CARLSBAD, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- OEM Off-Highway, the nationally recognized magazine serving product development teams for mobile OEMs globally, has selected the HMU-3640LB Industrial IoT Gateway as one of the favored new mobile on- and off-road equipment products of 2024. The 2024 Top New Products represent the top new product introductions that exhibit innovation, quality, efficiency, and productivity in the mobile on- and off-road equipment manufacturing space. The awarded products ar ...

CARLSBAD, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- CalAmp Corp. ("CalAmp"), a telematics company that provides products and solutions that help organizations monitor, track and protect vital assets, is pleased to announce the appointment of Thomas Ayers as General Manager of its Edge Device business. In this role, Ayers will spearhead the growth and innovation of CalAmp's edge device portfolio, leveraging his extensive expertise in hardware development and leading-edge technology. Ayers brings to CalAmp de ...

CARLSBAD, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- CalAmp, a global leader in telematics solutions, is excited to announce the launch of the new Inventory Manager feature. This feature is designed to reduce operational friction and streamline the device onboarding process by providing enhanced visibility and oversight of shipped products. The Inventory Manager offers comprehensive oversight of all ordered products, simplifying the provisioning process before devices are even turned on. This enhancement ens ...

CalAmp successfully completed restructuring in less than 60 days Emerges as private company with enhanced liquidity to invest in innovation to support customers' evolving needs CARLSBAD, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- CalAmp, Inc. ("CalAmp"), a telematics company that provides products and solutions that help organizations monitor, track and protect vital assets, is pleased to announce that it is now a private company owned by Lynrock Lake Master Fund LP ("Lynrock Lake" or "Lynrock"), a fund mana ...

IRVINE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- CalAmp, a telematics company that provides products and solutions that help organizations monitor, track and protect vital assets, today announced the appointment of Paul Washicko as the new Senior Vice President of Product Management. In his role, Washicko will lead an accomplished team across the company's telematics portfolio of hardware and software solutions, driving innovation and growth. Washicko is no stranger to CalAmp, having previously led the com ...

IRVINE, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- CalAmp, a connected intelligence company helping people and organizations improve operational performance with a data-driven solutions ecosystem, today announced the general availability of the HMU3640LB, an advanced industrial gateway designed to enhance operational efficiency, security, and maintenance for software solutions providers and developers working with industrial and off-highway equipment. This new edge computing gateway serves industries such as ...

CAMP currently operates seven locations with rotating experiences in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York, and Washington, D.C. The Boston location, at Simon's Burlington Mall, opened in 2022 and has created memories for thousands of families across the Boston market. The Burlington Mall CAMP location also recently announced that the immersive adventure Bluey x CAMP, a collaboration with BBC Studios, will be unveiled behind CAMP's signature magic door next month. Tickets to the experience ...

VANCOUVER, British Columbia and TORONTO, June 03, 2024 (GLOBE NEWSWIRE) -- Canadian GoldCamps Corp. ("Canadian GoldCamps", or the "Company") (CSE: CAMP) (FSE: A68) (OTC: SMATF) announces that further to the news release dated February 26, 2024, it has entered into a definitive agreement dated May 29, 2024 (the "Agreement") with F3 Uranium Corp's wholly-owned subsidiary, F4 Uranium Corp. ("F4") to earn up to a 70% interest in and to F4's Murphy Lake Property (the "Property") in the Athabasca Basin, Saskatche ...

In a strategic move that strengthens its financial position, CalAmp intends to exchange the approximately $229 million of Convertible Senior Secured Notes held by Lynrock into equity interests in the reorganized company. During the financial restructuring, CalAmp's U.S. and international operations will continue without disruption, and partners will be paid in the ordinary course of business. To most efficiently complete the go-private transaction, CalAmp has voluntarily initiated proceedings under Chapter ...

Core Viewpoint - CalAmp has entered into a Restructuring Support Agreement with Lynrock, which will lead to Lynrock becoming the principal equity owner and taking CalAmp private [1][2][3] Group 1: Financial Restructuring - CalAmp plans to exchange approximately $229 million of Convertible Senior Secured Notes held by Lynrock into equity interests in the reorganized company [2] - The company has voluntarily initiated Chapter 11 proceedings to efficiently complete the go-private transaction, with strong support from Lynrock [3] - The restructuring plan aims to eliminate interest on debt and reduce overhead costs associated with being a public company, allowing for increased investment in customer support [4] Group 2: Operational Continuity - Throughout the financial restructuring process, CalAmp's U.S. and international operations will continue without disruption, ensuring that partners are paid in the ordinary course of business [2][3] - The company is committed to emerging from the restructuring with a healthy balance sheet and strong cash flow generation [4] Group 3: Company Overview - CalAmp is a connected intelligence company that provides data-driven solutions to improve operational performance for organizations worldwide [1][5] - The company has over 10 million active edge devices and holds more than 275 approved or pending patents, positioning itself as a leader in telematics [5]