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CargoTec and Yusen Global Logistics selects V3 Teletech transportation IT solution

SINGAPORE – 23 August 2004 – CargoTec Pte Ltd, a joint venture company of SAAA Cargo Services Pte Ltd announced today that it has awarded a contract to V3 Teletech, a homegrown specialist IT service and solutions provider, in collaboration with Yusen Global Logistics to supply and deploy an integrated transportation IT solution.

V3 Teletech develops innovative N to N logistics workflow IT platform and products which utilize the up-and-coming Geographical Information System (GIS) and Location Determination Technology which encompasses Global Positioning System (GPS); Cellular ID; Radio Frequency Infrared Detection (RFID); which aims to assist lead logistics service providers and enterprises to optimize their resources, operations and to enhance visibility plus security in conventional and cold chain cargo distribution management.

The solution, known as the Transplanner System will integrate to Yusen Global Freight System to provide an end-to-end IT collaboration between Yusen and CargoTec. 'It is an integrated system which includes planning, scheduling and an extensive collaboration between CargoTec and Yusen that improves visibility, productivity, security and value-add to the service supply chain', Mr Stanley Lee, Director of Traffic Operations CargoTec commented.

The system, integrating with Yusen's Global Freight System and ebooking system will enable a complete automated processing of its freight operations without human intervention. Yusen's client can send orders via its ERP/SAP system directly to Yusen's Global Freight System via the e-booking module, and the Transplanner System will activate the transportation module, the movement of the cargo from shipper to consignee can be monitored using the web-based Global Freight System, and the final POD information will be transmitted to client's system at the completion of the job.

The first phase will be launched in Singapore in the next few months. The success story in Singapore deployment will allow Yusen, a SAAA member, to standardize all operations and push the system to the other Yusen offices in the Asia-Pacific.

About Cargotec Pte Ltd

Cargotec Pte Ltd is a joint-venture company of SAAA Cargo Services Pte Ltd, a wholly-owned company of SAAA and Airtruck Services Pte Ltd, (itself an amalgamation of Allspeed Services Pte Ltd, Air Transport Pte Ltd and BB Express Pte Ltd a combination of more than 10 years of terminal cargo handling, trucking and logistics experience) a creation with the knowledge, skills and experience of a seasoned third-party service provider and knowledge of the aircargo industry of the SAAA.
For more information on Cargotec, their website is at: http://www.cargotecsg.com

About Yusen Air & Sea Service (S) Pte Ltd

Yusen Air & Sea Service (S) Pte Ltd (YAS) is a subsidiary of Yusen Air & Sea Service Co. Ltd, a public listed Japanese international freight forwarder. It is part of the NYK group which is the world largest ship liner operator. YAS has been established in Singapore since 1979 and has revenue of S$80 million and employs 220 staff.

For more information on YAS, their website is at: http://www.yusen.com.sg

About V3 Teletech Pte Ltd

V3 Teletech, a leading enterprise resource forecasting, optimization and performance enhancement workflow enabler, focuses in providing solutions and project consultancy for the logistics, transportation operators and enterprises.

V3 Teletech develops innovative N to N logistics workflow IT platform and products which utilize the up-and-coming Geographical Information System (GIS) and Location Determination Technology which encompasses Global Positioning System (GPS); Cellular ID; Radio Frequency Infrared Detection (RFID); which aims to assist lead logistics service providers and enterprises to optimize their resources, operations and to enhance visibility plus security in conventional and cold chain cargo distribution management.

For more information on V3 Teletech, their website is at: http://www.v3teletech.com