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Ultra Data Systems (fka UDTA) RSS Feed

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UDTA - Ultra Data Systems http://www.ultradatasystems.com/ The number of shares outstanding of the issuer's common stock, as of April 4, 2006, was 12,682,238 The Company is completing development of a Cellular Road Whiz application using our proprietary database. This product will provide the user access to our database via a cell phone rather through separate hardware. Users who subscribe to our service can get not only information about services along their route with directions and distance from their location but, in addition, can obtain fuel prices in real time and select their stop on that basis. We expect full-scale tests of the system to start in the second quarter of 2006. In the area of new products, the Company has recently completed a voice- activated audio navigation system called Road GenieTM which is just coming to market. The user requests data verbally, and the unit responds verbally with directions to the service requested. Because this device provides for hands- free operation, it represents a significant jump in performance over earlier products TV Commercial: Scroll down and check out ULTR's TV commercial for their new Voice Activated Road Genie product that is also available in Kohls and Wal-Mart. http://www.sensoryinc.com/html/showcase/showcase.html Competition To date, we have not faced significant competition in selling our handheld computer products. The primary reasons for the lack of competition are: * Our patented data compression technology permits the storage of unusually large volumes of information in low-cost devices. * Our database is unique, and it would be time-consuming to replicate it. * We have fourteen years of experience in developing this line of products, which gives us insight into the needs and desires of the traveling consumer. * We have a simple, low-cost design for our products, which employs a minimum of parts. * We have developed low-cost, but high quality manufacturing sources. * The devices that perform functions similar to those performed by our handheld products are considerably more expensive, and often lack the data quality of our products. These several factors have, thus far, served as a barrier to any effective competition with our handheld products. In 2005, we developed a digital voice recorder feature as a stand-alone product which can be added to the Road Genie as an augmentation downstream. Further, we have been developing a cell-phone application that would make our software and database available to a cell-phone user who opts to subscribe to this service thought his service provider. We see this channel as a new opportunity for revenue from our patents. Thus, three different paths to enhance profitability will be advanced in 2006: the voice-activated Road Genie(tm) as part of the Road Whiz family of products, a digital voice recorder for use in the automobile, and the cell-phone Road Whiz application, which is solely software to run on a cell phone and on a server accessible through the phone. Links to company patents: http://patft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FP.... http://patft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FP.... http://patft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FP.... http://patft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FP.... Background of Directors and Executive Officers: Monte Ross founded the Company in 1986 and has served as its Chief Executive Officer and Chairman since inception. He also served as President until April 2001. For over 20 years prior to founding the Company, Mr. Ross was employed by McDonnell Douglas Corporation (now Boeing) in a variety of positions. When he left McDonnell Douglas, Mr. Ross was Director of Laser Systems, responsible for the group of approximately 400 employees, which developed the first space laser communication system and first space laser radar. Mr. Ross is a Fellow of the Institute of Electrical and Electronic Engineers and the past President of the International Laser Communication Society. Mr. Ross was awarded a Master of Science degree in Electrical Engineering by Northwestern University in 1962. He is the father-in-law of Mark L. Peterson, the Company's Vice President-Engineering. Ernest Clarke has been a Director of the Company since it was founded in 1986. From August 1990 to June 1999 he served as Vice President - Government Programs. He then served as Company's Vice President - Controller from June of 1999 until April 2001. He was elevated to President in April 2001. For over 20 years prior to joining Ultradata, Mr. Clarke was employed by McDonnell Douglas Corporation (now Boeing) in a variety of positions. When he left McDonnell Douglas, Mr. Clarke was its Laser Product Development Manager with responsibility to supervise over 40 engineers. Mr. Clarke was awarded a Master of Science degree in Electrical Engineering by Stanford University in 1966. Mark L. Peterson has been a Director of the Company since it was founded in 1986. He has served as the Company's Vice President of Engineering since 1988. He is responsible for the design of the Company's hand-held products. During the four years prior to joining the Company, Mr. Peterson was employed by McDonnell Douglas Corporation as an electronics engineer for fiber optic products and satellite laser cross- link programs. Mr. Peterson was awarded a Master of Science degree in Electrical Engineering by Washington University in 1980. He is the son-in- law of Monte Ross. Donald Rattner joined the Company in 1999 to serve as a member of the Board of Directors. Mr. Rattner is a member/partner in BrookWeiner, LLC, a Chicago-based accounting firm, and a member of the American Institute of Certified Public Accountants and the Illinois CPA Society. He has served on the boards of several corporations. Matthew Klapman joined the Company in 2002 to serve as a member of the Board of Directors. Mr. Klapman is the CEO of Future Vision Technologies, Inc., which he co-founded in 1990. He has maintained a strong career in technological innovation, business strategy, negotiation, and team management. He has invented and developed a myriad of products in the video, 3-D graphics, and communication fields. As a Director at Motorola, he developed the computer graphics and marketing strategy for its corporate strategy office and broadband wireless communications sector. In addition, as Director of Research and Development for Motorola's Personal Communications Sector, he spearheaded the creation of the new user interface platform that is the basis for all of Motorola's cellular phones. He has developed products and designs that have earned several industry awards. He received a B.S. in Computer Engineering and a J.D. from the University of Illinois at Urbana. He holds 4 issued and 7 pending patents. Q4 sales showing turnaround The 10K filed April 7, just gives year results, if you do a breakdown of the quarters though from the previous 3 10Q's, you can see that sales in Q4 of 2005 were more than the previous 3 quarters combined. Quite a turnaround there! Sales were $446k in Q4 alone vs. $335k in the first 9 months of 2005. With their new products rolling out this quarter, the potential is endless imo.
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