SEOUL , South Korea , Dec. 12 /PRNewswire/ -- PNL Networks Co., Ltd. (PNL), the technology arm of global logistics service provider PNL Group, today announced it has contracted with Savi Networks to enable PNL to offer its customers advanced logistics services, based on wireless monitoring technology. The contract calls on Savi Networks to provide the SaviTrak(TM) information service to monitor, in real-time, container shipments filled with products such as liquid crystal display (LCD) television screens that are transported across more than two dozen tradelanes spanning the globe.
SaviTrak empowers users to more effectively manage the physical execution of their supply chains by providing actionable information in real-time. SaviTrak processes real-time data feeds from wireless monitoring technologies, on the location, security status, and environmental status of shipments.
"PNL serves the complex logistics needs of major multinational shippers in the electronics, telecommunications, automotive and consumer products industries," said JI Lee, president, PNL Networks. "In addition to providing us with a competitive edge, SaviTrak will help us to address vital security concerns by sharing better and timelier information with our customers and potentially government officials, such as Customs authorities."
"With SaviTrak, PNL and its customers can instantly access critical, decision-support information on their global shipments," said Chee Kean Lim, senior vice president, International of Savi Networks LLC. "Our relationship with PNL is strategically important given PNL's position as a leading logistics service provider in a key region for international trade."
The contract enables PNL to utilize the most appropriate wireless data capture device from the family of technologies offered by Savi Networks. SaviTrak transforms the data into actionable information that enables PNL to optimize the transport of shipments according to the needs of individual customers through specific tradelanes.
PNL Networks Co. Ltd. provides comprehensive commercial cargo visibility and security tracking services for the Korea international trade market. With six years of proven experience in managing integrated global logistics services in Korea, PNL Networks is expanding to provide real-time information and analytics services to improve cargo visibility and security management. Through a partnership with Savi Networks, PNL Networks is leveraging an existing global Radio Frequency Identification (RFID) network that is complemented with Global Positioning (GPS) systems and other wireless technologies to offer pay-per-use, real-time information visibility, security and cargo integrity information for the Korean market. Through analytics provided by the SaviTrak(TM) platform, cargo owners will improve in-transit inventory management, and greater capabilities to respond quickly to supply chain disruptions.
Savi Networks LLC provides SaviTrak(TM), an information service that is used to manage in-transit inventory in real-time. SaviTrak provides automated information and analytics, derived from wirelessly captured data on the physical location, security status, and environmental condition of inventory. The data is captured in real-time as inventory moves through a global wireless network operated by Savi Networks. Savi Networks is a joint venture between Savi Technology, Inc., a Lockheed Martin company (NYSE: LMT), and Hutchison Port Holdings. To learn more about Savi Networks, visit: http://www.savinetworks.com.
SOURCE Savi Technology - Lockheed Martin