East Coast Diversified, through its subsidiary EarthSearch Communications, today announced it has entered into a five-year master distributor agreement with Komtelecom in Russia, valued at approximately $5 million.
EarthSearch’s solutions utilize wireless communication between GPS and RFID to deliver solutions that include warehouse operation, movement of secured cargo, oil tankers, pipeline and other fixed assets management solutions, as well as fuel monitoring, temperature sensor, weight sensors, door sensor, and a variety of other custom applications.
Per the agreement, Komtelecom will serve as EarthSearch’s exclusive representative in Russia, and will hold non-exclusive representation in 10 other former Soviet Republics. Komtelecom will also host EarthSearch software under a special licensing agreement, and will secure its own local distributors and partners in the region through which it will offer EarthSearch’s logistics solution.
East Coast Diversified has had its eye on the Russian market, and for the first time, the company will host its proprietary GATIS applications outside the United States, in Russia. EarthSearch will modify its hardware to utilize the Russian made Glonass GPS receivers, which works exclusively within the Russian territory and former Soviet republics. Minimum annual purchases under the agreement will average $1 million annually, including other development and service costs.
"We have been working to establish presence in this region for some time now. It is a vibrant and fast growing market with significant need for advanced cargo and asset security technology. EarthSearch offers complex logistics application well suited to the needs in Russia. I am looking forward to working with Boris Kunin, CEO and all the other executives at Komtelecom," Kayode Aladesuyi, CEO of East Coast Diversified stated in the press release.
For more information, visit www.eastcoastdiversified.com
The QualityStocks Blog keeps investors up to date on everything related to the Small-Cap and Micro-Cap markets. By visiting our blog, investors also discover emerging companies that they otherwise would not have heard about.
The message boards here at QualityStocks is one of the most highly regulated, no-nonsense forums online today. Investors actively discuss their favorite trading ideas within the NYSE, NASDAQ, AMEX, OTCBB and Pink Sheets markets.
QualityStocksTwits is your stock tracking service portal to Twitter's universe of stock picks, commentary and research.
Meet The Team
Meet the team at QualityStocks.
Get your newsletter covered
by The QualityStocks Daily.
Become a sponsor of
The QualityStocks Daily.
Get your company featured
in The QualityStocks Daily.
|Submit Public Company Press Releases Press@QualityStocks.net|
|Submit Public Company News Releases News@QualityStocks.net|
Submit Resume Jobs@QualityStocks.net
See Job Descriptions
To submit a press release, share a story idea, or give us feedback, contact us.
Go back to see our previous newsletters and find out what you might have missed.