USWC -U.S. Wireless NEWS:

Beitrag: 1
Zugriffe: 69 / Heute: 1
USWC -U.S. Wireless NEWS: Parocorp

USWC -U.S. Wireless NEWS:

 
#1
Wednesday April 19, 6:10 am Eastern Time
Company Press Release
SOURCE: U.S. Wireless Corporation
U.S. Wireless Forms Advanced Transportation Systems Division, Compass Services(TM)
Transportation Industry Expert Richard Mudge Named President
SAN RAMON, Calif., April 19 /PRNewswire/ -- U.S. Wireless Corporation (Nasdaq: USWC, Frankfurt: USP), a leading provider of wireless location information and services, today announced the formation of Compass Services(TM), an advanced transportation division of U.S. Wireless, to market transportation management services based on the U.S. Wireless location network. U.S. Wireless has already received two contracts to supply location-enhanced traveler and transportation information in Maryland and Virginia.

The Company named Richard Mudge, PhD, President, and Howard Blank, PhD, Vice President - Technology, of Reston, Virginia-based Compass Services.

Compass Services will provide transportation management services to public and private transportation companies, enabling live traffic monitoring for expressways and arterials, location-enhanced traveler updates and alerts, and meaningful real-time best route advice. Compass Services will also explore opportunities to use U.S. Wireless' network to provide location information for asset tracking and telematics applications.

``The U.S. Wireless location network revolutionizes traffic monitoring by providing cost-effective real-time estimates of traffic speed and congestion, without expensive in-road sensors, aircraft or video cameras,'' said Dr. Oliver Hilsenrath, U.S. Wireless Chairman and CEO. ``The formation of our Compass Services division will enable us to build on the contracts we've already received, to demonstrate to transportation organizations everywhere, the effectiveness of our proprietary technology in solving traffic, congestion and asset location challenges.''

``Traffic is growing twenty times faster than current abilities to add roadway capacity,'' said Dick Mudge, President of Compass Services. ``Reliable information on traffic and individual vehicle location is needed to help drivers and industry planners make better use of our existing transport network. The U.S. Wireless location determination network is ideally suited to meet this demand for accurate real-time traffic and location information. It offers a rich information package, including travel times, vehicle routing and incident notification.''

Mudge, 54, has more than 25 years of transportation industry experience. He was a co-founder and Chairman of the Board of Apogee Research transportation consultants. Twice named to the Inc. 500 list of fastest growing private firms, Apogee later merged with Hagler Bailly, where Mudge then served as Senior Vice President and Managing Director of the firm's transportation practice. Mudge also served in the Congressional Budget Office, where he was Chief of the Public Investment Unit, and directed the organization's advice to Congress on transportation.

Mudge is a leader in the development of innovative finance techniques that merge funding from public and private sources. He is a member of the ITS America Coordinating Council, and chairs the organization's Committee on Benefits Evaluation and Costs. He also serves on several technical committees sponsored by the Transportation Research Board, an arm of the National Academy of Sciences.

Mudge holds a PhD and an MA in Regional Economics from the University of Pennsylvania, and an undergraduate degree in Geography from Columbia College.

Howard Blank has more than 30 years of experience in telecommunications and information technology with applications to transportation. Prior to U.S. Wireless, Blank served as a partner in the telecommunications systems and business strategy practice of Booz Allen & Hamilton, and as a senior partner with SRI. He has also worked for Computer Sciences Corporation and Bell Telephone Laboratories. He is a member of the Governing Board and past General Chairman of INFOCOM, the joint computer communications conference of the Communications and Computer Societies of the IEEE.

Blank holds a PhD in Systems Engineering and Operations Research from the University of Pennsylvania. He additionally holds an MS in Engineering, a BS in Electrical Engineering, and is a graduate of the Bell Telephone Laboratories Graduate Studies Program.

About U.S. Wireless Corporation

U.S. Wireless is powering the next generation of instant wireless information services. Through a national network of wireless location systems, the company will enable wireless carriers and others to offer a rich blend of location-enhanced services including life-saving 911 caller pinpointing, localized news and traffic updates, enhanced directory assistance, vehicle and asset tracking, intelligent transportation and carrier network management services.

U.S. Wireless plans to build and operate a nationwide service bureau of location networks based on its RadioCamera(TM) system, in 100 markets across the United States, beginning with the Washington, D.C./Baltimore metro area. For more information about U.S. Wireless and its RadioCamera(TM) network, please visit the Web site at www.uswcorp.com.

NOTE: RadioCamera(TM) and the U.S. Wireless logo are trademarks of U.S. Wireless Corporation.

Special Note Regarding Forward-Looking Statements: A number of statements contained in this press release which are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements, including, among others, the size and scope of the geolocation services market, the timing of governmental requirements and the success of the company in this market. A description of these and other risks and uncertainties can be found in the company's filings with the Securities and Exchange Commission.

SOURCE: U.S. Wireless Corporation


Börsenforum - Gesamtforum - Antwort einfügen - zum ersten Beitrag springen