QTK quiktrak networks limited

float on london exchange in two days

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    Qtk is about to float on the London stock exchange, Aug 14th I think.

    Here is an old news item about Quiktrak in England

    http://www.computing.co.uk/News/1140412

    Courier chooses tracking option
    By Emma Nash [23-04-2003]

    Addison Lee expects to boost work volume by 40 per cent

    Courier and mini cab firm Addison Lee claims the use of a location-based tracking system will increase the number of jobs it handles by 40 per cent. The London-based company, which has a fleet of 700 vehicle, is equipping all of its drivers with tracking devices from QuikTrak Networks.
    When controllers receive orders for jobs they will be able to use data transmitted from the tracking devices to pinpoint the exact location of drivers out on the road, and establish which driver is nearest and can respond the quickest.
    'We can increase our volume by 40 per cent with the same number of staff,' Peter Ingram, Addison Lee IT director told Computing. 'It all comes down to better management of time and people.'
    Addison Lee has been looking at deploying some kind of location-based services for the past two-and-a-half years and has tested various systems, but none have met its requirements.
    Ingram says the company is currently trialling the QuikTrak technology with around 35 to 40 drivers, with a view to having the technology fully deployed within the next three months.
    Unlike a lot of location-based systems, the QuikTrak network does not rely on global positioning system (GPS), which operates via satellites. The QuikTrak network operates via a serious of radio transmitters and aerials that communicate with each other.
    The fact that the network is not reliant on satellites is very important to Addison Lee, which currently makes around 5,000 journeys a day in and around the capital.
    'GPS relies on satellites and that means it needs line of sight,' Ingram said. 'So if a driver goes into a building for example we don't know where he is. We don't have that problem with the QuikTrak network. Because it works indoors, we can tell customers waiting for a car that the driver is waiting at reception for them, for example.'
    Ingram says the system is also cheaper to run than standard GPS systems, which will allow to operate in near real time, with location updates being made every minute.
    The tracking device is also robust enough to be used by the company's motorbike riders.
    Ingram says costs have yet to be determined, largely due to the fact that Addison Lee is developing in-house software to deal with the integration of its back end systems with the QuikTrak network. However, he expects to see a return on its investment within eight or nine months.
 
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