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Sunday, August 1, 2021

MJLB (Ultrack Systems) Major Run on EV (electric vehicle) Tracking Pioneer As Company Prepares for ELD Product Launch

MJLB (Ultrack Systems) is on a wild run up the charts in recent months skyrocketing out of the triple zeros to recent highs of $0.26 per share. The stock has been under heavy accumulation recently and volume has picked up substantially with MJLB regularly trading over US $1 million in dollar volume per day. MJLB started moving last year, moving up off the triple zeroes and moving northbound as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And compared to TSNP, MJLB is truly a shining light of a Company with a real business and multi-national global corporations as customers.  

The time could not be better for MJLB to make a real powerhouse move to a whole new dimension like so many other penny stocks are these days especially in the EV space. We have been reporting on ABML huge rise. These are exciting times for Ultrack Systems, an early pioneer in the EV space currently readying the launch of its new ELD product in 2021 in partnership with major corporations that management expects will take the trucking industry by storm. As we reported earlier on MJLB when the stock was sub $0.02 the Company already has a number of big-name clients; MJLB 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 MJLB tracking platform for their BMW i8 and Tesla models. MJLB also 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. More recently MJLB inked two new deals for Ultrack’s products and services to be used by two high-end car rental companies. These car rental companies represent brand new clients for Ultrack and immediately helps the Company to achieve deeper penetration into the enormous car rental/leasing space. MJLB has been working hard behind the scenes recently securing a debt reduction of $105,150.00 representing approximately 65% removal of the entirety of this debt from off Company books for Q1, 2021. As of the last Q MJLB has just $171k in total liabilities an incredibly low number. The Company has also recently successfully completed the process of retiring 100,000,000 shares that are currently issued and considered “outstanding” with its corporate share structure. After completing this substantial reduction, the new current Outstanding Share total is approximately 275m. Management states it will continue to look at options as the year progresses including possibly reducing more outstanding shares or whether a share buyback and or dividend makes more sense. 

MJLB (Ultrack Systems) operating out of Concord, and Vaughan, Ontario Canada is a publicly traded company listed on the OTC bulletin boards. Ultrack Systems Inc., is a provider of GPS tracking solutions that develops, implements, and distributes electronic monitoring and tracking systems for companies in leasing, transportation, construction, disposal, and many other service driven industries. The Company’s platform; Utrack includes live tracking, reports, and alerts on a web-based platform. Ultrack Systems mission is to provide the best fleet tracking, reporting systems and its commitment to service. The Company plans to launch a new ELD product in 2021 in partnership with major corporations that will take the trucking industry by storm. 

MIcrocapdaily reported on MJLB on December 8 when the stock was sub $0.02 stating: “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 MJLB tracking platform for their BMW i8 and Tesla models. Ultrack is preparing to expand further into the EV market in 2021 by updating its 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. 

TELUS has been a really happy customer of MJLB recently commenting on the partnership: “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.

MJLB has is almost debt free and management seems committed to increasing shareholder value. Recently the Company reached a decisive and favorable settlement with its key funder for a substantial debt reduction of $105,150.00 representing approximately 65% removal of the entirety of this debt from off Company books for Q1, 2021. As of the last Q MJLB has just $171k in total liabilities an incredibly low number on the bulletin boards where most companies have millions in debt and many haver over $10 million in debt. 

Earlier this month Ultrack Systems reported it has successfully completed the process of retiring 100,000,000 shares that are currently issued and considered “outstanding” with its corporate share structure. After completing this substantial reduction, the new current Outstanding Share total is approximately 275m. The 100,000,000 common share reductions are in keeping with management’s commitment to shareholders to growing this Company and adding value wherever possible. Management states it will continue to look at options as the year progresses including possibly reducing more outstanding shares or whether a share buyback and or dividend makes more sense. 

In our previous report on MJLB we outlined the Company’s development of its J1939 CANBUS Device. 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 was 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. 

We also covered the newly consummated business partnership between TELUS and Ultrack Systems. 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 has been working 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.  

Investor sentiment for MJLB is very high:

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There seems to have been some shorting primarily by Citi is using GTSM and CDEL. This seems like a dumb course indeed considering MJLB’s global clients such as TELUS, BMW and Tesla as well as the coming launch of the Company’s new ELD product this could rapidly turn into a massive short covering rally. 

MJLB has been making big moves; in January the Company reported it has entered into contractual agreement with both Kore Wireless and Iridium Satellite in a strategic effort to expand Ultrack services worldwide. Ultrack renegotiated an existing Kore Wireless contract that further opens up Ultrack’s coverage to an additional 180 countries worldwide. Leveraging the power of in-vehicle video analytics, Electronic Logging Device (ELD) functionality, and location-based services in order to deliver deep insights to fleet managers.  

 

Iridium Satellite (NASDAQ: IRDM) is the world’s only truly global mobile satellite communications company. With a reliable global network, Iridium powers new and innovative opportunities through industry-leading core technology and an ecosystem of partners with expertise in virtually every market. Iridium valued at over $5 billion did $560 million in revenues last year. Iridium Satellite targets areas in which cellular service is limited or non-existent but where the need for corporate connectivity is still essential allowing Ultrack products and services to be effectively used in areas with very remote coverage zones worldwide such as isolated oil pipelines and throughout major ocean ways. 

On February 11 MJLB announced the Company has secured two new contracts for Ultrack’s products and services to be used in two fleets of high-end car rental companies. Additionally, the Company is now in the final phase before the official launch of Ultrack’s new ELD product and substantial hurdles have been cleared successfully. In early February, the Company inked two new deals for Ultrack’s products and services to be used by two high-end car rental companies. These car rental companies represent brand new clients for Ultrack and immediately helps the Company to achieve deeper penetration into the car rental/leasing niche, which happens to be vast.  

The global car rental market size was valued at $92.92 billion in 2019 and is projected to reach $214.04 billion by 2027, registering a CAGR of 10.7% from 2020 to 2027. North America accounted for the highest share in the global car rental market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the forecast period. 

Recently management reported the Company has begun the testing phase of the Company’s new ELD product and anticipates certification by March. This new ELD product integrally partners with TELUS $TU and Iridium Satellite $IRDM. These partnerships provide potential for exponential growth once the new ELD device becomes officially available for our current customer base as well as new clientele. 

The ELD is rapidly becoming a required component across international jurisdictions as countries like the USA and Canada have begun to mandate that commercial fleets be outfitted with the devices to electronically log driving hours, engine data and other compliance specifications. The ELD market is booming accordingly and the Company is strategically positioned to take advantage of this rapidly expanding market with top-of-the-line components and the industry’s most robust software. Any US carrier entering Canada will need to be using certified hardware and the hardware they are currently using will need to be certified by the 3rd party certification company for Canadian roadways. Which will put Ultrack in a very good position for US market sales. 

Ultrack Systems recently stated they are in talks with two entities (one company and one government) that represent massive fleets of vehicles keenly interested in Ultrack’s new ELD product. These companies have provided a positive verbal commitment to come online with Ultrack’s new ELD once the ELD approval process is completed. 

MJLB is an early pioneer in the EV market valued at $162.34 billion in 2019, and 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%. 

Ultrack CEO Michael Marsbergen enthusiastically commented: “Ultrack’s new ELD product will be submitted at the end of February for the approval process by regulators and once approved, our new ELD product will be an industry disruptor. Our device is faster, longer ranged, has more robust infrastructure, more security, and ultimately provides far more comprehensive real-time and logged data to the end-user than anything currently available. Reaching the finish line on our new ELD device will catapult Ultrack into a new tier of revenue and industry recognition. I feel like the past 14 years of business is leading up to this point: all of our technology that we’ve built upon, all of the strong industry relationships we’ve grown, all of our strategic partnerships with multi-billion-dollar corporations like Telus and Iridium Communications. I believe that Ultrack’s new ELD is going to become the new trucking industry standard at some point in 2021-2022.” 

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MJLB is on a wild run up the charts in recent months skyrocketing out of the triple zeros to recent highs of $0.26 per share. The stock has been under heavy accumulation recently and volume has picked up substantially with MJLB regularly trading over US $1 million in dollar volume per day. MJLB started moving last year, moving up off the triple zeroes and moving northbound as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And compared to TSNP, MJLB is truly a shining light of a Company with a real business and multi-national global corporations as customers. The time could not be better for MJLB to make a real powerhouse move to a whole new dimension like so many other penny stocks are these days especially in the EV sector stocks such as ABML. These are exciting times for Ultrack Systems, an early pioneer in the EV space currently readying the launch of its new ELD product in 2021 in partnership with major corporations that management expects will take the trucking industry by storm. As we reported earlier on MJLB when the stock was sub $0.02 the Company already has a number of big-name clients; MJLB 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 MJLB tracking platform for their BMW i8 and Tesla models. MJLB also 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. More recently MJLB inked two new deals for Ultrack’s products and services to be used by two high-end car rental companies. These car rental companies represent brand new clients for Ultrack and immediately helps the Company to achieve deeper penetration into the enormous car rental/leasing space. MJLB has been working hard behind the scenes recently securing a debt reduction of $105,150.00 representing approximately 65% removal of the entirety of this debt from off Company books for Q1, 2021. As of the last Q MJLB has just $171k in total liabilities an incredibly low number. The Company has also recently successfully completed the process of retiring 100,000,000 shares that are currently issued and considered “outstanding” with its corporate share structure. After completing this substantial reduction, the new current Outstanding Share total is just 275m. Management states it will continue to look at options as the year progresses including possibly reducing more outstanding shares or whether a share buyback and or dividend makes more sense. 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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