LiteLink Signs Agreement with J.J. Keller to Introduce ELDs to Carriers Across Canada
05 6월 2019 - 7:30PM
LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF), a
key player in logistics platforms and payment solutions, is pleased
to announce that it has signed an agreement with J.J. Keller &
Associates Inc. (“J.J. Keller”), the most respected name in safety
and regulation compliance, to gain access to the J. J. Keller®
Encompass® Fleet Management System and promote Electronic Logging
Devices (“ELDs”) to carriers in Canada.
The agreement will give LiteLink access to data
from J. J. Keller’s Encompass® ELDs to provide 1SHIFT Logistics
clients with up-to-date information from carriers to augment the
1SHIFT mobile app. The deal also offers LiteLink the
opportunity to refer new customers to Encompass® ELDs.
Amendments to the Canadian ELD mandate are expected
to finalize this summer, requiring all carriers to equip their
trucks with ELDs. According to the Canadian Department of
Transport, roughly 64,000 commercial motor vehicles (CMVs) will be
affected by the proposed amendments.
“As a Canadian publicly traded company, LiteLink
has an opportunity to introduce J.J. Keller ELDs to carriers across
the country. The first-to-market ELD aggregate providers in
Canada will have a foot ahead in capturing a significant portion of
the Canadian market,” says LiteLink CEO Ashik
Karim. “We’re in a very unique situation where ELD
providers are lining up to provide their hardware for our
Canadian-based logistics system to grow their market share in
technology across Canada. This agreement with J.J. Keller
gives LiteLink the ability to introduce one of the best ELDs to
carriers in Canada in preparation for the upcoming mandate.”
LiteLink will be onboarding ELDs that are active in
Canada and the US into its marketplace initially. Moving
forward, LiteLink plans to onboard an additional 50 through 2019 in
preparation for the Canadian ELD mandate.
About Electronic Logging DevicesAn
ELD is a physical electronic hardware component that is attached to
commercial trucks to record speed, location, and record driving
hours while the engine is in use. The primary purpose of ELD
is compliance and safety, two key mandates that align with
LiteLink’s value statement.
The Federal Motor Carrier Safety Administration
announced the final ELD rule in December 2015 requiring all
electronic logging devices for all trucks model-year 2000 or newer
engaged in interstate commerce across the USA.
About LiteLink Technologies
Inc.LiteLink Technologies Inc. is a major player in
developing world-class enterprise platforms that utilize artificial
intelligence, blockchain, and predictive analytics to solve
fragmented and outdated technology problems in the logistics and
digital payment industries. Our flagship 1SHIFT logistics
platform offers real-time transparency and tracking which allows
brokers, shippers, and carriers to track shipments and settle
payments in real-time. uBUCK Pay is a multi-currency
digital wallet that supports traditional fiat and digital
currencies. Consumers are able to make online and offline
purchases using the uBUCK debit card and send funds worldwide for
free.
For further information, contact Bronson Peever at
833-205-6945 ext. 3742 or email investor@litelinktech.com.
About J.J. KellerJ. J. Keller is
the trusted source for DOT / Transportation regulation compliance
products and services. J. J. Keller helps the industry
increase safety awareness, reduce risk, follow best practices,
improve safety training, and stay current with changing
regulations.
Our partnership set us apart as leaders in
electronic devices (ELD) that will record a driver's driving hours
and duty status automatically and in real-time. This
automatic connection to a vehicle's engine improves ELD compliance,
keeps our drivers and shipments safe and simplifies the overall
recordkeeping process.
Forward-looking Statement
This news release may contain certain
“Forward-Looking Statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target”, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information
may relate to the nature of the business of LiteLink, and other
factors or information. Such statements represent LiteLink’s
current views with respect to future events and are necessarily
based upon a number of assumptions and estimate that, while
considered reasonable by LiteLink, are inherently subject to
significant business, economic, competitive, political and social
risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements
to be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements. LiteLink does not intend and does
not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or
changes in circumstances or any other events affections such
statements and information other than as required by applicable
laws, rules and regulations.
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