Concurrently Announces Name Change, Signaling Completion of Rush Tracking Systems/Sky-Trax Merger
NEW CASTLE, Del. – October 5, 2011 – TotalTrax, Inc. (TotalTrax or Company) today announced it has acquired the equipment monitoring product line of ShockWatch, Inc., a global leader in developing and manufacturing damage prevention products and is a wholly owned subsidiary of Media Recovery, Inc.
Rush Tracking Systems and Sky-Trax, Inc. announce they have merged to form a vertically integrated provider of smart truck tracking solutions. Private equity firm Pharos Capital Group, LLC (Pharos) committed additional capital to the combined company to accelerate growth and increase penetration into international markets.
(See http://rfid.net/rfid-for-lift-truck-fork-lift-or-mhe-mounted for full article)
Rush Tracking Systems didn't simply build an RFID reader that goes on the front of a lift-truck. They designed a complete solution that revolutionizes industrial operations by making it possible to perform lift-truck move operations without any human intervention.
Rush Tracking Systems Honored with “Best in Class Award: RFID Fork-Truck, Lift-Truck or Material Handling Equipment” by RFID Network