.
"The possibilities for M2M growth are limitless and it has been heralded for many years as the next huge wireless/GPS market segment opportunity, but the technology has taken longer to develop than most experts forecasted," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "The technology pieces are finally in place to support M2M applications. We will focus initially on three market segments: (1) oil, gas and water meters, (2) power generators/sub-stations and (3) healthcare."
The scope of data collection and monitoring is broad, but as Gary King, director of Harvard's Institute for Quantitative Social Science, says in the NY Times article, "It's a revolution. We're really just getting under way. But the march of quantification, made possible by enormous new sources of data, will sweep through academia, business and government. There is no area that is going to be untouched."
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.
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