TrakLok Corporation's technology secures cargo while increasing efficiency

( April 18, 2009 ) Knoxville TN - TrakLok Corporation-The two main threats to cargo security are theft and smuggling. Cargoes of all types are targeted for theft. Food, consumer electronics, light bulbs, cigarettes, clothing, pharmaceuticals, construction materials, cars and auto parts, precursor chemicals for drug production, the list goes on and on. The FBI estimates that cargo theft cost anywhere from $15 to $30 billion and the average freight on a trailer was worth anywhere from $12,000 to $3 million. The total worldwide theft of cargo approaches $50 billion according to Freightwatch International Group. In addition, the American Association of Port Authorities estimated that there are $60 billion of in-direct costs that are associated with cargo theft. The TrakLok Corporation has developed and is deploying the GeoLok TM , a device that quickly and easily provides for physical security for cargoes, while giving the client global asset visibility.

And what's being smuggled in cargoes? Many of the goods stolen from cargo containers and trailers are then smuggled out of the country. Also, illegal drugs are often smuggled into the country concealed within imported cargoes. Terrorist operatives have also attempted to smuggle themselves in cargo containers. And then the unimaginable, a WMD smuggled into the country disguised as legitimate cargo and detonated. No one can predict the cost of a WMD attack but it would certainly cost the global economy trillions of dollars. By employing TrakLok's patented technology in a multi-layered security approach, cargoes can be better protected against smuggling than ever before.

In addition to providing better physical security than any other tracking solution on the market, data generated by the GeoLoK TM will be accessible through TrakLog TM. This information can be used in Transportation Management Systems to increase efficiency in shipping and supply chains. The GeoLok TM provides information on idle containers that can put into use, if a shipment is ahead or behind schedule, if a driver has deviated from course or if a shipment needs to be triaged and unloaded quickly. It also can give information on the condition of the shipment itself by communicating with sensors that detect temperature, humidity, light, even spoilage.

TrakLok Corporation, which owns the intellectual property for the GeoLok TM container locking solution, has integrated several wireless technologies to track containers globally, and has developed its own web accessible information-technology based global tracking system. The information provided by the GeoLok TM is accessible through TrakLog TM where users can obtain the location and condition information of a given container from any computer or web enabled device. TrakLog TM alleviates in a holistic fashion problems for companies managing containers in the supply chain including:

• Asset visibility. Where is my leased or owned container now?
• Condition monitoring. How is my container now?
• Security/stop loss. Has my container been tampered with?
• Asset utilization. When can I return my container to duty?
• Predictive maintenance of assets. When is my next required maintenance?

The unique innovation of the TrakLok system will initiate a paradigm shift in how intermodal shipping containers are tracked, monitored, utilized and secured. For more information contact:

Eric Dobson, Ph.D. CEO and Director

2450 E.J. Chapman Drive

Knoxville , TN 37996

(865) 332-1813

“Cargo theft's high cost: Thieves stealing billions annually.” Federal Bureau of Investigation. July 21, 2006 .

http://www.fbi.gov/page2/july06/cargo_theft072106.htm

“Mitigating Transit Theft.” Chubb Group of Insurance Companies. Whitehouse Station , NJ . 2008.