CalAmp of Oxnard secures 2 million contract to automate trains
Aug 02, 2012 (Menafn - Ventura County Star - McClatchy-Tribune Information Services via COMTEX) --Shareholders of CalAmp Corp., the wireless communications products developer in Oxnard, have renewed terms for its board of directors at its annual meeting.
The company also secured a 2.2 million contract to install mobile radios and base stations for a Western Australia automated railway.
At the meeting Tuesday, shareholders voted to re-elect its seven directors to one-year terms, CalAmp said.
Shareholders also approved the action of voting on executive compensation and of holding the vote annually. They additionally agreed to increase authorized common stock to 80 million shares from 40 million and to keep SingerLewak as the auditing firm.
In other news, the company said it secured a more than 2.2 million subcontract with Ansaldo STS to provide equipment for a new automated train operation system in Western Australia.
CalAmp will supply and install 56 base stations and about 180 mobile data radios mostly on locomotives that haul iron ore from remote locations.
The mobile data communications system is part of mining company Rio Tinto Iron Ore's AutoHaul Project and will be installed across its 1,500-kilometer private rail system.
The system will reduce demand for locomotive drivers and enable Rio Tinto to increase the iron ore it ships. CalAmp will also provide ongoing support services.
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