CalAmp Corp. (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, today reported results for the second quarter of fiscal 2012 ended August 31, 2011. Key elements include:
Michael Burdiek, CalAmp's President and Chief Executive Officer, commented, "our wireless datacom business continues to experience strong growth in the second quarter with our mobile resource management (MRM) posted a record operating revenue. We have experienced strong consistent demand for our MRM and services with applications in fleet management, vehicle finance, asset tracking, stolen vehicle recovery and start the car remotely. In addition, we believe that we are competitively positioned for several emerging MRM applications such as pay as you (PAYD) insurance to drive. "
Mr. Burdiek added, "In wireless networks we are making progress on a number of projects in public safety and energy sectors, including new wins in a smart grid project with one of our utility metering core single channel partners. In our rail Positive Train Control project we reach milestones penting in the second quarter by completing the design phase and the subsequent delivery of a pilot unit in our second quarter mulai pre-production phase of the project and are on track to begin shipments during the quarter radio today .. LATEST kontrak command has increased the overall value of this project for over $ 14 million and we expect significant revenues from this project through the second quarter of fiscal year 2013. "