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News

Vehicle location technology patent agreement

CalAmp : 10 December, 2007  (Company News)
CalAmp and DriveOK reach agreement on the sale and distributioni of GPS based tracking systems for vehicles
CalAmp has entered into a patent license agreement with DriveOK, a provider of GPS-enabled vehicle tracking solutions, for use of CalAmp's US Patent Nos. 6,025,774 and 6,249,217 B1. The patents relate to a vehicle location system that enables automobile finance companies to locate and repossess vehicles serving as collateral on loans that go into default.

CalAmp acquired these patents with the acquisition of the Aircept Vehicle Tracking business from AirIQ in March 2007, and has since filed complaints in the United States Federal Court against Procon, Skywatch GPS and iMETRIK Solutions for infringement.

"CalAmp is firmly committed to protecting and enforcing its intellectual property rights, and we are pleased that DriveOK chose to license our patented process technology for use in their business," stated Michael Burdiek, President of CalAmp's Wireless DataCom Division. "DriveOK understood early on the value of our intellectual property position, and they can now pass on the benefit of our patented methods to their customers. This segment of the Vehicle Tracking market is lightly penetrated by the advanced technological solutions we offer, and we believe it has a significant opportunity for growth for CalAmp and licensees of our intellectual property."

"DriveOK supplies turnkey GPS vehicle tracking solutions to a wide variety of master distribution channel partners including Vehiclepath, SysLOCATE, and StealthTracking," stated Mark Wells, President and Chief Executive Officer of DriveOK Inc. "By licensing CalAmp's patented process technology, we enable the maximum sales and marketing flexibility for ourselves and our master distributors when serving the wide variety of potential auto dealers, aftermarket accessory providers, and vehicle fleet customers."

CalAmp's Aircept Vehicle Tracking business provides both equipment and monitoring services for vehicle financing companies, including 'buy-here-pay-here' dealerships that specialize in automobile financing for high credit risk individuals. According to the 2007 National Independent Automobile Dealers Association (NIADA) Used Car Report, $75.8 billion in used car sales were financed by independent car dealers in the United States during 2006 as Grade C paper or lower, representing an annual addressable market of nearly 9 million vehicles.

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