@Road and Eaton Form Strategic Alliance; Both Companies Now Poised to Jointly Develop and Market Innovative Field Asset Managem
23 Marzo 2006 - 4:05PM
Business Wire
@Road, Inc. (NASDAQ:ARDI), a global provider of next-generation
solutions for Mobile Resource Management (MRM), today announced it
has entered into a strategic agreement with Eaton Corporation's
Vehicle Solutions business unit. Under the terms of the agreement,
@Road and Eaton will cooperate on the development of a
comprehensive Field Asset Management (FAM) solution as well as
co-marketing and distribution initiatives within the global
commercial vehicle market. The announcement was made today during a
news conference held at the 2006 Mid-America Trucking Show at the
Kentucky Fair & Exposition Center in Louisville, Kentucky.
Eaton Corporation (NYSE:ETN) is a diversified industrial
manufacturer with 2005 sales of $11.1 billion. Eaton engages in the
design, manufacture, marketing, and servicing of electrical systems
and components; fluid power systems; truck drivetrain systems;
automotive engine air management systems, powertrain solutions, and
specialty controls worldwide. Once known as a vehicle components
supplier, Eaton has diversified to include a broader industrial and
commercial focus. "By combining forces, we believe @Road and Eaton
are well-positioned to leverage our respective strengths," said Leo
Jolicoeur, @Road chief marketing officer. "We look forward to
working closely with Eaton and jointly developing and delivering
advanced Field Asset Management solutions to the global commercial
vehicle market." @Road and Eaton will work together on the joint
development of a comprehensive Field Asset Management solution
specifically designed to bring together innovative @Road(R)
on-demand GPS-based location intelligence, real-time vehicle
diagnostics, and wireless communication capabilities technology
with Eaton's industry-leading onboard diagnostic and safety
systems. The agreement also enables both companies to market and
distribute the jointly developed solution. "Our alliance with @Road
means we can combine our technologies to deliver an integrated
solution that enables fleet owners to monitor their vehicles in
real time, schedule vehicle downtime, monitor vehicle operational
issues, and provide drivers with enhanced safety systems," said
Roderick Jones, manager of Eaton's Vehicle Solutions business unit.
"With the new solution that Eaton and @Road are working to bring to
the commercial vehicle market, we expect to be able to better help
fleet owners optimize vehicle performance and uptime while
decreasing vehicle operating costs. Additionally, the legacy of
service and credibility that our Roadranger representatives bring
to the truck marketplace makes this alliance with @Road compelling
for everyone -- especially our customers." @Road Field Asset
Management solutions are part of the @Road family of Mobile
Resource Management solutions designed to help businesses large and
small optimize the field service delivery process by automating the
management of their mobile workers, their mobile workers' work and
their mobile workers' assets. @Road Mobile Resource Management
solutions integrate and leverage numerous state-of-the-art
technologies, including next-generation high-speed wireless
communications, global positioning system (GPS), hosted and
licensed software applications, transaction processing and the
Internet. @Road Mobile Resource Management solutions are offered in
on-demand, on-premise or hybrid software delivery environments and
can interface with most existing back-office software applications
for enterprise-wide functionality and benefit across business
processes. Eaton's understanding of base vehicle systems from the
driveline perspective enables the company to bring to market
innovative solutions such as its MD Mobile Diagnostics, a line of
progressive diagnostic tools and solutions for the trucking
industry. MD Mobile Diagnostics is designed to help fleets
customize solutions to their specific service requirements and
needs. The MD line includes vehicle link adapters, handheld scan
tools, PC diagnostic software, vehicle vibration analyzers and PDA
diagnostic software. Additionally, Eaton's VORAD Collision Warning
Systems include forward, side and rear radar sensors designed to
detect objects and vehicles in the vehicle's intended path that may
pose a hazard. In-cab display units with a series of warning lights
and audible tones are intended to warn the driver of the presence
of these objects and vehicles. These warnings are designed to give
the driver added time to take any necessary action to avoid a
collision. Eaton VORAD systems are also available with the optional
SmartCruise, adaptive cruise control that helps maintain safe
distances between vehicles in addition to accident recording and
reconstruction and fleet information management systems. About
@Road @Road, Inc. is a leading global provider of solutions
designed to automate the management of mobile resources and to
optimize the service delivery process for customers across a
variety of industries. @Road delivers Mobile Resource Management
solutions in three key areas: Field Force Management, Field Service
Management and Field Asset Management. By providing real-time
Mobile Resource Management infrastructure integrating wireless
communications, location-based technologies, transaction processing
and the Internet, @Road solutions are designed to provide a secure,
scalable, upgradeable, enterprise-class platform, and are offered
in on-demand software delivery, on-premise or hybrid environments
that can seamlessly connect mobile workers in the field to
real-time corporate data. @Road is headquartered in Fremont,
Calif., and has a global presence with offices in North America,
Europe and Asia. For more information on @Road solutions, visit
www.road.com. About Eaton Corporation Eaton Corporation is a
diversified industrial manufacturer with 2005 sales of $11.1
billion. Eaton is a global leader in electrical systems and
components for power quality, distribution and control; fluid power
systems and services for industrial, mobile and aircraft equipment;
intelligent truck drivetrain systems for safety and fuel economy;
and automotive engine air management systems, powertrain solutions
and specialty controls for performance, fuel economy and safety.
Eaton has 59,000 employees and sells products to customers in more
than 125 countries. For more information, visit www.eaton.com.
Except for the historical information contained herein, the matters
discussed in this news release are forward-looking statements
involving risks and uncertainties that could cause actual results
to differ materially from those in such forward-looking statements.
These factors, risks and uncertainties include, but are not limited
to, the ability of @Road and Eaton to develop and market Field
Asset Management solutions pursuant to the strategic agreement; the
ability of @Road or Eaton to comply with the terms of the strategic
agreement; the risk that the parties may disagree in the future
over the terms applicable to their relationship or the
interpretation of one or more provisions of the strategic
agreement; customer acceptance of the solution(s), if any, arising
from the relationship between @Road and Eaton; and general economic
and political conditions. Further information regarding these and
other risks is included in the @Road Report on Form 10-Q dated
November 8, 2005 and in its other filings with the Securities and
Exchange Commission. @Road and the @Road logo are trademarks or
registered trademarks of @Road, Inc. All other trademarks or
service marks used herein are the property of their respective
owners.
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