Deploy acquires license to Air Brake Monitor Technology
VANCOUVER, Sept. 4, 2013 /PRNewswire/ - Deploy Technologies Inc. (CNSX: DEP) (OTC: DPLY) announced today that it has signed an exclusive license to Air Brake Monitor technology.
Deploy's fleet data management system and GPS tracking services can be extended to interconnect with other technologies. This functionality has provided the opportunity to interconnect with Air Brake Monitoring technologies which the company has acquired license to. This technology has the ability to monitor braking systems on industrial transport vehicles and notify the operator or company of any adjustment and or wear issues with the brakes.
"Our core product has been designed to make exciting opportunities like this possible now and in the future", commented David Eppert, the Company's Chief Executive Officer. "We are experiencing demand for our products and the licensed technologies and intend to fully exploit these opportunities."
ABOUT DEPLOY TECHNOLOGIES INC.
Deploy Technologies Inc. has developed a comprehensive suite of products focused on Fleet Data Management & Weigh Systems solutions. The core of the Company's technology is based on the monitoring, storage and processing of hydraulic pressures data streams which are then used to address a wide range of applications including weight and loading calculations and warning systems for safety assurance initiatives.
FORWARD LOOKING STATEMENTS
The statements contained above which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other.
SOURCE Deploy Technologies Inc.