ATLANTA, March 15, 2011 /PRNewswire/ -- Numerex Corp (Nasdaq: NMRX), a leading single source provider of secure machine-to-machine (M2M) products and services, announces that it is leveraging its M2M platforms to address the multifaceted needs of the global logistics market. In response to the increasing demands arising from complex informational and physical value chains worldwide, Numerex has developed services that provide intelligent and real-time visibility into a wide variety of nomadic assets.
U.S. Secretary of Commerce Gary Locke in his remarks at the Supply Chain Infrastructure Competitiveness Conference in May 2009 in Washington, D.C. defined the challenges of the new supply chain environment, which Numerex services help meet: "We need to find new methods to move products more efficiently if we are to keep pace with the rest of the world. That means viewing the relationship between trade and transportation more broadly, in interconnected and interrelated ways that are much more complex. Old solutions are not enough. Supply chains today are being changed dramatically by forces that go beyond traditional transportation remedies. At every level of a supply chain, one sees more advanced information technology applications, more sophisticated equipment, more integrated business processes."
As the world economy is getting tightly integrated, logistics and supply chain management's role in businesses' value creation cannot be overstated. Asset tracking, as a stand-alone service, is no longer sufficient. Data gathering and analysis are expected to provide critical pieces of information necessary to efficient management. Information technology is now an inherent component of any logistics and supply chain infrastructure. With its advanced services, Numerex provides the tools to optimize the flow of products and activities, which constitute the modern-day supply chain.
"A 'flat world' requires an intricate web of connections and real-time interactions to allow optimal decision-making," said Stratton J. Nicolaides, Chairman and Chief Executive Officer of Numerex. "Our suite of products and services specifically tailored to the logistics market facilitates this global management through smart remote monitoring and control of assets regardless of their geographic location. Hosted in a secure environment, they aim at becoming a critical component of our clients' informational infrastructure."
Numerex Corp (NASDAQ: NMRX) is a leading provider of machine-to-machine (M2M) business services, technology, and products used in the development and support of M2M solutions for the enterprise and government markets worldwide. The Company offers Numerex DNA® that includes hardware and smart Devices, cellular and satellite Network services, and software Applications that are delivered through Numerex FAST™ (Foundation Application Software Technology). Customers typically subscribe to device management, network, and application services through hosted platforms. Business services enable the development of efficient, reliable, and secure solutions while simplifying and speeding up deployment through streamlined processes and comprehensive integration services. Numerex is ISO 27001 information security-certified. "Machines Trust Us®" represents the Company's focus on M2M data security, service reliability, and round-the-clock support of its customers' M2M solutions. For additional information, please visit www.numerex.com.
This press release contains, and other statements may contain, forward-looking statements with respect to Numerex future financial or business performance, conditions or strategies and other financial and business matters, including expectations regarding growth trends and activities in the wireless data business. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "assume," "strategy," "plan," "outlook," "outcome," "continue," "remain," "trend," and variations of such words and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may," or similar expressions. Numerex cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements and future results could differ materially from historical performance.
Numerex Corp. Contact:
Investor Relations Contact:
SOURCE Numerex Corp