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ANDRONICS, LTD. is delighted to announce the acquisition of our Company by SARS Corp. and its subsidiary, Secure Asset Reporting Services, Inc., located in Seattle, WA

posted 29th January 2008

ANDRONICS, LTD. is delighted to announce the acquisition of our Company by SARS Corp. and its subsidiary, Secure Asset Reporting Services, Inc., located in Seattle, WA. The Acquisition was completed on December 20, 2007.

 

About SARS Corp.

SARS Corp. provides remote asset management and telematics solutions that deliver critical 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. To learn more about how SARS is helping companies centralize and leverage asset intelligence, visit www.sarscorp.com

SARS anticipates that this completed acquisition will generate $4.5M - $5.5M USD in additional revenue for the company through December 31, 2008, based on the expected deployment of approximately 5,000 new LPG monitoring units. Andronics already has 4,000 units deployed with some of Europe's largest energy companies.

 

About Andronics Ltd.

Andronics Ltd., 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.


'Utility-Eye' Remote LPG Tank Monitoring

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 satellite, making monitoring reliable in remote locations.

LEOCATE - Andronics Fleet Management System

Andronics have also worked closely with fleet managers to develop LEOCATE, a class-leading solution that uses Satellites and General Packet Radio Service ("GPRS") technology to track and monitor the movement and location of vehicles and personnel in real time. LEOCATE is being used by many of Irelands largest and most recognisable companies across many sectors to help manage efficient vehicle operations, enhance customer service, manage social legislation (Driver's Hours / Working Time Directive), improve Health & Safety, reduce vehicle and staff costs and reduce the carbon footprint associated with vehicular operations.  It is a scalable solution and contributes as strongly to companies with 3 vehicles as those with 500.

Utility Eye -  Remote Water and Waste Water Monitoring Solution

'Utility Eye' solution, used to monitor water levels, water quality/pollution and pumping stations. Our system again uses satellites to transfer data from the site to a dedicated website accessed by the Customer. The system alerts staff and creates alarms for critical levels or malfunctions.  By interfacing to level gauges and temperature probes, we give forewarning of critical water levels as well as plotting the seasonal rise and fall of levels. This information is accessible at any time, anywhere in the world.

 

 

Clayton Shelver, CEO of SARS Corp., writes:

"We are already seeing strong demand for Andronics' breakthrough technology for the remote monitoring of propane and butane gas tank levels via satellite," said Clayton Shelver, CEO of SARS Corp. "The energy market is a key opportunity for the company, and we expect unit sales to accelerate as we further penetrate Europe and expand deployments into North and South America and China."