Wave of Mobile Technology Spurs New Name and Innovative,
Flexible Solution
Xata Corporation today announced the company is changing its name
to XRS Corporation and introduced a revolutionary all-mobile
platform of the same name for trucking compliance, performance and
fleet optimization. The announcements came today during the Xata
User Event (XUE) in Minneapolis. The new name, which stands for
Xata Road Science, is effective immediately. The company expects to
be listed on the NASDAQ Capital Market under the new symbol "XRSC"
as early as August 14, 2012.
"We've always been at the forefront of developing technologies
and services that have brought the power of science to the trucking
industry," says Jay Coughlan, CEO of XRS Corporation. "Now, we've
pioneered mobile fleet optimization, a revolution that's literally
putting the power of technology in every driver's hand. Our new
name honors Xata's proud history while reflecting our breakthrough
new mobile technology."
The company's name change is driven by its new, all-mobile
platform, designed to help fleets and drivers capture data for two
essential needs: to keep drivers and fleets compliant, and to slash
costs. The company's eight years of success and more than 50,000
mobile subscribers with its first-generation mobile tool, Turnpike,
have paved the way for XRS.
XRS will run on more than 50 types of mobile devices to
automatically transmit vehicle and operator data directly to a
management dashboard. Nearly 90 percent of drivers already have
mobile devices in use, meaning there are no additional hardware
costs associated with XRS. XRS Corporation has partnership
agreements with the leading brands in mobile communications in both
the U.S. and Canada.
XRS also makes life easier for drivers, as it takes only 10
minutes to install with easy, instinctive use, and data sharing.
The flexibility of XRS to work alongside thousands of other
applications available for smartphones and tablets makes it as big
or as small as users need it to be—whether for owner-operators or
small, medium or large trucking operations.
Each attendee of the XUE conference today received a free Huawei
MediaPad 7 tablet computer. The tablet is loaded with the XRS app,
giving attendees a hands-on trial of the new mobile platform and
its ease of use. Additionally, members of the company's Xperience
Customer Board have tested XRS in the months leading up to today's
announcement.
"As a long-time Turnpike customer, we relished the opportunity
to be one of the first to try XRS," says Cliff Dixon, Vice
President of Information Technology at Quality Distribution, Inc.,
the largest dedicated bulk tank truck network in North America.
"We've been pleased with the improved performance and business
results gained from Turnpike, but XRS provides even more power,
ease of use and flexibility for our drivers and fleet managers. We
primarily ship a broad range of hazmat chemicals, so safety and
compliance is of the utmost importance. XRS is software as a
service, removing the complexity of changing hardware or software
whenever regulations change – XRS is automatically updated to
comply with new regulations so we know we're covered. We look
forward to rolling XRS out fleet-wide once it is generally
available."
"The days of expensive, hard-wired, on-board installations are
gone. Mobile technology is established in our industry; XRS is the
next step. We are already working with our legacy Xata customers to
help them go mobile with ease and efficiency," says Coughlan. "We
are truly excited for how XRS will transform our industry."
With XRS, there are no up-front hardware costs and no capital
requirements. The subscription-based monthly service will be in the
range of current Turnpike pricing today, with varying pricing
levels dependent on package and feature functionality. Every XRS
package level includes an XRS Relay in-cab device that communicates
via Bluetooth with the driver's existing smartphone or tablet. The
return on investment of XRS is almost immediate, and it pays off in
driver productivity, fuel efficiency, fleet utilization, accident
prevention, compliance and much more. At a trooper stop or weigh
station, a driver's smartphone or tablet linked to the truck's
computer through the XRS Relay device serves as mobile proof of
compliance with XRS data.
"Today's rapidly changing regulatory environment requires fleets
and drivers to find a mobile platform like XRS that stays on top of
new regulations to help them remain compliant," says Annette
Sandberg, former FMCSA administrator and current CEO of TransSafe
Consulting. "Using mobile technology is a win-win for drivers and
fleets to improve safety, compliance and performance."
XRS is scheduled for general release in spring 2013. Pricing and
package levels will be announced prior to general availability in
the spring. To sign up or for more information, please visit
www.xrscorp.com.
About XRS Corporation
XRS Corporation (formerly Xata Corporation) delivers mobile
compliance and fleet management software solutions to the trucking
industry to maintain regulatory compliance and slash operating
costs. XRS is leading the trucking industry's migration to mobile
devices for collecting and analyzing compliance and management
data. Its existing mobility-based products are low-cost and
easy-to-install solutions that run on smartphones, tablets and
rugged handhelds-- devices often owned by drivers, themselves. XRS
has sales and distribution partnerships with the major wireless
carriers in the U.S. and Canadian trucking industry.
Through XRS, fleet managers, dispatchers and drivers collect,
sort, view and analyze data to help reduce costs, increase safety,
attain compliance with governmental regulations, and improve
customer satisfaction – all through their mobile devices.
For more information, visit www.xrscorp.com or call
1.800.745.9282.
Cautionary note regarding forward-looking statements
This announcement includes forward-looking statements.
Statements that are not historical or current facts, including
statements about beliefs, expectations and future events, are
forward-looking statements. Such statements are based on current
expectations, and actual results may differ materially. The
forward-looking statements in this announcement are subject to a
number of risks and uncertainties including, but not limited to,
timely release and market acceptance of our products and product
features, the pricing of our products, the availability of
compatible devices, developing and future regulations affecting our
products and customers, dependence on propriety technology and
communication networks owned and controlled by others, our ability
to establish and maintain strategic partner relationships and other
factors discussed under "Risk Factors" in Part IA, Item 1 of our
Annual Report on Form 10-K for the fiscal year ended September 30,
2011 (as amended and updated by our subsequent reports filed with
the United States Securities and Exchange Commission). These
reports are available under the "Investors" section of our website
at www.xrscorp.com and through the SEC website at www.sec.gov.
Forward-looking statements speak only as of the date they are made,
and we undertake no obligation to update them in light of new
information or future events.
Contacts:
Megan Mahoney XRS Corporation megan.mahoney@xrscorp.com
952.707.5681
Shelli Lissick Bellmont Partners shelli@bellmontpartners.com
651.276.6922
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