USTelematics, Inc. (OTC:UTLM), creating proprietary technology and market-disruptive products at the forefront of the connected-car revolution, announced today that the target market it sees worldwide for USTelematics’ recently announced 4VDO service is analogous to the market foreseen for 4G services in a recent report from ABI Research.
ABI Research is a leading market research firm focused on the impact of emerging technologies on global consumer and business markets. According to the research firm, “The total number of 4G subscribers worldwide, including both LTE and WiMAX, is expected to exceed 90 million in 2013. At the end of 4Q 2007, says the firm, there were nearly 3.4 billion mobile subscribers worldwide, with 2.7 billion on GSM/EDGE/GPRS networks.”
USTelematics defines 4G as follows: 4G also known as “Beyond 3G,” is an abbreviation for Fourth-Generation Communications System. The term formerly described the “next” step in wireless broadband communications. However, 4G systems are now a reality in many localities across the world. 4G systems provide a comprehensive Internet Protocol solution where voice, data and streamed multimedia are delivered to users on an "Anytime, Anywhere" basis, and at higher data rates than previous generations.
There are few widely accepted formal definitions for 4G in precise terms, however one description is undisputed: 4G systems are designed to be capable of providing between 10 Mbit/s and 1 Gbit/s data transmission speeds both indoors and outdoors, with premium quality and high security, over wide areas including entire cities and the major roads between cities. Data at these rates easily delivers the richest possible multimedia experiences into wireless mobile devices, including streaming TV and video on large screens that is well within the expectations of people for normal and satisfying TV viewing.
On Wednesday May 7, 2008 Sprint (NYSE:S), Intel (NASDAQ:INTC), Google (NASDAQ:GOOG), Comcast (NasdaqGS:CMCSA) and Time Warner Cable (NYSE:TWC) announced an investment of $3.2 billion into a combined company of WiMax businesses called Clearwire (NASDAQ:CLWR).
According to Sprint’s press release: “The new company, which will be named Clearwire, will be focused on expediting the deployment of the first nationwide mobile WiMAX network to provide a true mobile broadband experience for consumers, small businesses, medium and large enterprises, public safety organizations and educational institutions.”
“USTelematics expects to be a prime mover of people subscribing to 3G and 4G services in moving vehicles,” said Howard Leventhal, Chief Executive Officer of USTelematics. “Our 4VDO service is designed to lubricate the pathway of and lower the barriers against actually making the connection between people in cars and the 3G and 4G services that surround them now, and much more widely in the very near future. By helping firms like Clearwire, Verizon, Sprint, EchoStar and others connect fee-paying subscribers to their connectivity and programming services, we expect to generate considerable revenue and profits from our 4VDO service product. By connecting subscribers under the technology and business model we are building, we have contracts in place that can pay us as much as $600 per unique user.”
USTelematics anticipates deploying its 4VDO system initially in the United States and then moving into global markets as the U.S. system takes on its own momentum. Today, with the recent availability and widespread coverage of Verizon’s EVDO ‘Revision A’ wireless broadband service, nearly 200 million U.S. consumers are within range of the reliable, high quality, live Mobile TV, game, education and information programming content available by using USTelematics’ Voyager Mobile IPTV system. Voyager is tightly linked with 4VDO to get people connected quickly and easily.
According to its website “ABI Research is a leading market research firm focused on the impact of emerging technologies on global consumer and business markets. Utilizing a unique blend of market intelligence, primary research, and expert assessment from its worldwide team of industry analysts, ABI Research assists hundreds of clients each year with their strategic growth initiatives.” A summary of ABI’s projections about 4G services may be viewed by clicking here.
USTelematics, Inc. (“USTelematics” or the “Company”) is engaged in the development and commercialization of next-generation, proprietary technologies to revolutionize the “wired car,” delivering high speed data and entertainment content to private and commercial vehicles. The Company is addressing high-growth opportunities in the projected $54 billion global telematics marketplace with proprietary technologies that enable a full range of voice-driven handheld and automotive mobile communications, full internet connectivity and rich infotainment options. With products that provide a full range of next-generation rear seat infotainment, USTelematics is offering an advance over the old DVD-only systems that still represent the current standard in the rear seat entertainment industry.
To learn more, please visit http://www.USTelematics.com.
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