Nippon Yusen Kabushiki Kaisha- (NYK) Logistics Selects PAR Logistics Management Systems to Provide Intermodal Generator Set Tracking System for Their Fleet
Friday September 7th 2007
NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PTC - News), today announced that NYK Logistics, Inc., has selected PAR's GT 200 Genset Tracking system for their fleet of power units. Under the terms of the agreement, NYK plans to roll out PAR's solution on a continual basis.
PAR's Genset Tracking system will provide essential information to NYK on their gensets and intermodal refrigerated container's status, location, fuel levels, battery, hours of operation and history. NYK will be able to utilize this information to provide the most reliable and protected services to shippers of perishable commodities.
"NYK recognizes the value of maximizing the utilization of our assets while promoting best of breed technologies for advanced frozen food safety and security." said Gene Perry of NYK; "PAR's genset tracking solution will allow us the ability to offer real-time fuel level monitoring and location variables while bringing a new level of value to our business as well as to the businesses of our customers."
John W. Sammon III, Vice-President & GM of PAR Logistics Management Systems, commented, "Being selected by NYK Logistics as their provider of tracking and monitoring systems for their fleet further validates both the technology and business of Par LMS. With the cost of fuel such a critical driving force in the shipping industry's profitability, it is our belief that leading lines like NYK will attain an advantage through real time asset management and visibility. Sammon continued, "PAR's tracking solutions deliver a high ROI in a very short period of time by providing our customers with critical visibility into their operations, while simultaneously giving them the flexibility to rapidly deploy new assets and distribution strategies."
About NYK
With their headquarters in Tokyo Japan, NYK began operations in 1885. Today the steamship line owns and operates over 700 different types of shipping vessels including 141 container ships and 27 reefer ships Since its foundation in 1885, Nippon Yusen Kabushiki Kaisha (NYK Line) has overcome various challenges and grown steadily to become one of the world's leading shipping companies.
While recognizing the importance of wide-ranging trade and commerce as a basis for the development of the world's economies and cultures, we at NYK Line have sought to offer safe, high-quality services as both a logistics megacarrier and cruise enterprise.
About PAR Logistics Management Systems
PAR Technology Corporation has developed a state-of-the-art solution for the monitoring of transport assets and cargo throughout the intermodal shipment lifecycle. This solution has two primary business targets: the Commercial Shipping industry; and obtaining Federal Government contracts with agencies like the Departments of Defense, Transportation and Homeland Security. Cargo*Watch® provides customers with the tracking and tracing information needed to optimize logistics operations during highway, rail, ocean, and air transport. This technology has also been recognized to be an effective tool in providing port security and satisfying other Homeland