STOCK TITAN

Ultrack Completes Reprogramming of Their DriveLineELD Product and Provides ELD Certification Update

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Ultrack Systems Inc. (OTC Pink: MJLB) announced the reprogramming of their DriveLineELD product to meet updated standards. Following a revised testing protocol from FP Innovations, Ultrack integrated an OBDII testing requirement into their existing system. They have successfully conducted 400 out of 450 tests in-house and aim to complete the remaining tests by mid-July. Ultrack expects to obtain certification soon, with CEO Michael Marsbergen expressing confidence in the product's capabilities and the company's future offerings.

Positive
  • Successful completion of 400 out of 450 in-house tests for the DriveLineELD product.
  • Anticipation of successful certification for the reprogrammed DriveLineELD chip.
Negative
  • The reprogramming process has been time-consuming and presents unforeseen challenges.

Concord, Ontario, June 30, 2021 (GLOBE NEWSWIRE) -- Ultrack Systems Inc. (OTC Pink: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that their DriveLineELD product has been reprogrammed according to updated standards and requirements.

In Ultrack's press release dated April 29th, 2021, FP Innovations advised Ultrack that a reformed testing protocol was required to obtain certification. The OBDII testing protocol was added to the procedure and as per the Government’s mandate dated January 2021 this testing protocol was not a requirement. Adding the OBDII testing protocol to the J1708/J1939 was a complex task since the OBDII was originally designed for cars and light trucks. The OBDII connects to the engine control module (ECM) and requests the data that it wants. The J1708/J1939, designed for commercial trucks and heavy equipment, continuously sends data out in a constant stream. Ultrack’s DriveLineELD chip required reprogramming to 1) recognize the different vehicles it is connected to and 2) understand if the data is being requested or received from a constant stream. Finally, all data must be converted to the ELD mandate.

The FP Innovations certification testing procedure consists of 3 sections of tests which totals approximately 450 individualized tests. Ultrack has decided to perform these tests in-house before submitting our reprogrammed DriveLineELD for certification. Currently we have performed 400 in-house tests successfully and anticipate completing the additional tests by mid July. We will submit our reprogrammed DriveLineELD for certification once all testing has successfully been completed.

Ultrack CEO Michael Marsbergen commented: “Reprogramming our DriveLineELD chip and performing 400 successful tests has been an unanticipated challenge. Making sure we pass on each test, fixing any related bugs that have popped up and completing changes along the way has been a time-consuming process, but I’m pleased that we are near completion. All of us here at Ultrack are extremely confident that we will obtain successful certification and will announce the availability of this and other industry disruptive products in the near future. I am committed to keeping investors abreast of any and all developments and progress.”

The Company invites current and future shareholders to check back regularly at our website http://ultrack.ca, Facebook page: www.facebook.com/UltrackSolutions and Twitter page: https://twitter.com/ultracki

About MJLB: Located in Concord, Ontario, Ultrack Systems Inc., (www.ultrack.ca) is a publicly traded company listed on the OTCMARKETS under the MJLB trading symbol. Ultrack Systems Inc., is a provider of GPS tracking solutions. We develop, implement, and distribute electronic monitoring and tracking systems for companies in leasing, transportation, construction, disposal, and many other services driven industries. Our platform includes live tracking, reports, and alerts on a web-based platform. Our mission is to provide the best fleet tracking, reporting systems and our commitment to service. The Company plans to launch a new ELD product in 2021 in partnership with major corporations that will take the trucking industry by storm.

Safe Harbor Statement: This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.

Email: info@ultrack.ca
Website: http://ultrack.ca
Facebook: www.facebook.com/UltrackSolutions


FAQ

What is the latest update on Ultrack Systems' DriveLineELD product as of June 2021?

Ultrack Systems has reprogrammed their DriveLineELD product to meet new standards and successfully completed 400 out of 450 required tests.

How many tests does Ultrack need to complete for their DriveLineELD certification?

Ultrack needs to complete a total of 450 tests, of which 400 have been successfully completed.

What is the significance of the OBDII testing protocol for Ultrack's DriveLineELD?

The OBDII testing protocol is essential for the DriveLineELD to recognize different vehicles and comply with the ELD mandate.

When does Ultrack expect to complete the remaining tests for the DriveLineELD?

Ultrack anticipates completing the remaining tests by mid-July 2021.

What is the stock symbol for Ultrack Systems?

The stock symbol for Ultrack Systems is MJLB.

ULTRACK SYSTEMS INC

OTC:MJLB

MJLB Rankings

MJLB Latest News

MJLB Stock Data

158.89k
295.11M
Scientific & Technical Instruments
Technology
Link
United States of America
Concord