Business Services Industry
SARS Andronics Achieves ISO Quality Management Certification for International Oil and Gas Industries
Business Wire, Feb 7, 2008
SEATTLE -- SARS Corp. (OTCBB:SARO) ("SARS"), a leading provider of remote asset management and telematics solutions, today announced that its subsidiary, SARS([R]) Andronics ("Andronics"), has achieved ISO 9001-2000 certification. This certification from the International Organization for Standardization ("ISO") recognizes that Andronics has met quality management specifications intended to ensure safe and reliable equipment in its deployments throughout the international oil and gas industry.
"The ISO is recognized worldwide as the leading authority on quality management, with a rigorous certification program," said Clayton Shelver, CEO of SARS Corp. "This is an important stamp of approval that ensures customer confidence in Andronics and accelerates the sales cycle for new prospects."
ISO 9001-2000 was developed by the ISO in cooperation with the American Petroleum Institute to meet the needs of major petroleum, petrochemical and natural gas organizations, as well as government and regulatory agencies, as the basis for qualification of the quality management systems of equipment manufacturers and service suppliers. The specification establishes practices, technical requirements and terminologies for products, services and systems that, when adopted by a company, ensure customers of a universal level of quality.
Andronics previously met the first edition of the specification published in 2003; the updated edition was announced by the ISO in December 2007.
Andronics, acquired by SARS Corp. in December 2007, develops two-way data solutions for monitoring and managing remote assets, specifically vehicles and liquefied petroleum gas ("LPG") tanks. Based on the expected deployment of approximately 5,000 new LPG monitoring units, SARS anticipates that the acquisition will generate $4.5M - $5.5M USD in additional revenue through December 31, 2008. Andronics currently has 4,000 LPG units deployed with some of Europe's largest energy companies.
Andronics' UtilityEye LPG system monitors remote LPG tanks, both above and below ground, identifies fuel levels and sends utility notifications when a tank is filled and/or transmits alarms when fuel levels drop to a predetermined level. UtilityEye LPG is equipped with a battery power supply and information is communicated to the utility via Low-Earth Orbit ("LEO") satellites, making monitoring reliable in remote locations.
In addition to the UtilityEye LPG system, Andronics develops LEOCATE, a solution that uses General Packet Radio Service ("GPRS") technology to track and monitor the movement and location of vehicles. With LEOCATE, fleet managers receive automated email reports including data such as engine idle time, distance traveled, number of stops, hours worked and fleet utilization.
About SARS Andronics
SARS Andronics, established in 1996 and headquartered in Northern Ireland, provides global two-way data solutions for monitoring and controlling remote assets. With a strong commitment to research and development, the company is widely recognized for its technical innovation and commercial success in telematics applications. For more information visit www.andronics.com.
About SARS Corp.
SARS Corp. provides remote asset management and telematics solutions that deliver real-time business intelligence about fixed and mobile assets anywhere in the world. With the Intelitrax software suite, business and government organizations in the marine, energy, transportation and other industries can track, monitor and manage assets for improved safety, better security and increased business efficiency. For more information visit www.sarscorp.com, call 866-276-7277, or join the SARS Corp. e-mail distribution list.
Safe Harbor Statement
The contents of this Press Release may contain forward-looking statements which can be generally identified as such because the context of the statement will include the words such as SARS Corp. "expects," "should," "believes," "anticipates" or words of similar import. Such forward-looking statements are subject to certain risks and uncertainties including the financial performance of SARS Corp. which could cause actual results, performance or achievements of SARS Corp. to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.
"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. SARS Corp. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by SARS Corp. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with our ability to (i) increase revenues, (ii) obtain profitability, (iii) obtain additional financing, (iv) manage changes in general economic and business conditions (including in the asset management and asset tracking industries), (v) react to actions of our competitors, (vi) develop new services and markets for our services, (vii) properly quantify the time and expense involved in such development activities, (viii) identify and manage risks in connection with acquisitions (ix) evaluate the level of demand and market acceptance of our services and (x) make necessary changes to our business strategies.
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