AUSTIN, Texas -- Xplore Technologies Corp. (OTCMarkets.com – XLRT), a manufacturer of award-winning rugged tablet PCs, today reported results for the first quarter of fiscal 2012. Revenue for the three months ended June 30, 2011 was $2,678,000 as compared to $5,078,000 for the three months ended June 30, 2010, a decrease of 47%. This decrease is attributable to the Company’s current transition to its newly-introduced product line, the iX104C5, which was introduced near the end of this first fiscal quarter.
Founded in 1996, Xplore Technologies (www.xploretech.com) is a recognized pioneer and global leader in the rugged mobile computing industry. The Company engineers, manufactures, sells and supports rugged mobile, wireless tablet computing systems, its sole focus and dedication. Their systems are used globally by some of the industry’s toughest customers, in the harshest working conditions. The Company’s products enable the extension of traditional computing systems to a range of field and on-site personnel, enabling end-users to receive, collect, analyze, manipulate and transmit information in a variety of environments not suited to traditional non-rugged computing devices. The Company’s end-users are in markets that include utility, warehousing/logistics, public safety, field service, transportation, manufacturing, route delivery, military and homeland security, among others.“This current fiscal quarter and the one that ended on June 30, 2011 represent a transition period for Xplore as the roll out of our new iX104C5 line ramps-up,” said Mark Holleran, President and Chief Operating Officer of Xplore. “Enterprise sales have significantly longer sales cycles than consumer products. Now that our new line is available, we have been seeding a number of opportunities with existing and prospective customers and expect to see our sales return to historical levels in the coming quarters. We believe that the recent decrease in sales is attributable to the market wanting to wait for the new and improved line of products, instead of purchasing our iX104C4 line, which remains available as a robust and more affordable alternative. This was in line with our expectations and we were able to minimize the negative effects of the lower sales level through strong asset management that resulted in positive cash from operations.”The style of the rug is another factor to consider and there are many to choose from: contemporary, shag, traditional, braided, southwestern, the list goes on and on. This is perhaps where your personality is allowed to shine through the most. Every style has different patterns or characteristics that make them unique. If you have a modern loft a colorful, contemporary rug may be the best fit for you. Shag, or flokati rugs, also have a very modern feel. Traditional rugs may work best in a more formal area of the house. The important part of choosing the style of rug is to find a design that you like and blends in with your existing d�cor.Colors are important for any aspect of home decoration, not just when it comes to picking an area rug. Area rugs can blend in to your existing d�cor or become a new focal point of a room. Colors can invoke emotions: reds give energy but can also create angry feelings, blue calls to mind feelings of calmness and security, green also has a calming effect and symbolizes nature, yellow is cheery, warm and grabs attention. Keep in mind if shopping online for a rug that screen resolution settings may vary causing the colors to not exactly what you see on the site. However, don't avoid shopping online, many sites have lower prices than you could find in a store and the color descriptions given are pretty spot on.Key Features and BenefitsThis news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect Xplore’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made including those factors detailed from time to time in filings made by Xplore with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Xplore does not intend and does not assume any obligation to update these forward looking statements.Powering the rugged HMI system is a high performance fanless 1.6 GHz Intel® Atom™ processor, designed for long product life cycle and reliable operation in industrial conditions. A high brightness 1000 nit sunlight readable LCD panel is standard, providing sharp crisp images in outdoor environments. Staying connected is simple with built-in 802.11b/g wireless support, CAN-bus connectivity, and optional GPS support for location and tracking. AIS’ PC-based operator interface terminal complies with the latest SAE J1939 protocols, allowing manufacturers easy deployment into field machinery, increasing productivity, and reducing time to market.
This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect Xplore’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made including those factors detailed from time to time in filings made by Xplore with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Xplore does not intend and does not assume any obligation to update these forward looking statements.
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