Omnilink’s technology has even further elevated our platform capabilities allowing us to serve new market like people tracking and mPERS and many other markets.Īlso, while Numerex has been focused on developing specific customer opportunities for the most part like John Deere and United Technologies amongst others and on developing light box solutions used in supply chain and security, Omnilink’s focus has been primarily on developing and building channels to market through strategic partnering and key distribution relationship. Our vertical strategy builds on these platforms allowing us to move into underserved niche market with versatility and speed, leveraging our platforms broad capabilities and scale. We expect to leverage this new channel by introducing existing products and services and by developing new programs in concert with our channel partners, distributors and enterprise customers.Īs we mentioned in the past, we believe that our M2M operating system, which includes our gateway services is the most robust fully integrated M2M ecosystem in the marketplace.īy adding FocalPoint, Omnilink’s award winning platform to our portfolio we have significantly enhanced our mobile tracking and monitoring capabilities in both enterprise and consumer markets. We believe Omnilink has done a great job cultivating relations with the number of strategic partners, as well, specifically major wireless network operators such Verizon and Sprint, and it open channels to market to collaborative ventures in the mPERS and child tracking segment.Īudio locks in Omnilink co-develop the car connect program that is distributed through wireless network operators and other major distributors of cellular-based product. The same Omnilink proprietary technology used in these monitoring applications has been adapted for us in fleet and asset tracking with unique and highly accurate mapping and positioning services. In addition, we believe there are adjacent market opportunities created by the acquisition, especially in the areas of lone worker safety, child tracking and the host of additional people tracking applications. This opens new market for existing products with little of any product overlap or redundancy rather to say we have very few horizontal application and network services customers who are currently operating in the offender monitoring space or compete with our channel partners mPERS product. Well, first of all, we enhanced our horizontal platform capabilities and significantly added to our product lines and key verticals of security and asset tracking and can apply this newly acquired technology to our supply chain and other product lines.Įxpansion of the security products and services to include the fast growing of offender monitoring and mobile personal emergency response or mPERS fits very well within our long-term distribution and channels strategy. I am sure you will have questions, plenty of questions and I will provide what we believe are some of the compelling reasons for the transaction. Well, we got off to a very good start this year with the strong financial performance and also significantly advancing our strategic plan with the acquisition of Omnilink. Please keep in mind that to the extent our statements are not historical fact, they should be considered as forward-looking and may involve certain risks, as detailed in this afternoon’s press release and in the company's SEC filings. Rick Flynt, our CFO, and I will comment on the company's quarterly operations and financial performance, after which we will open up the call to your comments and questions in the Q&A that follows. Ladies and gentlemen, good afternoon, and welcome to Numerex's first quarter conference call. I would now like to turn the call over to Mr. Instructions on that feature will follow later in the program. Today’s conference will begin with the presentation, followed by a question-and-answer session. And welcome to the Numerex First Quarter 2014 Financial Results Conference Call with your host Stratton Nicolaides, Chairman and CEO of Numerex Corporation. ( NASDAQ: NMRX) Q1 2014 Results Earnings Conference Call 4:30 PM ET
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