Time Spot Press Releases
Ingram Micro to Distribute CalAmp's ExtendTime? Time & Attendance
Application for Cisco IP Phones
OXNARD, Calif.--(BUSINESS WIRE)--June 29, 2005--CalAmp Corp. (NASDAQ:CAMP) announced today that its Solutions Division has agreed to a distribution arrangement with Ingram Micro (NYSE:IM), the world's largest technology distributor, to make available CalAmp's time and attendance Voice Over Internet Protocol (VoIP) software solution - ExtendTime(TM) - to Ingram Micro's Cisco IP telephony customers nationwide. Ingram Micro is the leading U.S. distributor of Cisco IP phones and supports this technology with dedicated Cisco and video/data/telephony help desks.
ExtendTime is a powerful new application designed to enable the mobile economy by un-tethering employees from traditional timekeeping methods and allowing them to "sign in" and "sign out" through the screen on an IP phone. Other features include employee message retrieval, viewing of scheduled work hours and accrued benefits - such as vacation, sick and personal time - and access to information from previous pay periods. ExtendTime revolutionizes the way companies manage daily time and attendance data collection. It has been successfully deployed into several vertical markets including manufacturing, banking, education, healthcare, government and retail.
Applications such as ExtendTime dramatically improve the return on investment of IP phone systems, helping drive market penetration in a VoIP market that is growing at 51% a year, according to Synergy Research. Through September 2004, Cisco reports that it has sold 3.5 million IP phones worldwide and is on track to sell at a rate of two million new units per year.
"Ingram Micro customers now have a unique add-on sales opportunity with CalAmp's ExtendTime product," said Ken Bast, vice president, vendor management, Ingram Micro U.S. "As VoIP technology continues to gain momentum, solutions like ExtendTime will help solution providers profit from business functionality unimagined even a few years ago."
Customers using the ExtendTime system report dramatic enhancements in productivity and reduction in operational costs due to the streamlining of critical business functions related to payroll data collection. In addition, customers have cited improvements in managing employee time theft, reducing human error in manual sheet calculations and lowering administrative time spent creating reports from raw data.
"ExtendTime enables our customers to leverage their investments in IP telephony by providing a flexible new cost effective method of electronically transmitting workforce time and attendance data directly and accurately to payroll, ERP or human resource systems, thus dramatically reducing clerical errors and better managing payroll costs," said Steve L'Heureux, president of CalAmp's Solutions Division. "The resulting business process improvement and enhanced payroll cost management for organizations can be significant, with some of our customers claiming a return on their investment in less than four months."
ExtendTime was developed by CalAmp and works in conjunction with NETtime®, a web-based labor-management solution developed by Time Spot, Inc. (OTCBB:TMAM - News). CalAmp is a Cisco AVVID (Architecture for Voice, Video and Integrated Data) partner and a recognized leader in communications software application development, embedded computing and enterprise mobility solutions.
Solution providers can contact their Ingram Micro sales representative for more information at 1-800-456-8000.
About Ingram Micro
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves 100 countries and is the only global IT distributor with operations in Asia. Visit www.ingrammicro.com/corp.
About CalAmp Corp.
CalAmp is a provider of wireless products, engineering services and software that enable anytime/anywhere access to critical information, data and entertainment content. With comprehensive capabilities ranging from product design and development through volume production, CalAmp delivers cost-effective high quality solutions to a broad array of customers and end markets. The Company provides wireless connectivity solutions for the direct broadcast satellite (DBS) industry, telemetry and asset tracking markets, healthcare industry, enterprise-class wireless fidelity, or Wi-Fi, networks, and digital multimedia delivery applications.
About Time Spot, Inc.
Time Spot, Inc. is a provider of web-based, client-server and desktop time and labor management solutions. The company's family of software and data collection products automate employee time and attendance tracking, the management of labor resources and payroll processing. The Deloitte Technology Fast 500 has named Time Spot tne of the top fastest growing technology companies in North America for the the last two years.
NETtime is a registered trademark of Time Spot, Inc. ExtendTime is a registered trademark of CalAmp Corp. All other names are the property of their respective owners.
Forward Looking Statements
Certain information and comments contained in this press release may be forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Factors set forth in the Company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2004, and subsequently filed form 10-QSB?s, together with other factors that appear in this press release or in the Company's other Securities and Exchange Commission filings could affect the Company's actual results and could cause the Company's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of the Company, in this press release.
For CalAmp Corp.
Rick Vitelle, (805) 987-9000
Financial Relations Board
Lasse Glassen, (310) 854-8313
Amy Cozamanis, (310) 854-8314
For Time Spot, Inc.
Corrine Kula, (480) 296-0428