CalAmp (NASDAQ: CAMP) said that the industry´s premier vehicle finance payment assurance solution, LenderOutlook, now supports the option of nationwide CDMA cellular coverage, ensuring reliable access to vehicle location and status information for improved asset management and reduced portfolio risk.
CalAmp now provides vehicle finance companies a seamless choice of either CDMA or GSM/GPRS solutions. For customers wishing to continue using a GSM/GPRS solution, CalAmp has bolstered its airtime agreements with new and existing carrier partners nationwide and will continue to offer that service for the foreseeable future. Since 2G GSM/GPRS coverage is expected to decrease over the next several years as wireless spectrum is repurposed for more efficient data network technologies, CalAmp believes its CDMA solution will become an increasingly popular alternative.
The latest CalAmp location and messaging devices, the LMU-720 and LMU-400 feature CDMA wireless data communications technology. The LMU-720 offers basic vehicle tracking capabilities, with an optional external starter-disable relay. Alternatively, the higher-tier LMU-400 features an integrated starter-disable relay, as well as an audible payment reminder feature and back-up battery capability for added tamper resistance.
CalAmp is a proven leader in providing wireless communications solutions to a broad array of vertical market applications and customers. For more information, visit www.calamp.com.