Concord, Ontario, October 20, 2020 – – Ultrack Systems Inc., (OTC PINK: MJLB) is pleased to announce that the development of our J1939 CANBUS Device will be completed by the end of the 4th quarter and ready for immediate deployment in vehicle fleets around the globe. The J1939 is developed to provide the most complete and comprehensive list of vehicle information available at the click of a mouse. The Company is not aware of any other single product that provides as much real-time data to vehicle fleet managers as the upcoming J1939.
The Ultrack J1939 CANBUS Device is being developed for transport that does not require Electronic Logging Device (ELD) but would benefit from the comprehensive engine and overall vehicle data that it provides. Our device will have the following features, 4G with external GPS antenna, built in cellular antenna, 4 inputs, 2 outputs, 2 temperature sensor inputs, camera for still images and an SOS button. Among hundreds of other data points, the J1939 logs in real time statistics such as: oil pressure, engine temperature, real-time physical location, fuel rate, engine speed at various points, vehicle speed at various points, and transmission data.
The J1939 CANBUS device is being developed to fulfill a substantial void in the fleet trucking industry. Ultrack’s technology is uniquely developed through our relationships with existing customers. Our J1939 will provide enhanced comprehensive data that will improve fuel management, lower maintenance costs, reduce theft, loss, and streamline fleet operations.
Ultrack CEO Michael Marsbergen stated: “Through continued engagement with our clients we have developed this product to meet their needs as vehicle data is a vital tool to enhance corporate profitability. In 2020 the trucking industry is important as it has ever been as a crucial component to life-saving supply chains. Our hardware and software solutions provide a one-company solution to help these supply chains fulfill their roles on time and with significant fiscal savings”. Marsbergen continued “People have frequently asked me what the cost benefits and value of a product like this are for our clients. The answer is simple and the cost benefits are clear, through our J1939 CANBUS our clients have the ability to save money on fuel costs from unauthorized traveling, monitor and handle vehicle functionality problems early on in order to also save money. Our products limit continued damage caused by unseen issues while also monitoring driver patterns such as hard braking, hard acceleration and speeding.”
Ultrack was classified as an essential service during the pandemic in Canada. The Company continues to pursue new business with vehicle fleets not only in Canada but around the world. MJLB encourages investors to monitor our social media channels as we update on these new revenue streams.
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 service 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.
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.
Ultrack Systems, Inc