TechnoCom Sells Mobile Resource Management (MRM) Business Unit

location based services

LOS ANGELES--(BUSINESS WIRE)--May 26, 2006--TechnoCom Corp., a leading provider of solutions to enable wireless services and assure their ongoing performance, announced today the sale of their successful mobile resource management (MRM) device business to CalAmp Corp. (Nasdaq:CAMP), a leading manufacturer and supplier of wireless solutions.
This sale adds further focus to TechnoCom's core businesses, location assurance software and services, key to the success of revenue producing commercial location-based services (LBS) and the performance of life-saving wireless enhanced 911 (E911) services; and emerging wireless technologies, critical to enabling a new class of consumer and safety applications. TechnoCom is retaining rights to the technology used in its innovative LocationAssurance Devices -- an important differentiator in the location assurance marketplace.
"This transaction benefits all parties involved," said Masoud Motamedi, president of TechnoCom. "CalAmp's manufacturing expertise provides efficiencies that will help our MRM customers remain competitive over the long haul. And for CalAmp, this transaction brings with it a superior Location Messaging Unit (LMU) family of smart fleet tracking devices, a strong customer base, and outstanding growth."
TechnoCom's core MRM business unit team is joining CalAmp to ensure a smooth transition for customers.
About TechnoCom Corp.
TechnoCom is a leading provider of solutions to enable wireless services and assure their ongoing performance. TechnoCom offers a portfolio of wireless infrastructure solutions and emerging wireless technologies to network operators, service providers, system integrators and government agencies. These solutions enable customers to manage their wireless and location infrastructures and services, reduce operating and capital costs, increase productivity, and rapidly deploy new revenue-generating services. Founded in 1995, TechnoCom was named for the past three years as one of the 50 fastest-growing technology companies in Los Angeles by Deloitte & Touche. The company's customers include some of the world's largest wireless carriers and integrators, including, among others, Alltel, ARINC, Cingular, Cricket Communications, Raytheon, SAIC, SprintNextel, SunCom Wireless, Telefonica Empresas S.A., Telus, T-Mobile, and Verizon. TechnoCom has received investments from Timeline Ventures, Titan Investment Partners, Third Point Management and iSherpa Capital. For more information, please visit www.technocom-wireless.com.
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