Winland Electronics, Inc. Receives $3.3 Million Purchase Order Extension from XATA Corporation - 05/31/2006
FOR IMMEDIATE RELEASE
WINLAND ELECTRONICS, INC. RECEIVES $3.3 MILLION
PURCHASE ORDER EXTENSION FROM XATA CORPORATION
FROM: Winland Electronics, Inc. CONTACT: Brett Maas or Cameron Donahue
1950 Excel Drive Hayden Communications
Mankato, Minnesota 56001 843-272-4653
http://www.winland.com/
MANKATO, Minn. /May 31, 2006 / PR Newswire / Winland Electronics, Inc. (Amex: WEX) announced today that XATA Corporation (Nasdaq: XATA) has increased its purchase commitments to Winland by $3.3 million. The $3.3 million increase is anticipated to be consumed by the end of this year. Winland manufactures products utilized in XATA's onboard GPS tracking and wireless communications system marketed to the fleet trucking industry.
Lorin Krueger, Winland's CEO, stated, "This significant order follows the original $4.5 million purchase order we received from XATA Corporation in September of 2005. We have a multi-year agreement with XATA and look forward to being a part of their long-term growth."
"Our supply partners are a vital component in achieving continued growth as well as supplying quality products to our customers." commented Peter Thayer, XATA's Chief Technology Officer, "We look forward to a continuation of our relationship with Winland."
About XATA
A pioneer in onboard fleet management solutions since 1985, XATA revolutionized the trucking industry by being the first to introduce paperless driver logs, exception-based reporting and dynamically updated fleet standards. Today, XATA continues to lead the industry by seamlessly combining global positioning, wireless communication and fleet management software to help companies optimize the efficiency of their fleets. The Company's proven solutions enable its customers to reduce fuel costs, increase productivity, improve safety and enhance customer service. Today, XATA systems increase the productivity of more than 49,000 trucks at over 1,600 distribution centers across North America.
About Winland Electronics
Winland Electronics is an electronic manufacturing services (EMS) company, providing product development and manufacturing expertise and innovation for more than 20 years. Winland also markets proprietary products for the security/industrial marketplace. Winland's product development offering includes program management, analog circuit design, digital circuit design, printed circuit board design and embedded software design. Winland differentiates itself from the contract manufacturer competition with its integrated product development and manufacturing services to offer end-to-end product launch capability, including design for manufacturability, design for testability, transition to manufacturing and order fulfillment. Winland's core competency is delivering time-to-market through superior program management, experience, integrated development processes, and cross-functional teams. Winland Electronics is based in Mankato, MN.
Cautionary Statements
The statements contained in this press release regarding the increase in XATA's purchase commitments to Winland and the value of the Company's expected shipments to XATA this year, are forward looking statements that are subject to risks and uncertainties which may cause actual results to differ from those anticipated in these forward looking statements. These risks and uncertainties include, but are not limited to, the following: (i) XATA may revise or cancel its purchase orders, or delay acceptance of completed goods, due to changes in demand in its business or for other reasons; (ii) unanticipated problems in design, manufacture or performance of the XATA products to be sold to XATA may arise; and (iii) costs of production will exceed current estimates and thereby decrease the profitability of sales to XATA Corporation. Consequently, no forward-looking statement can be guaranteed and actual results may vary materially.
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