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Friday, June 18, 2021

Electric Vehicle EV Tracking; the Rise of Ultrack Systems Inc (OTCMKTS: MJLB)

Ultrack Systems Inc (OTCMKTS: MJLB) is making an explosive move up the charts in recent days as its global tracking solutions gain serious traction. The Company has successfully integrated its tracking solutions into EV vehicles such as the BMW i8 and all Tesla models. Dealership and leasing clients of Ultrack have increased their EV fleets inventory over the last 5 years and exclusively use our tracking platform for their BMW i8 and Tesla models. Ultrack is preparing to expand further into the EV market in 2021 by updating our platform with specific features related to the EV sector which was worth $162 billion last year and growing fast.

Microcapdaily has just published a brand new article on MJLB on 2/14/2021: https://microcapdaily.com/mjlb-ultrack-systems-major-run-on-ev-electric-vehicle-tracking-pioneer-as-company-prepares-for-eld-product-launch/130407/

MJLB also recently consummated a business partnership with TELUS one of the biggest telecoms in north America with a $25 billion market valuation trading on the NYS and Canadian TSX Exchange under the symbol T. These are very big events for a microcap stock with just 350 million shares outstanding that are rapidly being accumulated by investors.

Ultrack CEO Michael S. Marsbergen stated: “Ultrack Systems Inc. has been working in the EV market for quite some time and we believe EV is the future. Developing technology and strategic relationships will ensure that Ultrack can always have a growing footprint in this space. We are paving the way for further expansion into the EV market and are targeting to arrive in Q2 of 2021. Ultrack will feature an add-on that will track EV battery state of charge and the condition of the battery system remotely from our portal.”

Ultrack Systems Inc (OTCMKTS: MJLB) operating out of Concord, Ontario is a total fleet-management GPS tracking and monitoring solution that helps its clients locate, track and manage their assets using todays leading edge wireless and GPS based technologies. The Company’s compact trackers, and its easy to use tracking software allow it to monitor or track any asset virtually anywhere in the world. This kind of application results in improved security, productivity, and customer service that surpasses competition.

Ultrack Systems has been busy; in October the Company reported the development of its J1939 CANBUS Device will be completed by the end of the 4th quarter and ready for immediate deployment in vehicle fleets around the globe. The J1939 is developed to provide the most complete and comprehensive list of vehicle information available at the click of a mouse. The Company is not aware of any other single product that provides as much real-time data to vehicle fleet managers as the upcoming J1939.

The Ultrack J1939 CANBUS Device is being developed for transport that does not require Electronic Logging Device (ELD) but would benefit from the comprehensive engine and overall vehicle data that it provides. Our device will have the following features, 4G with external GPS antenna, built in cellular antenna, 4 inputs, 2 outputs, 2 temperature sensor inputs, camera for still images and an SOS button. Among hundreds of other data points, the J1939 logs in real time statistics such as: oil pressure, engine temperature, real-time physical location, fuel rate, engine speed at various points, vehicle speed at various points, and transmission data.

The stock took off last week after MJLB reported it has successfully integrated its tracking solutions into EV vehicles such as the BMW i8 and all Tesla models. Dealership and leasing clients of Ultrack have increased their EV fleets inventory over the last 5 years and exclusively use our tracking platform for their BMW i8 and Tesla models. Ultrack is preparing to expand further into the EV market in 2021 by updating our platform with specific features related to the EV sector.

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The global electric vehicle market was valued at $162.34 billion in 2019, and is projected to reach $802.81 billion by 2027, registering a CAGR of 22.6%. Asia-Pacific was the highest revenue contributor, accounting for $84.84 billion in 2019. North America is estimated to reach $194.20 billion by 2027, at a significant CAGR of 27.5%.

On December 16 MJLB announced TELUS recently highlighted the newly consummated business partnership between TELUS and Ultrack Systems in online publications and other print media. Investors will have access to this aforementioned source material before week’s end. TELUS currently trades under the ticker symbol TU on the New York Stock Exchange and has a market capitalization of approximately $25 billion USD as of December 2020. TELUS company stock also trades on the Canadian TSX Exchange under the symbol T.

Telus wrote of the MJLB partnership: “[Ultrack Systems] prepared a phased approach to onboard new customers while converting their existing customers seamlessly over to the TELUS network. TELUS worked closely with Ultrack, focusing on developing systems and processes that took their multiple pricing plans and billing requirements, product roadmap, and hardware and software integrations into consideration. “Since the TELUS partnership began, Ultrack has implemented a non-disruptive, phased deployment approach throughout the pandemic to its entire customer base, including all of North America and Mexico. This strategy has been beneficial within the last half of the 2020 calendar year as most of their clients are in the transportation and logistics business and are deemed essential workers. Future Expansion: With the pricing plans in place and a standardized process for new customer implementations, Ultrack has been able to focus on releasing their new hard-wired ELD device designed according to the Ministry of Transportation requirements and certified by their 3rd party certification organization. The device is the first of its kind and is available in the first quarter of 2021. The device will operate via the TELUS cellular network. It will conform to all Canadian regulations, including removing any risk of driver tampering by hard wiring the unit directly behind the vehicle’s dashboard. Files can be downloaded at any time and sent directly to the Ministry of Transportation, significantly streamlining compliance, data security, and reducing administrative processes by Ultrack’s back office team.”

Ultrack CEO Michael Marsbergen stated: “$MJLB’s relationship with TELUS has benefited The Company on multiple levels. Firstly, TELUS’ technology was the right fit for Ultrack’s suite of products and services. Ultrack’s partnership with TELUS has made everything we offer better, faster, and more affordable to our subscriber base. Secondly, TELUS has also worked hand-in-hand with our design team to understand the nature of our business and develop scalable, custom solutions that benefit both us and them and that will carry us into the future. Finally, I trust that it is obvious to our shareholder base that this kind of professional exposure and validation from a major $25 billion dollar company like TELUS lets the investing public know in no uncertain terms that $MJLB is a very real and established company that is moving forward in the most cutting-edge ways possible.

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Currently making a powerful run northbound MJLB is an exciting story developing in small caps currently making explosive gains in recent days as its global tracking solutions gain serious traction. The Company has successfully integrated its tracking solutions into EV vehicles such as the BMW i8 and all Tesla models. Dealership and leasing clients of Ultrack have increased their EV fleets inventory over the last 5 years and exclusively use our tracking platform for their BMW i8 and Tesla models. Ultrack is preparing to expand further into the EV market in 2021 by updating our platform with specific features related to the EV sector which was worth $162 billion last year and growing fast. MJLB also recently consummated a business partnership with TELUS one of the biggest telecoms in north America with a $25 billion market valuation trading on the NYS and Canadian TSX Exchange under the symbol T. These are very big events for a microcap stock with just 350 million shares outstanding that are rapidly being accumulated by investors. We will be updating on MJLB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MJLB.

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Disclosure: we hold no position in MJLB either long or short and we have not been compensated for this article.

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