Published:
iPackets International Targets the Multi-Billion Dollar Chinese Mine-Safety Industry to Accelerate Its Immediate Revenue Generation Strategy
iPackets International, Inc. (OTC: IPKL), a
global provider of wireless data solutions for the network operator and
enterprise markets, announced today that it's targeting the Chinese
mine-safety industry with its iPMine comprehensive software solution.
iPMine is an advanced 2-way wireless solution for tracking, monitoring, and
communicating with miners and equipment underground and above ground.
iPMine provides the necessary tools to greatly improve all aspects of
mine-safety by tracking, in real-time, the location of miners and
equipment. iPMine was successfully demonstrated 1,800 feet (600 meters)
below ground to one of the largest nickel and copper mining operations in
China. iPackets has spent years researching the Chinese market while having
made a number of site visits to build a comprehensive understanding of the
market.
Mine-safety has been a major issue in the Chinese mining industry. More
than 6,000 miners died in accidents in China last year, according to
previously released Chinese government figures. Independent estimates say
the real figure could be as high as 20,000. In March 2005, Chinese Premier
Wen Jiabao said that the government will spend this year US$361 million on
"safety technologies upgrading" at selected state-owned coal mines. In
February 2005, the Chinese State Administration of Work Safety (SAWS)
mandated US$6.3 billion to be spent over the next three years to improve
mine-safety. According to SAWS, the US$6.3 billion will bring safety
systems and equipment in line with national standards. SAWS said that China
reported 80 per cent of the world's total coal mining-related deaths,
although it produced only 35 percent of the world's coal.
China's mining industry ranks third in the world. According to MBendi,
China has about 80,000
state-owned mining enterprises and 200,000 collectively owned mines. Coal
mining is by far the largest; there are over 25,000 coal mines in China of
which 600 are state-owned. iPMine's revenue potential is significant in
China. "iPackets is well positioned to capture a substantial market share
of this multi-billion dollar industry over the next 36 months," said Naiel
Kanno president & CEO of iPackets.
iPackets' iPMine go-to-market strategy is to become a dominant solution
provider in wireless-based
mine-safety and communication solutions, with a global presence. Our
initial focus is China and we will expand into the rest of Asia, East
Europe, Latin America, and other markets as the opportunities arise. To
leverage our rapid growth, it is imperative to pursue direct and indirect
sales channel strategy. iPackets is currently in the final discussions with
a local Chinese partner to act as its exclusive master agent in China for
the iPMine product.
"One of the most significant strengths of iPackets is its management team,"
said Mr. Kanno. "With 100+ years of combined experience in the high tech
and software industry, the team has an extensive knowledge in building
world-class organizations and the development of leading-edge wireless
solutions. This experience provides iPackets with the vision and dedication
necessary to rapidly grow its business and address customers' needs."
About iPackets International, Inc.
iPackets International is a global provider of wireless data solutions for
the enterprise and network operator markets that connect on-the-move
professionals to applications -- efficiently and reliably. iPackets'
enterprise solutions consist of iPSuite and iPMine. iPackets' network
operator and VoIP solutions consist of the iPRoam and iPTalk products.
iPackets utilizes its breakthrough wireless technology, Reliable Packet
Management (RPM), to manage data packets over any wireless network and
virtually on any wireless device. For more information, please visit
www.ipackets.com.
Certain statements included in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or enhancement of
our services and products, statements about future market conditions,
supply and demand conditions, and other expectations, intentions and plans
contained in this press release that are not historical fact and involve
risks and uncertainties. Our expectations regarding future revenues depend
upon our ability to develop and supply products and services that meet
defined specifications. When used in this press release, the words "plan,"
"expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our current
expectations.
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Tags: ,Energy and Utilities:Coal, ManufacturingandProduction:MiningandMetals, Telecom:TelecommunicationEquipment, Telecom:TelecommunicationServices, Telecom:Wireless, ,INTHPINK,BC,VANCOUVER, BC