Concord, Ontario, Feb. 03, 2023 — McapMediaWire –Ultrack Systems Inc. (OTC: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to provide an update regarding their ELD certification and upcoming plans for 2023.
Ultrack received detailed feedback from the approving regulatory agency regarding the changes required to our ELD for certification.
Ultrack’s programmer and developer has advised that these changes required to comply with Transport Canada certification can be implemented in a timely manner and has already begun to adjust the software in accordance with the new requirements set forth by Transport Canada.
Ultrack is following a comprehensive action plan to adopt the required changes and complete the additional tests for ultimate ELD certification.
Ultrack’s action plan includes incorporating the USA mandate into our ELD to reach a greater market share. Because all USA mandates will now be included in Ultrack’s ELD, the long delay for ELD certification may have a silver lining of allowing the product to be immediately sold and used throughout all of North America. (Information regarding the US Mandate: https://eld.fmcsa.dot.gov/)
Ultrack CEO Michael Marsbergen commented: “Ongoing real-world ELD testing in 2 trucks has been very successful and our product has solved a few major issues that currently exist within the ELD world: the length of time to download from the backend server the drivers hours to get their trip started and a lack of cellular service in certain areas which will create a non-compliant situation. Ultrack’s ELD has successfully overcome these issues as it stores the drivers hours and ELD data on the internal memory. Nobody is more frustrated than I am at the certification delay because I know we have a superior ELD. I know my competition. I know what’s currently available. Ultrack’s flagship ELD device is simply better.”
In other efforts the Company is actively seeking joint-venture relationships and/or acquisitions in 2023 that are within the non-tech, recession proof sectors. Ultrack has already identified one well-established business that could be a seamless fit and add immediate value for our stakeholders. Updates on this front will be forthcoming.
The Company invites current and future shareholders to check back regularly at our website http://ultrack.ca, Facebook page: https://www.facebook.com/UltrackSolutions and Twitter page: https://twitter.com/ultracki
Ultrack Provides Q1 Update on The Company’s Flagship ELD Certification | MCAP Media Wire https://t.co/bmgYFV2RVG— Ultrack Systems Inc. (@UltrackI) February 3, 2023
About MJLB: Located in Concord, Ontario, Ultrack Systems Inc., (www.ultrack.ca) is a publicly traded company listed on the OTCMARKETS under the MJLB trading symbol. Ultrack Systems Inc., is a provider of GPS tracking solutions. We develop, implement, and distribute electronic monitoring and tracking systems for companies in leasing, transportation, construction, disposal, and many other services driven industries. Our platform includes live tracking, reports, and alerts on a web-based platform. Our mission is to provide the best fleet tracking, reporting systems and our commitment to service. The Company plans to launch a new ELD product in 2022 in partnership with major corporations that will take the trucking industry by storm.
Safe Harbor Statement: This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.