Remote Knowledge Begins First rk3000 Production Run at Suntron
Market Wire, September, 2004
Remote Knowledge, Inc. (OTC BB: RKNW), a developer of remote communications solutions, today announced the first production run of 100 rk3000 monitoring and communications units for the marine market at the Houston, Texas, facility of its manufacturing partner, Suntron Corporation.
The rk3000 is an end-to-end marine telematics solution that connects boaters to their vessel and shore contacts through a combination of leading satellite, cellular and GPS technologies for asset tracking and communications purposes.
"We are excited to release production of the first units intended for use by customers in the U.S. and select international marine markets," said Remote Knowledge Chief Executive Officer Randy Bayne. "We are extremely pleased in the quality of manufacturing and engineering expertise provided by our partner, Suntron. Over the past year, both companies have worked to complete the final design of the rk3000 system, and both are now ready to commence manufacturing and delivery of our telematics product to Remote Knowledge's marine customers. We look forward to a continued and strong relationship with Suntron in the future."
Mike Eblin, Chief Operating Officer of Suntron, said, "Suntron possesses a vertical integration strategy that enables us to improve time-to-market for Remote Knowledge as well as enhance their manufacturing flexibility. We are looking forward to strengthening our relationship with Remote Knowledge throughout the entire rk3000 product life cycle."
About Remote Knowledge
Remote Knowledge, Inc., based in Houston, Texas, develops, markets and delivers end-to-end communications and innovative asset management solutions to remote regions anywhere in the world. Enabled by its proprietary telematics technologies, Remote Knowledge provides real-time location-based services via two-way wireless data transfer linked with GPS connectivity. Remote Knowledge's products are designed to service the marine pleasure craft, recreational vehicle, commercial maritime, construction, and oil and gas industries.
About Suntron Corporation
Suntron delivers complete manufacturing services and solutions to support the entire life cycle of complex products in the semiconductor capital equipment, aerospace and defense, medical and industrial markets. Headquartered in Phoenix, Arizona, Suntron operates seven full-service, assembly facilities and two quick-turn assembly facilities in North America. Suntron is involved in printed circuit card assembly, cable and harness production, plastic injection molding, sheet metal, product design, engineering services, and full systems integration and test. The Company has approximately 2,750 employees and contract workers.
Forward-Looking Statements
This information contains forward-looking statements that relate to our business. Such statements are not guarantees for future performance, and actual results could differ materially from those expressed or implied in such statements as a result of certain factors. All statements, other than statements of historical facts, included in this information that address activities, events or developments that we expect, believe, intend or anticipate will or may occur in the future, including the following matters, are forward-looking statements. These statements are based on certain assumptions and analyses made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. These forward-looking statements are subject to risks and uncertainties, including those associated with the availability of additional financing on favorable conditions; general economic; market and business opportunities that may be presented to and pursued by us; changes in laws or regulations; and successful exploitation of our market opportunities. Significant factors that could prevent us from achieving our stated goals include our inability to obtain financing for research and development, manufacturing, and marketing expenditures, our inability to compete against existing or future competitors, a substantial increase in the cost of our products; declines in the market prices for our products; and adverse changes in our target markets. We undertake no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Investor Contact: Matt Kreps Halliburton Investor Relations 972-458-8000 mkreps@halliburtonir.com
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