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Vancouver, Canada (SPX) May 13, 2008 GPS Industries announces that it has signed a Master Supply Agreement for sales in China with GPSi Asia, our exclusive Asian distributor. As a result of continued emergence of the China market, GPSI and GPSi Asia have agreed to terms whereby GPSi Asia will purchase 15 or more systems or up to 1,750 Inforemer HD Mobile Display Units ("MDU"). In accordance with the MSA, GPSi Asia has advanced an initial deposit to GPSI to initiate production of the first 5 systems and to obtain preferred pricing. The MSA projects that GPSi Asia will have submitted purchase orders valued at up to US$3.5 million to fulfill the quantities contained in the MSA by the end of this year. "GPSI is very excited about this opportunity to expand our customer base and the use of the Inforemer product in China. Through our International Distribution Agreement signed in May of 2006, we believe GPSI Asia has proven their ability to compete in this market and we look forward to working with them well into the future," stated Bart Collins, member of GPSI's Board of Directors. GPSI is a minority shareholder in GPSi Asia whereby GPSI owns 17.5% of the common stock of GPSi Asia. Community Email This Article Comment On This Article Share This Article With Planet Earth
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United Utilities Drive Productivity And Safety With Masternaut Three X Satellite Tracking
Leeds, England (SPX) May 12, 2008United Utilities has chosen the latest web-based satellite tracking solution from Masternaut Three X for monitoring the productivity of its tanker fleet. Operating throughout the north west of England, United Utilities plc management can view tanker movements in real time via any web-enabled PC. |
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