| Delaware                                 |   | 95-3647070          |
|------------------------------------------|--------|---------------------|
| (State or other jurisdiction of          |   | (I.R.S. Employer    |
| incorporation or organization)           |   | Identification No.) |
|                                     |   |                |
| 1401 N. Rice Avenue                      |   | 93030               |
| Oxnard, California                       |   | (Zip Code)          |
| (Address of principal executive offices) |   |                |

| SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: |
|-------------------------------------------------------------|
| TITLE OF EACH CLASS                                         |   | NAME OF EACH EXCHANGE |
| None                                                        |   | None |

| SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:                                          |
|------------------------------------------------------------------------------------------------------|
|        $.01 par value Common Stock       |   | Nasdaq Global Select Market |
| (Title of Class)                                                                                     |   |        (Name of each exchange on which registered)       |

| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. (Check one): |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Large accelerated filer [  ]                                                                                                                                       | Accelerated filer [  ] | Non-accelerated filer [  ] | Smaller Reporting Company [X] |
|                                                                                                                                                                    |   | (Do not check if a smaller reporting company) |   |

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- Optimizing and automating electricity distribution and ancillary utility functions;  
- Facilitating communication and coordination among emergency first-responders;  
- Increasing productivity and optimizing activities of mobile workforces;  
- Improving management control over valuable remote and mobile assets; and  
- Enabling novel applications in a wirelessly connected world. 

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|       |     |       |      |       | Year Ended February 28, |
|--------------------------------|----------|--------------------------------|-----------|--------------------------------|-------------------------|
|                           | Customer |                           | Segment   |                           | 2011                    |       | 2010 |       | 2009 |
|                           | EchoStar |                           | Satellite |                           | 31.0                    | % |   | 48.6 | % |   | 15.7 | % |
|                           | DirecTV  |                           | Satellite |                           | -                       |   |   | - |   |   | 10.3 | % |

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| NAME            |   |       | AGE    |                                                 | POSITION |
|-----------------|--------|--------------------------------|--------|--------------------------------------------------------------------------|----------|
| Richard Gold    |   | 56                             |   | Director and Chief Executive Officer                                     |
| Michael Burdiek |   | 51                             |   | President and Chief Operating Officer                                    |
| Garo Sarkissian |   | 44                             |   | Vice President, Corporate Development                                    |
| Richard Vitelle |   | 57                             |   | Vice President, Finance, Chief Financial Officer and Corporate Secretary |

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- the timing and amount of, or cancellation or rescheduling of, orders for our products;   
- our ability to develop, introduce, ship and support new products and product enhancements and manage product transitions;   
- announcements, new product introductions and reductions in the price of products offered by our competitors;  
- our ability to achieve cost reductions;  
- our ability to obtain sufficient supplies of sole or limited source components for our products;  
- our ability to achieve and maintain production volumes and quality levels for our products;   
- our ability to maintain the volume of products sold and the mix of distribution channels through which they are sold;   
- the loss of any one of our major customers or a significant reduction in orders from those customers;  
- increased competition, particularly from larger, better capitalized competitors;  
- fluctuations in demand for our products and services; and  
- telecommunications and wireless market conditions specifically and economic conditions generally. 

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- refinance or restructure all or a portion of our indebtedness;  
- obtain additional financing in the debt or equity markets;  
- sell selected assets or businesses;  
- reduce or delay planned capital expenditures; or  
- reduce or delay planned operating expenditures. 

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- actual or anticipated fluctuations in revenues or operating results;  
- failure to meet securities analysts’ or investors’ expectations of performance;  
- changes in key management personnel;  
- announcements of technological innovations or new products by CalAmp or its competitors;  
- developments in or disputes regarding patents and proprietary rights;  
- proposed and completed acquisitions by us or our competitors;  
- the mix of products and services sold;  
- the timing, placement and fulfillment of significant orders;  
- product and service pricing and discounts;  
- acts of war or terrorism; and  
- general economic conditions. 

- substantial volatility in quarterly revenues and earnings due to our current dependence on a small number of major customers ;   
- comments by securities analysts; and  
- our failure to meet market expectations. 

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|                     |       | Square  |       |                                                                |
|--------------------------|--------------------------------|---------|--------------------------------|---------------------------------------------------------------------|
| Location                 |                           | Footage |                           | Use                                                                 |
| Oxnard, California       |                           | 98,000  |                           | Corporate office, Satellite segment offices and manufacturing plant |
|                     |                           |    |                           |                                                                |
| Carlsbad, California     |                           | 11,000  |                           | Wireless DataCom offices                                            |
|                     |                           |    |                           |                                                                |
| Irvine, California       |                           | 7,000   |                           | Wireless DataCom offices                                            |
|                     |                           |    |                           |                                                                |
| Atlanta, Georgia         |                           | 6,000   |                           | Wireless DataCom offices                                            |
|                     |                           |    |                           |                                                                |
| Chaska, Minnesota        |                           | 4,000   |                           | Product design facility                                             |
|                     |                           |    |                           |                                                                |
| Waseca, Minnesota        |                           | 34,000  |                           | Wireless DataCom offices and manufacturing plant                    |
|                     |                           |    |                           |                                                                |
| Montreal, Quebec, Canada |                           | 8,000   |                           | Wireless DataCom offices                                            |

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| ITEM 5.  | MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES |
|---------------|--------------------------------------------------------------------------------------------------------------|

|                                             | LOW    |       | HIGH   |
|--------------------------------------------------|--------|--------------------------------|--------|
| Fiscal Year Ended February 28, 2011              |   |                           |   |   |   |
|        1st Quarter | $      |      1.96  |   | $ |      3.60 |
|        2nd Quarter |   | 2.00                           |   |   | 2.68 |
|        3rd Quarter |   | 2.34                           |   |   | 3.00 |
|        4th Quarter |   | 2.46                           |   |   | 3.39 |
|                                             |
| Fiscal Year Ended February 28, 2010              |   |                           |   |   |   |
|        1st Quarter | $      | 0.37                           |   | $ | 1.22 |
|        2nd Quarter |   | 0.71                           |   |   | 2.27 |
|        3rd Quarter |   | 1.91                           |   |   | 3.61 |
|        4th Quarter |   | 2.46                           |   |   | 3.77 |

----

|                                                                                                    | Year Ended February 28,                 |
|---------------------------------------------------------------------------------------------------------|-----------------------------------------|
|                                                                                                    | 2011                                    |   | 2010 |   | 2009 |   | 2008 |   | 2007 |
|                                                                                                    | (In thousands except per share amounts) |
| OPERATING DATA                                                                                          |                                    |   |   |       |   |   |   |       |   |   |   |       |   |   |   |       |   |   |   |
| Revenues                                                                                                | $                                       | 114,333 |   |   | $ | 112,113 |   |   | $ |      98,370 |   |   | $ |      140,907 |   |   | $ |      211,714 |   |
| Cost of revenues                                                                                        |                                    | 84,775 |   |   |   | 89,723 |   |   |   | 60,244 |   |   |   | 122,412 |   |   |   | 166,279 |   |
| Gross profit                                                                                            |                                    | 29,558 |   |   |   | 22,390 |   |   |   | 38,126 |   |   |   | 18,495 |   |   |   | 45,435 |   |
| Operating expenses:                                                                                     |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Research and development                                           |                                    | 11,125 |   |   |   | 10,943 |   |   |   | 12,899 |   |   |   | 15,710 |   |   |   | 12,989 |   |
|        Selling                                                            |                                    | 10,503 |   |   |   | 9,542 |   |   |   | 8,959 |   |   |   | 10,633 |   |   |   | 6,765 |   |
|        General and administrative                                         |                                    | 8,858 |   |   |   | 10,523 |   |   |   | 12,087 |   |   |   | 14,966 |   |   |   | 9,792 |   |
|        Intangible asset amortization                                      |                                    | 1,132 |   |   |   | 1,367 |   |   |   | 4,429 |   |   |   | 6,418 |   |   |   | 3,463 |   |
|        Write-off of acquired in-process                                   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|               research and development |                                    | - |   |   |   | - |   |   |   | - |   |   |   | 310 |   |   |   | 6,850 |   |
|        Impairment loss                                                    |                                    | - |   |   |   | - |   |   |   | 44,736 |   |   |   | 71,276 |   |   |   | - |   |
| Total operating expenses                                                                                |                                    | 31,618 |   |   |   | 32,375 |   |   |   | 83,110 |   |   |   | 119,313 |   |   |   | 39,859 |   |
| Operating income (loss)                                                                                 |                                    | (2,060 | ) |   |   | (9,985 | ) |   |   | (44,984 | ) |   |   | (100,818 | ) |   |   | 5,576 |   |
| Non-operating income (expense), net                                                                     |                                    | (1,395 | ) |   |   | (2,240 | ) |   |   | (911 | ) |   |   | (2,472 | ) |   |   | 591 |   |
| Income (loss) from continuing operations                                                                |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        before income taxes                                                |                                    | (3,455 | ) |   |   | (12,225 | ) |   |   | (45,895 | ) |   |   | (103,290 | ) |   |   | 6,167 |   |
| Income tax benefit (provision)                                                                          |                                    | 172 |   |   |   | 1,374 |   |   |   | (3,770 | ) |   |   | 20,940 |   |   |   | (4,716 | ) |
| Income (loss) from continuing operations                                                                |                                    | (3,283 | ) |   |   | (10,851 | ) |   |   | (49,665 | ) |   |   | (82,350 | ) |   |   | 1,451 |   |
| Loss from discontinued operations,                                                                      |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        net of tax                                                         |                                    | - |   |   |   | - |   |   |   | - |   |   |   | (597 | ) |   |   | (32,639 | ) |
| Loss on sale of discontinued operations,                                                                |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        net of tax                                                         |                                    | - |   |   |   | - |   |   |   | - |   |   |   | (1,202 | ) |   |   | - |   |
| Net loss                                                                                                | $                                       |      (3,283 | ) |   | $ |      (10,851 | ) |   | $ | (49,665 | ) |   | $ | (84,149 | ) |   | $ | (31,188 | ) |
|                                                                                                    |
| Basic earnings (loss) per share from:                                                                   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Continuing operations                                              | $                                       | (0.12 | ) |   | $ | (0.43 | ) |   | $ | (2.01 | ) |   | $ | (3.45 | ) |   | $ | 0.06 |   |
|        Discontinued operations                                            |                                    | - |   |   |   | - |   |   |   | - |   |   |   | (0.08 | ) |   |   | (1.40 | ) |
| Total basic loss per share                                                                              | $                                       | (0.12 | ) |   | $ | (0.43 | ) |   | $ | (2.01 | ) |   | $ | (3.53 | ) |   | $ | (1.34 | ) |
|                                                                                                    |
| Diluted earnings (loss) per share from:                                                                 |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Continuing operations                                              | $                                       | (0.12 | ) |   | $ | (0.43 | ) |   | $ | (2.01 | ) |   | $ | (3.45 | ) |   | $ | 0.06 |   |
|        Discontinued operations                                            |                                    | - |   |   |   | - |   |   |   | - |   |   |   | (0.08 | ) |   |   | (1.40 | ) |
| Total diluted loss per share                                                                            | $                                       | (0.12 | ) |   | $ | (0.43 | ) |   | $ | (2.01 | ) |   | $ | (3.53 | ) |   | $ | (1.34 | ) |
|                                                                                                    |

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|                 | February 28,   |
|----------------------|----------------|
|                 | 2011           |   | 2010 |   | 2009 |   | 2008 |   | 2007 |
|                 | (In thousands) |
| BALANCE SHEET DATA   |           |   |       |   |   |       |   |   |   |       |   |   |       |   |   |
| Current assets       | $              | 38,103 |   | $ | 37,490 |   | $ | 44,175 |   |   | $ | 66,767 |   | $ |      113,524 |
| Current liabilities  | $              | 32,869 |   | $ | 33,095 |   | $ | 45,458 |   |   | $ | 40,059 |   | $ | 38,637 |
| Working capital      | $              | 5,234 |   | $ | 4,395 |   | $ | (1,283 | ) |   | $ | 26,708 |   | $ | 74,887 |
| Current ratio        |           | 1.2 |   |   | 1.1 |   |   | 1.0 |   |   |   | 1.7 |   |   | 2.9 |
| Total assets         | $              |      55,485 |   | $ |      56,953 |   | $ |      69,647 |   |   | $ |      143,041 |   | $ | 229,703 |
| Long-term debt       | $              | 4,460 |   | $ | 4,170 |   | $ | - |   |   | $ | 27,187 |   | $ | 31,314 |
| Stockholders' equity | $              | 17,602 |   | $ | 19,199 |   | $ | 23,199 |   |   | $ | 73,420 |   | $ | 151,251 |

    - In fiscal 2009, the Company recorded a Satellite segment impairment charge of $2.3 million, a Wireless DataCom segment impairment charge of $41.3 million and an investment impairment charge of $1.1 million.   
    - In fiscal 2009, the Company received $9 million in a legal settlement with Rogers Corporation, a supplier of laminate materials that are part of the Company's DBS products. This was recorded as a reduction of Satellite cost of revenues.   
    - In fiscal 2008, the Company recorded a $17.9 million charge for estimated expenses to resolve a product performance issue involving a key DBS customer.   
    - In fiscal 2008, the Company recorded a Satellite goodwill impairment charge of $44.4 million and a Wireless DataCom goodwill impairment charge of $26.9 million.   
    - In fiscal 2007, the Company acquired Dataradio Inc. and the TechnoCom MRM product line. In fiscal 2008, the Company acquired the Aercept vehicle tracking business and the Smartlink business.   
    - In fiscal 2007, the Company recorded charges of $6,850,000 for the write-off of in-process research and development costs in connection with the Dataradio acquisition and $29,848,000 for the impairment of goodwill and other intangible assets of the discontinued Solutions business. The $29.9 million impairment charge of fiscal 2007 is included in loss from discontinued operations for that year. 

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|                                                               | Year Ended February 28,        |
|--------------------------------------------------------------------|--------------------------------|
|                                                               | 2011                           |       | 2010 |       | 2009 |
| Revenues                                                           |      100.0 | % |   |      100.0 | % |   |      100.0 | % |
| Cost of revenues                                                   | 74.1                           |   |   | 80.0 |   |   | 61.3 |   |
| Gross profit                                                       | 25.9                           |   |   | 20.0 |   |   | 38.7 |   |
|                                                               |
| Operating expenses:                                                |                           |   |   |   |   |   |   |   |
|        Research and development      | 9.7                            |   |   | 9.8 |   |   | 13.1 |   |
|        Selling                       | 9.2                            |   |   | 8.5 |   |   | 9.1 |   |
|        General and administrative    | 7.7                            |   |   | 9.4 |   |   | 12.2 |   |
|        Intangible asset amortization | 1.0                            |   |   | 1.2 |   |   | 4.5 |   |
|        Impairment loss               | -                              |   |   | - |   |   | 45.5 |   |
| Operating loss                                                     | (1.7                           | ) |   | (8.9 | ) |   | (45.7 | ) |
| Other expense, net                                                 | (1.3                           | ) |   | (2.0 | ) |   | (0.9 | ) |
| Loss before income taxes                                           | (3.0                           | ) |   | (10.9 | ) |   | (46.6 | ) |
| Income tax benefit (provision)                                     | 0.2                            |   |   | 1.2 |   |   | (3.9 | ) |
| Net loss                                                           | (2.8                           | %) |   | (9.7 | %) |   | (50.5 | %) |
|                                                               |
|             |   Year ended February 28, |
|------------------|--------------------------------|
|             | 2011                           |   | 2010 |   | 2009 |
|             |                           |   |   | % of |   |   |   |   | % of |   |   |   |   | % of |
|             | $000s                          |     | Total |       | $000s |     | Total |       | $000s |     | Total |
| Segment          |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Satellite        | $                              | 35,899 |   | 31.4 | % |   | $ | 54,715 |   | 48.8 | % |   | $ | 26,327 |   | 26.8 | % |
| Wireless DataCom |                           |      78,434 |   | 68.6 | % |   |   |      57,398 |   | 51.2 | % |   |   | 72,043 |   | 73.2 | % |
| Total            | $                              | 114,333 |   |      100.0 | % |   | $ | 112,113 |   |      100.0 | % |   | $ |      98,370 |   |      100.0 | % |
|             |
|             |   Year ended February 28, |
|------------------|--------------------------------|
|             | 2011                           |   | 2010 |   | 2009 |
|             |                           |   |   | % of |   |   |   |   | % of |   |   |   |   | % of |
|             | $000s                          |     | Total |       | $000s |     | Total |       | $000s |     | Total |
| Segment          |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Satellite        | $                              | 1,636 |   | 5.5 | % |   | $ | 4,258 |   | 19.0 | % |   | $ | 10,254 |   | 26.9 | % |
| Wireless DataCom |                           | 27,922 |   | 94.5 | % |   |   |      18,132 |   | 81.0 | % |   |   | 27,872 |   | 73.1 | % |
| Total            | $                              |      29,558 |   |      100.0 | % |   | $ | 22,390 |   |      100.0 | % |   | $ |      38,126 |   |      100.0 | % |
|             |

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|               |                           | Year ended February 28, |
|--------------------|--------------------------------|-------------------------|
|               |                           | 2011                    |   | 2010 |   | 2009 |
|               |                           |                    |   |   |   | % of |   |   |   |   |   | % of |   |   |   |   |   | % of |
|               |                           |                    |   |   |   | Total |   |   |   |   |   | Total |   |   |   |   |   | Total |
|               |       | $000s                   |       | Revenue |       | $000s |       | Revenue |       | $000s |       | Revenue |
| Segment            |                           |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Satellite          |                           | $                       | (2,460 | ) |   | (2.2 | %) |   | $ | (111 | ) |   | (0.1 | %) |   | $ | 3,616 |   |   | 3.7 | % |
| Wireless DataCom   |                           |                    | 4,922 |   |   | 4.3 | % |   |   | (5,867 | ) |   | (5.2 | %) |   |   | (42,206 | ) |   | (42.9 | %) |
| Corporate expenses |                           |                    | (4,522 | ) |   | (4.0 | %) |   |   | (4,007 | ) |   | (3.6 | %) |   |   | (6,394 | ) |   | (6.5 | %) |
| Total              |                           | $                       |        (2,060 | ) |   |        (1.8 | %) |   | $ |        (9,985 | ) |   |        (8.9 | %) |   | $ |        (44,984 | ) |   |        (45.7 | %) |
|               |

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|                                                        |                           | Payments Due by Period |
|-------------------------------------------------------------|--------------------------------|------------------------|
|                                                        |                           |                   |   |   |   |   |   |   |   |   | More |   |   |   |
|                                                        |                           | Less than              |   |   |   |   |   |   |   | than 5 |   |   |   |
| Contractual Obligations                                     |       | 1 year                 |       | 1-3 years |       | 3-5 years |       | years |       | Total |
| Bank line of credit principal                               |                           | $                      | 7,489 |   | $ | - |   | $ | - |   | $ | - |   | $ | 7,489 |
| Minimum contractual interest                                |                           |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        on bank line of credit |                           |                   | 194 |   |   | - |   |   | - |   |   | - |   |   | 194 |
| Subordinated notes principal                                |                           |                   | - |   |   | 5,000 |   |   | - |   |   | - |   |   | 5,000 |
| Subordinated notes interest                                 |                           |                   | 600 |   |   | 585 |   |   | - |   |   | - |   |   | 1,185 |
| Operating leases                                            |                           |                   | 1,785 |   |   | 1,749 |   |   | 1,584 |   |   | 285 |   |   | 5,403 |
| Purchase obligations                                        |                           |                   | 20,596 |   |   | - |   |   | - |   |   | - |   |   | 20,596 |
| Total contractual obligations                               |                           | $                      |        30,664 |   | $ |        7,334 |   | $ |        1,584 |   | $ |        285 |   | $ |        39,867 |
|                                                        |

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|                                                                                                                                                |                           | February 28, |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|--------------|
| Assets                                                                                                                                              |       | 2011         |       | 2010 |
| Current assets:                                                                                                                                     |                           |         |   |   |   |   |   |   |
|        Cash and cash equivalents                                                                                      |                           | $            | 4,241 |   |   | $ | 2,986 |   |
|        Accounts receivable, less allowance for doubtful accounts of                                                   |                           |         |   |   |   |   |   |   |
|               $290 and $413 at February 28, 2011 and 2010, respectively            |                           |         | 16,814 |   |   |   | 16,520 |   |
|        Inventories                                                                                                    |                           |         | 9,890 |   |   |   | 10,608 |   |
|        Deferred income tax assets                                                                                     |                           |         | 1,961 |   |   |   | 2,656 |   |
|        Prepaid expenses and other current assets                                                                      |                           |         | 5,197 |   |   |   | 4,720 |   |
|                      Total current assets       |                           |         | 38,103 |   |   |   | 37,490 |   |
|                                                                                                                                                |                           |         |   |   |   |   |   |   |
| Property, equipment and improvements, net of                                                                                                        |                           |         |   |   |   |   |   |   |
|        accumulated depreciation and amortization                                                                      |                           |         | 1,877 |   |   |   | 2,055 |   |
| Deferred income tax assets, less current portion                                                                                                    |                           |         | 9,887 |   |   |   | 10,017 |   |
| Intangible assets, net                                                                                                                              |                           |         | 4,012 |   |   |   | 5,144 |   |
| Other assets                                                                                                                                        |                           |         | 1,606 |   |   |   | 2,247 |   |
|                                                                                                                                                |                           | $            | 55,485 |   |   | $ | 56,953 |   |
| Liabilities and Stockholders' Equity                                                                                                                |                           |         |   |   |   |   |   |   |
| Current liabilities:                                                                                                                                |                           |         |   |   |   |   |   |   |
|        Bank working capital line of credit                                                                            |                           | $            | 7,489 |   |   | $ | 5,901 |   |
|        Accounts payable                                                                                               |                           |         | 14,103 |   |   |   | 16,186 |   |
|        Accrued payroll and employee benefits                                                                          |                           |         | 3,341 |   |   |   | 2,742 |   |
|        Deferred revenue                                                                                               |                           |         | 5,796 |   |   |   | 4,740 |   |
|        Other current liabilities                                                                                      |                           |         | 2,140 |   |   |   | 3,526 |   |
|                      Total current liabilities  |                           |         | 32,869 |   |   |   | 33,095 |   |
|                                                                                                                                                |                           |         |   |   |   |   |   |   |
| Long-term debt                                                                                                                                      |                           |         | 4,460 |   |   |   | 4,170 |   |
| Other non-current liabilities                                                                                                                       |                           |         | 554 |   |   |   | 489 |   |
|                                                                                                                                                |                           |         |   |   |   |   |   |   |
| Commitments and contingencies                                                                                                                       |                           |         |   |   |   |   |   |   |
|                                                                                                                                                |                           |         |   |   |   |   |   |   |
| Stockholders' equity:                                                                                                                               |                           |         |   |   |   |   |   |   |
|        Preferred stock, $.01 par value; 3,000 shares authorized;                                                      |                           |         |   |   |   |   |   |   |
|               no shares issued or outstanding                                      |                           |         | - |   |   |   | - |   |
|        Common stock, $.01 par value; 40,000 shares authorized;                                                        |                           |         |   |   |   |   |   |   |
|               28,147 and 27,662 shares issued and outstanding                      |                           |         |   |   |   |   |   |   |
|               at February 28, 2011 and 2010, respectively                          |                           |         | 281 |   |   |   | 277 |   |
|        Additional paid-in capital                                                                                     |                           |         | 153,135 |   |   |   | 151,453 |   |
|        Accumulated deficit                                                                                            |                           |         |        (134,948 | ) |   |   |        (131,665 | ) |
|        Accumulated other comprehensive loss                                                                           |                           |         | (866 | ) |   |   | (866 | ) |
|                      Total stockholders' equity |                           |         | 17,602 |   |   |   | 19,199 |   |
|                                                                                                                                                |                           | $            | 55,485 |   |   | $ | 56,953 |   |
|                                                                                                                                                |

----

|                                                                    |                           | Year Ended February 28, |
|-------------------------------------------------------------------------|--------------------------------|-------------------------|
|                                                                    |       | 2011                    |       | 2010 |       | 2009 |
| Revenues                                                                |                           | $                       | 114,333 |   |   | $ | 112,113 |   |   | $ | 98,370 |   |
|                                                                    |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Cost of revenues                                                        |                           |                    | 84,775 |   |   |   | 89,723 |   |   |   | 60,244 |   |
|                                                                    |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                                            |                           |                    | 29,558 |   |   |   | 22,390 |   |   |   | 38,126 |   |
|                                                                    |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Operating expenses:                                                     |                           |                    |   |   |   |   |   |   |   |   |   |   |
|        Research and development      |                           |                    | 11,125 |   |   |   | 10,943 |   |   |   | 12,899 |   |
|        Selling                       |                           |                    | 10,503 |   |   |   | 9,542 |   |   |   | 8,959 |   |
|        General and administrative    |                           |                    | 8,858 |   |   |   | 10,523 |   |   |   | 12,087 |   |
|        Intangible asset amortization |                           |                    | 1,132 |   |   |   | 1,367 |   |   |   | 4,429 |   |
|        Impairment loss               |                           |                    | - |   |   |   | - |   |   |   | 44,736 |   |
| Total operating expenses                                                |                           |                    | 31,618 |   |   |   | 32,375 |   |   |   | 83,110 |   |
|                                                                    |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Operating loss                                                          |                           |                    | (2,060 | ) |   |   | (9,985 | ) |   |   | (44,984 | ) |
|                                                                    |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Non-operating income (expense):                                         |                           |                    |   |   |   |   |   |   |   |   |   |   |
|        Interest expense, net         |                           |                    | (1,445 | ) |   |   | (940 | ) |   |   | (1,091 | ) |
|        Loss on sale of investment    |                           |                    | - |   |   |   | (1,008 | ) |   |   | - |   |
|        Other income (expense), net   |                           |                    | 50 |   |   |   | (292 | ) |   |   | 180 |   |
| Total non-operating expense                                             |                           |                    | (1,395 | ) |   |   | (2,240 | ) |   |   | (911 | ) |
|                                                                    |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Loss before income taxes                                                |                           |                    | (3,455 | ) |   |   | (12,225 | ) |   |   | (45,895 | ) |
|                                                                    |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Income tax benefit (provision)                                          |                           |                    | 172 |   |   |   | 1,374 |   |   |   | (3,770 | ) |
|                                                                    |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                |                           | $                       |        (3,283 | ) |   | $ |        (10,851 | ) |   | $ |        (49,665 | ) |
|                                                                    |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Total basic and diluted loss per share                                  |                           | $                       | (0.12 | ) |   | $ | (0.43 | ) |   | $ | (2.01 | ) |
|                                                                    |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Shares used in computing basic and diluted loss per share:              |                           |                    | 27,181 |   |   |   | 25,309 |   |   |   | 24,765 |   |

----

|                                                  |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   | Retained |                                          | Accumulated |   |   |                                      |   |
|-------------------------------------------------------|--------------------------|---------------------------------------------|--------------------------|---------|--------------------------|------------------------------------------|--------------------------|---------------|--------------------------|----------------------------------------------|--------------------------|--------|----------|-----------------------------------------------|-------------|--------|--------|-------------------------------------------|--------|
|                                                  |                     |                                        |                     |    |                     |                                     |                     |          | Additional               |                                         | Earnings                 |   | Other    |                                          | Total       |
|                                                  |                     | Common Stock                                |                     | Paid-in |                     | (Accumulated                             |                     | Comprehensive |                     |   Stockholders'                         |
|                                                  |      | Shares                                      |      | Amount  |      | Capital                                  |      | Deficit)      |      | Loss                                         |      | Equity |
| Balances at February 28, 2008                         |                     | 25,041                                      |                     |    | $                        | 250                                      |                     |          | $                        | 144,318                                      |                     |   | $        | (71,149                                       | )           |   | $      | 1                                         |   |   | $ | 73,420 |   |
| Net loss                                              |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     | (49,665                                       | )           |   |   |                                      |   |   |   | (49,665 | ) |
| Foreign currency translation adjustments              |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     |                                          |        |   |   | (1,121                                    | )      |   |   | (1,121 | ) |
| Comprehensive loss                                    |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     |                                          |        |   |   |                                      |   |   |   | (50,786 | ) |
| Stock-based compensation expense                      |                     |                                        |                     |    |                     |                                     |                     |          |                     | 1,268                                        |                     |   |     |                                          |        |   |   |                                      |   |   |   | 1,268 |   |
| Issuance of shares for restricted                     |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     |                                          |        |   |   |                                      |   |   |   |   |   |
|        stock awards     |                     | 222                                         |                     |    |                     | 2                                        |                     |          |                     | (2                                           | )                        |   |     |                                          |        |   |   |                                      |   |   |   | - |   |
| Shares retained on net share settlement               |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     |                                          |        |   |   |                                      |   |   |   |   |   |
|        of equity awards |                     | (62                                         | )                        |    |                     | -                                        |                     |          |                     | (140                                         | )                        |   |     |                                          |        |   |   |                                      |   |   |   | (140 | ) |
| Exercise of stock options                             |                     | 16                                          |                     |    |                     | -                                        |                     |          |                     | -                                            |                     |   |     |                                          |        |   |   |                                      |   |   |   | - |   |
| Other                                                 |                     |                                        |                     |    |                     |                                     |                     |          |                     | (563                                         | )                        |   |     |                                          |        |   |   |                                      |   |   |   | (563 | ) |
| Balances at February 28, 2009                         |                     | 25,217                                      |                     |    |                     | 252                                      |                     |          |                     | 144,881                                      |                     |   |     | (120,814                                      | )           |   |   | (1,120                                    | )      |   |   | 23,199 |   |
| Net loss                                              |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     | (10,851                                       | )           |   |   |                                      |   |   |   | (10,851 | ) |
| Foreign currency translation adjustments              |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     |                                          |        |   |   | 254                                       |   |   |   | 254 |   |
| Comprehensive loss                                    |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     |                                          |        |   |   |                                      |   |   |   | (10,597 | ) |
| Stock-based compensation expense                      |                     |                                        |                     |    |                     |                                     |                     |          |                     | 1,981                                        |                     |   |     |                                          |        |   |   |                                      |   |   |   | 1,981 |   |
| Issuance of shares for restricted                     |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     |                                          |        |   |   |                                      |   |   |   |   |   |
|        stock awards     |                     | 583                                         |                     |    |                     | 7                                        |                     |          |                     | (7                                           | )                        |   |     |                                          |        |   |   |                                      |   |   |   | - |   |
| Shares retained on net share settlement               |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     |                                          |        |   |   |                                      |   |   |   |   |   |
|        of equity awards |                     | (71                                         | )                        |    |                     | (1                                       | )                        |          |                     | (122                                         | )                        |   |     |                                          |        |   |   |                                      |   |   |   | (123 | ) |
| Exercise of stock options                             |                     | 1                                           |                     |    |                     | -                                        |                     |          |                     | 1                                            |                     |   |     |                                          |        |   |   |                                      |   |   |   | 1 |   |
| Sale of stock                                         |                     | 1,932                                       |                     |    |                     | 19                                       |                     |          |                     | 3,948                                        |                     |   |     |                                          |        |   |   |                                      |   |   |   | 3,967 |   |
| Issuance of warrants                                  |                     |                                        |                     |    |                     |                                     |                     |          |                     | 870                                          |                     |   |     |                                          |        |   |   |                                      |   |   |   | 870 |   |
| Other                                                 |                     |                                        |                     |    |                     |                                     |                     |          |                     | (99                                          | )                        |   |     |                                          |        |   |   |                                      |   |   |   | (99 | ) |
| Balances at February 28, 2010                         |                     | 27,662                                      |                     |    |                     | 277                                      |                     |          |                     | 151,453                                      |                     |   |     | (131,665                                      | )           |   |   | (866                                      | )      |   |   | 19,199 |   |
| Net loss and comprehensive loss                       |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     | (3,283                                        | )           |   |   |                                      |   |   |   | (3,283 | ) |
| Stock-based compensation expense                      |                     |                                        |                     |    |                     |                                     |                     |          |                     | 2,109                                        |                     |   |     |                                          |        |   |   |                                      |   |   |   | 2,109 |   |
| Issuance of shares for restricted                     |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     |                                          |        |   |   |                                      |   |   |   |   |   |
|        stock awards     |                     | 655                                         |                     |    |                     | 6                                        |                     |          |                     | (6                                           | )                        |   |     |                                          |        |   |   |                                      |   |   |   | - |   |
| Shares retained on net share settlement               |                     |                                        |                     |    |                     |                                     |                     |          |                     |                                         |                     |   |     |                                          |        |   |   |                                      |   |   |   |   |   |
|        of equity awards |                     | (170                                        | )                        |    |                     | (2                                       | )                        |          |                     | (403                                         | )                        |   |     |                                          |        |   |   |                                      |   |   |   | (405 | ) |
| Other                                                 |                     |                                        |                     |    |                     |                                     |                     |          |                     | (18                                          | )                        |   |     |                                          |        |   |   |                                      |   |   |   | (18 | ) |
| Balances at February 28, 2011                         |                     |        28,147 |                     |    | $                        |        281 |                     |          | $                        |        153,135 |                     |   | $        |        (134,948 | )           |   | $      |        (866 | )      |   | $ |        17,602 |   |
|                                                  |

----

|                                                                                                             |                           | Year Ended February 28, |
|------------------------------------------------------------------------------------------------------------------|--------------------------------|-------------------------|
|                                                                                                             |       | 2011                    |       | 2010 |       | 2009 |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                            |                           |                    |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                                         |                           | $                       | (3,283 | ) |   | $ | (10,851 | ) |   | $ | (49,665 | ) |
| Adjustments to reconcile net loss                                                                                |                           |                    |   |   |   |   |   |   |   |   |   |   |
|        to net cash provided by operating activities:                               |                           |                    |   |   |   |   |   |   |   |   |   |   |
|        Depreciation and amortization                                               |                           |                    | 2,543 |   |   |   | 2,522 |   |   |   | 6,549 |   |
|        Stock-based compensation expense                                            |                           |                    | 2,109 |   |   |   | 1,981 |   |   |   | 1,268 |   |
|        Amortization of debt issue costs and discount                               |                           |                    | 536 |   |   |   | - |   |   |   | - |   |
|        Impairment loss                                                             |                           |                    | - |   |   |   | - |   |   |   | 44,736 |   |
|        Loss on sale of investment                                                  |                           |                    | - |   |   |   | 1,008 |   |   |   | - |   |
|        Deferred tax assets, net                                                    |                           |                    | 807 |   |   |   | 39 |   |   |   | 3,373 |   |
|        Other                                                                       |                           |                    | (20 | ) |   |   | 104 |   |   |   | - |   |
|        Changes in operating assets and liabilities:                                |                           |                    |   |   |   |   |   |   |   |   |   |   |
|               Accounts receivable               |                           |                    | (294 | ) |   |   | (2,780 | ) |   |   | 6,288 |   |
|               Inventories                       |                           |                    | 718 |   |   |   | 4,626 |   |   |   | 9,442 |   |
|               Prepaid expenses and other assets |                           |                    | (510 | ) |   |   | 42 |   |   |   | 2,679 |   |
|               Accounts payable                  |                           |                    | (2,083 | ) |   |   | 10,764 |   |   |   | (5,453 | ) |
|               Accrued liabilities               |                           |                    | (722 | ) |   |   | (5,991 | ) |   |   | (4,921 | ) |
|               Deferred revenue                  |                           |                    | 1,056 |   |   |   | 1,131 |   |   |   | (396 | ) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES                                                                        |                           |                    | 857 |   |   |   | 2,595 |   |   |   | 13,900 |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                                            |                           |                    |   |   |   |   |   |   |   |   |   |   |
|        Capital expenditures                                                        |                           |                    | (1,245 | ) |   |   | (1,066 | ) |   |   | (831 | ) |
|        Proceeds from sale of property and equipment                                |                           |                    | 32 |   |   |   | 2 |   |   |   | - |   |
|        Proceeds from sale of investment                                            |                           |                    | - |   |   |   | 992 |   |   |   | - |   |
|        Collections on note receivable                                              |                           |                    | 428 |   |   |   | 325 |   |   |   | 465 |   |
|        Acquisition of Smartlink                                                    |                           |                    | - |   |   |   | - |   |   |   | 296 |   |
|        Acquisition of TechnoCom product line                                       |                           |                    | - |   |   |   | - |   |   |   | (1,183 | ) |
|        Other                                                                       |                           |                    | - |   |   |   | (38 | ) |   |   | (188 | ) |
| NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES                                                                 |                           |                    | (785 | ) |   |   | 215 |   |   |   | (1,441 | ) |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                            |                           |                    |   |   |   |   |   |   |   |   |   |   |
|        Proceeds from borrowings on lines of credit                                 |                           |                    | 1,588 |   |   |   | 7,551 |   |   |   | - |   |
|        Proceeds from issuance of subordinated debt and warrants                    |                           |                    | - |   |   |   | 5,000 |   |   |   | - |   |
|        Net proceeds from sale of common stock                                      |                           |                    | - |   |   |   | 3,967 |   |   |   | - |   |
|        Debt repayments                                                             |                           |                    | - |   |   |   | (22,728 | ) |   |   | (11,452 | ) |
|        Payment of debt issue costs                                                 |                           |                    | - |   |   |   | (544 | ) |   |   | - |   |
|        Taxes paid related to net share settlement of equity awards                 |                           |                    | (405 | ) |   |   | (123 | ) |   |   | (140 | ) |
|        Proceeds from exercise of stock options                                     |                           |                    | - |   |   |   | 1 |   |   |   | - |   |
| NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES                                                                 |                           |                    | 1,183 |   |   |   | (6,876 | ) |   |   |        (11,592 | ) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH                                                                          |                           |                    | - |   |   |   | 139 |   |   |   | (542 | ) |
| Net change in cash and cash equivalents                                                                          |                           |                    | 1,255 |   |   |   | (3,927 | ) |   |   | 325 |   |
| Cash and cash equivalents at beginning of year                                                                   |                           |                    | 2,986 |   |   |   | 6,913 |   |   |   | 6,588 |   |
| Cash and cash equivalents at end of year                                                                         |                           | $                       |         4,241 |   |   | $ |         2,986 |   |   | $ | 6,913 |   |
|                                                                                                             |

----

----

|                 |     |   | Year ended February 28,        |
|--------------------------------------------------------------------------------------------|----------|--------|--------------------------------|
|                                                                                       | Customer |   |       | 2011 |       | 2010 |   | 2009 |
|                                                                                       | A        |   |                           |   | 31.0 | % |   |   |   | 48.6 | % |   |       |   | 15.7 | % |   |
|                                                                                       | B        |   |                           |   | - |   |   |   |   | - |   |   |   |   | 10.3 | % |   |

|                                                                                       |     |                           |                           | February 28, |
|--------------------------------------------------------------------------------------------|----------|--------------------------------|--------------------------------|--------------|
|                 | Customer |       |       | 2011         |       | 2010 |
|                                                                                       | A        |                           |                           |         | 27.6 | % |   |   |   | 47.9 | % |   |
|                                                                                       | C        |                           |                           |         | 12.4 | % |   |   |   | - |   |   |

----

----

|            |                           | February 28,                    |
|-----------------|--------------------------------|---------------------------------|
|            |                           | 2011                            |       | 2010 |
| Raw materials   |       | $                               | 8,663 |   | $ | 9,483 |
| Work in process |                           |                            | 85 |   |   | 209 |
| Finished goods  |                           |                            | 1,142 |   |   | 916 |
|            |                           | $      | 9,890 |   | $      | 10,608 |
|            |                           |                            |   |   |   |   |

----

|                                           |                           | February 28,                    |
|------------------------------------------------|--------------------------------|---------------------------------|
|                                           |                           | 2011                            |       | 2010 |
| Leasehold improvements                         |                           | $                               | 1,487 |   |   | $ | 1,498 |   |
| Plant equipment and tooling                    |                           |                            | 12,941 |   |   |   | 12,380 |   |
| Office equipment, computers and furniture      |                           |                            | 2,706 |   |   |   | 2,083 |   |
|                                           |                           |                            | 17,134 |   |   |   | 15,961 |   |
| Less accumulated depreciation and amortization |                           |                            | (15,257 | ) |   |   | (13,906 | ) |
|                                           |       | $      | 1,877 |   |   | $      | 2,055 |   |
|                                      |                           |                            |   |   |   |   |   |   |

|                      |                           |         |                           | February 28, 2011               |   | February 28, 2010              |
|---------------------------|--------------------------------|--------------|--------------------------------|---------------------------------|--------|--------------------------------|
|                      |                           |         |                           | Gross                           |   |                           |   |   |   |   |   | Gross |   |   |   |   |   |
|                      |                           | Amortization |                           | Carrying                        |   | Accumulated                    |   |   |   |   | Carrying |   | Accumulated |   |   |   |
|                      |       | Life         |       | Amount                          |   | Amortization                   |   | Net |   | Amount |   | Amortization |       | Net |
| Developed/core technology |                           | 5-7 years    |                           | $                               | 3,101  |                           | $ | 1,783 |       | $ | 1,318 |       | $ | 3,101 |       | $ | 1,054 |   | $ | 2,047 |
| Customer lists            |                           | 5-7 years    |                           |                            | 1,339  |                           |   | 831 |   |   | 508 |   |   | 1,339 |   |   | 475 |   |   | 864 |
| Covenants not to compete  |                           | 4-5 years    |                           |                            | 138    |                           |   | 106 |   |   | 32 |   |   | 138 |   |   | 66 |   |   | 72 |
| Patents                   |                           | 4-5 years    |                           |                            | 39     |                           |   | 15 |   |   | 24 |   |   | 39 |   |   | 8 |   |   | 31 |
| Tradename                 |                           | Indefinite   |                           |                            | 2,130  |                           |   | - |   |   | 2,130 |   |   | 2,130 |   |   | - |   |   | 2,130 |
|                      |                           |         |                           | $      | 6,747  |       | $      | 2,735 |   | $      | 4,012 |   | $      | 6,747 |   | $      | 1,603 |   | $      | 5,144 |
|                      |                           |         |                           |                            |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                | 2012 |       | $                               | 973 |
|--------------------------------------------------------------------------------------|------|--------------------------------|---------------------------------|-----|
|                                                                                 | 2013 |                           | $                               | 749 |
|                                                                                 | 2014 |                           | $      | 160 |

----

|                           |                      |                           | February 28,                    |
|--------------------------------|---------------------------|--------------------------------|---------------------------------|
|                           |                      |                           | 2011                            |   | 2010 |
|       | Subordinated Notes        |       | $                               | 5,000 |   |       | $ | 5,000 |   |
|                           | Less unamortized discount |                           |                            | (540 | ) |   |   | (830 | ) |
|                           |                      |                           | $      | 4,460 |   |   | $      | 4,170 |   |
|                           |                      |                           |                            |   |   |   |   |   |   |

|             |                           | February 28,                    |
|------------------|--------------------------------|---------------------------------|
|             |       | 2011                            |   | 2010 |
| Deferred rent    |                           | $      | 4 |   | $ | 88 |
| Deferred revenue |                           |                            | 550 |       |   | 401 |
|             |                           | $                               | 554 |   | $      | 489 |
|             |                           |                            |   |   |   |   |

----

|                                                             |   | Future Cash Payments Due by Fiscal Year |   |               |                            |
|------------------------------------------------------------------|--------|-----------------------------------------|--------|--------------------|---------------------------------|
| Contractual Obligations                                          |   |                          | 2012   |     | 2013                            |     | 2014 |     | 2015 |     | 2016 |     | Thereafter |   | Total |
| Bank line of credit principal                                    |   | $                                       | 7,489  |               | $                               | - |   | $ | - |   | $ | - |   | $ | - |   | $ | - |   | $ | 7,489 |
| Minimum contractual interest                                     |   |                                    |   |               |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        on bank line of credit |   |                                    | 194    |               |                            | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 194 |
| Subordinated notes principal                                     |   |                                    | -      |               |                            | 5,000 |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 5,000 |
| Subordinated notes interest                                      |   |                                    | 600    |               |                            | 585 |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 1,185 |
| Operating leases                                                 |   |                                    | 1,785  |               |                            | 920 |   |   | 829 |   |   | 795 |   |   | 789 |   |   | 285 |   |   | 5,403 |
| Purchase obligations                                             |   |                                    | 20,596 |               |                            | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 20,596 |
| Total contractual obligations                                    |   | $              | 30,664 |               | $      | 6,505 |   | $      | 829 |   | $      | 795 |   | $      | 789 |   | $      | 285 |     | $      | 39,867 |
|                                                             |   |                                    |   |               |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|     |                           | Year Ended February 28,         |
|----------|--------------------------------|---------------------------------|
|     |       | 2011                            |       | 2010 |       | 2009 |
| Domestic |                           | $                               | (3,314 | ) |   | $ | (9,587 | ) |   | $ | (43,940 | ) |
| Foreign  |                           |                            | (141 | ) |   |   | (2,638 | ) |   |   | (1,955 | ) |
|     |                           | $      | (3,455 | ) |   | $      | (12,225 | ) |   | $      | (45,895 | ) |
|     |                           |                            |   |   |   |   |   |   |   |   |   |   |

----

|                                                     |                           | Year Ended February 28,         |
|----------------------------------------------------------|--------------------------------|---------------------------------|
|                                                     |       | 2011                            |       | 2010 |   | 2009 |
| Current:                                                 |                           |                            |   |   |   |   |   |   |   |   |
|        Federal        |                           | $                               | - |   | $ | - |   | $ | - |   |
|        State          |                           |                            | - |   |   | - |   |   | - |   |
|        Foreign        |                           |                            | 172 |   |   | - |   |   | (279 | ) |
|        Total current  |                           |                            | 172 |   |   | - |   |   | (279 | ) |
|                                                     |                           |                            |   |   |   |   |   |   |   |   |
| Deferred:                                                |                           |                            |   |   |   |   |   |   |   |   |
|        Federal        |                           |                            | - |   |   | 1,098 |   |   | (2,801 | ) |
|        State          |                           |                            | - |   |   | 276 |   |   | (690 | ) |
|        Total deferred |                           |                            | - |   |   | 1,374 |   |   | (3,491 | ) |
|                                                     |                           | $      | 172 |   | $      | 1,374 |       | $      | (3,770 | ) |
|                                                     |                           |                            |   |   |   |   |   |   |   |   |

|                                                       | Year Ended February 28,         |
|------------------------------------------------------------|---------------------------------|
|                                                       | 2011                            |       | 2010 |       | 2009 |
| Income tax benefit at U.S. statutory federal rate of 35%   | $                               | 1,209 |   |   | $ | 4,278 |   |   | $ | 16,063 |   |
| State income tax benefit, net of federal income tax effect |                            | 108 |   |   |   | 760 |   |   |   | 1,793 |   |
| Foreign taxes                                              |                            | 123 |   |   |   | 84 |   |   |   | 64 |   |
| Nondeductible goodwill                                     |                            | - |   |   |   | - |   |   |   | (4,627 | ) |
| Valuation allowance                                        |                            | (1,652 | ) |   |   | (24,074 | ) |   |   | (17,424 | ) |
| Tax deduction for stock basis in dissolved subsidiaries    |                            | - |   |   |   | 18,089 |   |   |   | - |   |
| Other, net                                                 |                            | 384 |   |   |   | 2,237 |   |   |   | 361 |   |
| Income tax benefit (provision)                             | $      | 172 |   |   | $      | 1,374 |   |   | $      | (3,770 | ) |
|                                                       |                            |   |   |   |   |   |   |   |   |   |   |

|                                       |                           | February 28,                    |
|--------------------------------------------|--------------------------------|---------------------------------|
|                                       |                           | 2011                            |   | 2010 |
| Depreciation, amortization and impairments |       | $      | 12,180 |   |   | $ | 13,508 |   |
| Net operating loss carryforwards           |                           |                            | 30,250 |   |   |   | 29,208 |   |
| Capital loss carryforward                  |                           |                            | 848 |   |   |   | 848 |   |
| Research and development credits           |                           |                            | 4,804 |   |   |   | 4,277 |   |
| Other tax credits                          |                           |                            | 1,064 |   |   |   | 1,875 |   |
| Warranty reserve                           |                           |                            | 277 |   |   |   | 495 |   |
| Stock-based compensation                   |                           |                            | 1,929 |   |   |   | 1,621 |   |
| Payroll and Employee Benefit Accruals      |                           |                            | 477 |   |   |   | 617 |   |
| Inventory reserve                          |                           |                            | 700 |   |   |   | 951 |   |
| Allowance for doubtful accounts            |                           |                            | 113 |   |   |   | 163 |   |
| Other, net                                 |                           |                            | 388 |   |   |   | 407 |   |
| Gross deferred tax assets                  |                           |                            | 53,030 |   |   |   | 53,970 |   |
| Valuation allowance                        |                           |                            | (41,182 | ) |   |   | (41,297 | ) |
| Net deferred tax assets                    |                           |                            | 11,848 |   |   |   | 12,673 |   |
| Less current portion                       |                           |                            | 1,961 |   |   |   | 2,656 |   |
| Non-current portion                        |                           | $                               | 9,887 |   |       | $      | 10,017 |   |
|                                       |                           |                            |   |   |   |   |   |   |

----

| Balance at February 28, 2009 | $                               | 6,449  |   |
|------------------------------|---------------------------------|--------|--------|
| Decrease in fiscal 2010      |                            | (5,184 | )      |
| Balance at February 28, 2010 |                            | 1,265  |   |
| Decrease in fiscal 2011      |                            | -      |   |
| Balance at February 28, 2011 | $      | 1,265  |   |
|                         |                            |   |   |

----

|                             |                           |                                               |                           | Weighted     |
|----------------------------------|--------------------------------|----------------------------------------------------|--------------------------------|--------------|
|                             |                           | Number of                                          |                           | Average      |
|                             |       | Options                                            |       | Option Price |
| Outstanding at February 28, 2008 |                           | 2,382                                              |                           |         | $ | 9.54 |
| Granted                          |                           | 578                                                |                           |         |   | 2.42 |
| Exercised                        |                           | (50                                                | )                              |         |   | 1.75 |
| Forfeited or expired             |                           |          (1,041 | )                              |         |   | 8.36 |
| Outstanding at February 28, 2009 |                           | 1,869                                              |                           |         |   | 8.20 |
|                             |                           |                                               |                           |         |   |   |
| Granted                          |                           | 320                                                |                           |         |   | 1.48 |
| Exercised                        |                           | (1                                                 | )                              |         |   | 1.32 |
| Forfeited or expired             |                           | (165                                               | )                              |         |   | 24.39 |
| Outstanding at February 28, 2010 |                           | 2,023                                              |                           |         |   | 5.82 |
|                             |                           |                                               |                           |         |   |   |
| Granted                          |                           | 186                                                |                           |         |   | 2.34 |
| Exercised                        |                           | -                                                  |                           |         |   | - |
| Forfeited or expired             |                           | (101                                               | )                              |         |   | 19.23 |
| Outstanding at February 28, 2011 |                           | 2,108                                              |                           |         | $ | 4.87 |
|                             |                           |                                               |                           |         |   |   |
| Exercisable at February 28, 2011 |                           | 1,360                                              |                           |         | $ | 6.33 |
|                             |                           |                                               |                           |         |   |   |

----

|                             |                                                                |                           | Weighted      |
|----------------------------------|---------------------------------------------------------------------|--------------------------------|---------------|
|                             | Number of                                                           |                           | Average Grant |
|                             | Shares                                                              |                           | Date Fair     |
|                             | and RSUs                                                            |       | Value         |
| Outstanding at February 28, 2008 | 474                                                                 |                           |          | $ |      3.63 |
| Granted                          | 633                                                                 |                           |          |   | 2.06 |
| Vested                           | (149                                                                | )                              |          |   | 3.76 |
| Forfeited                        | (51                                                                 | )                              |          |   | 3.87 |
| Outstanding at February 28, 2009 | 907                                                                 |                           |          |   | 2.50 |
|                             |                                                                |                           |          |   |   |
| Granted                          | 1,147                                                               |                           |          |   | 1.81 |
| Vested                           | (231                                                                | )                              |          |   | 2.49 |
| Forfeited                        | (39                                                                 | )                              |          |   | 2.26 |
| Outstanding at February 28, 2010 |         1,784                    |                           |          |   | 2.06 |
|                             |                                                                |                           |          |   |   |
| Granted                          | 863                                                                 |                           |          |   | 2.34 |
| Vested                           | (544                                                                | )                              |          |   | 2.15 |
| Forfeited                        | (58                                                                 | )                              |          |   | 1.78 |
| Outstanding at February 28, 2011 |             2,045 |                           |          | $ | 2.16 |
|                             |

|                                | Year Ended February 28, |
|-------------------------------------|-------------------------|
| Black-Scholes Valuation Assumptions |                    |      2011     |       |      2010     |       |      2009     |
| Expected life (years) (1)           | 6                       |   | 6 |   | 6 |
| Expected volatility (2)             | 74%                     |   | 74%-79% |   | 63%-64% |
| Risk-free interest rates (3)        | 2.1%                    |   |      2.0%-3.0%     |   |      2.7%-3.5%     |
| Expected dividend yield             | 0%                      |   | 0% |   | 0% |

| (1) |   | The expected life of stock options is estimated based on historical experience.                                                  |
|-----|--------|----------------------------------------------------------------------------------------------------------------------------------|
| (2) |   | The expected volatility is estimated based on historical volatility of the Company's stock price.                                |
| (3) |   | Based on the U.S. Treasury constant maturity interest rate whose term is consistent with the expected life of the stock options. |

----

|                       | Year Ended February 28, |
|----------------------------|-------------------------|
|                       | 2011                    |       | 2010 |       | 2009 |
| Cost of revenues           | $                       | 151 |   | $ | 164 |   | $ | 75 |
| Research and development   |                    | 339 |   |   | 298 |   |   | 257 |
| Selling                    |                    | 209 |   |   | 133 |   |   | 102 |
| General and administrative |                    | 1,410 |   |   | 1,386 |   |   | 834 |
|                       | $                       |      2,109 |   | $ |      1,981 |   | $ |      1,268 |
|                       |

|                        | Year Ended February 28, |
|-----------------------------|-------------------------|
|                        | 2011                    |       | 2010 |       | 2009 |
| Interest expense paid       | $                       |      (1,076 | ) |   | $ |      (942 | ) |   | $ |      (1,615 | ) |
| Income tax refunds received | $                       | 803 |   |   | $ | 6 |   |   | $ | 792 |   |

----

|                                             |       |                            |                           | Charged |                            |   |                           |   |                            |   |                           |
|--------------------------------------------------|------------|---------------------------------|--------------------------------|---------|---------------------------------|--------|--------------------------------|--------|---------------------------------|--------|--------------------------------|
|                                             | Balance at |                            | (credited)                     |    |                            |   |                           |   | Balance at                      |
|                                             | beginning  |                            | to costs and                   |    |                            |   |                           |   | end of                          |
|                                             | of period  |                            | expenses                       |    | Deductions                      |   | period                         |
| Allowance for doubtful accounts:                 |       |                            |       |    |                            |   |       |   |                            |   |       |   |   |
|        Fiscal 2009 | $          | 1,271                           |                           | $       | (507                            | )      |                           | $      | (212                            | )      |                           | $ | 552 |
|        Fiscal 2010 |       | 552                             |                           |    | 486                             |   |                           |   | (625                            | )      |                           |   | 413 |
|        Fiscal 2011 |       | 413                             |                           |    | 386                             |   |                           |   | (509                            | )      |                           |   | 290 |
|                                             |
| Warranty reserve:                                |       |                            |                           |    |                            |   |                           |   |                            |   |                           |   |   |
|        Fiscal 2009 | $          | 4,869                           |                           | $       | 353                             |   |                           | $      | (1,936                          | )      |                           | $ | 3,286 |
|        Fiscal 2010 |       | 3,286                           |                           |    | 305                             |   |                           |   | (2,360                          | )      |                           |   | 1,231 |
|        Fiscal 2011 |       | 1,231                           |                           |    | 647                             |   |                           |   | (1,178                          | )      |                           |   | 700 |
|                                             |
| Deferred Tax Assets Valuation Allowance          |       |                            |                           |    |                            |   |                           |   |                            |   |                           |
|        Fiscal 2009 | $          | 1,834                           |                           | $       | 17,424                          |   |                           | $      | (1,028                          | )      |                           | $ | 18,230 |
|        Fiscal 2010 |       | 18,230                          |                           |    |      24,074 |   |                           |   | (1,007                          | )      |                           |   | 41,297 |
|        Fiscal 2011 |       |      41,297 |                           |    | 1,652                           |   |                           |   |      (1,767 | )      |                           |   |      41,182 |

----

|                    | Year ended February 28, 2011 |                     | Year ended February 28, 2010                |
|-------------------------|------------------------------|--------------------------|---------------------------------------------|
|                    | Operating Segments           |                     |                                        |   |   |   |   |   |   |   | Operating Segments |   |   |   |   |   |   |   |   |
|                    |                         |                     |                                        |   | Wireless |   |   |   |   |   |   |   |   |   |   |   |   |   | Wireless |   |   |   |   |   |   |   |   |
|                    | Satellite                    |                     | DataCom                                     |   | Corporate |     | Total |     | Satellite |     | DataCom |     | Corporate |     | Total |
| Revenues                | $                            |    35,899 |                                        |     | $ |    78,434 |   |     |   |   |   |   | $ |    114,333 |   |   | $ |    54,715 |   |   | $ |    57,398 |   |   |   |   |   |   | $ |    112,113 |   |
| Gross profit            | $                            | 1,636                    |                                        |   | $ | 27,922 |   |   |   |   |   |   | $ | 29,558 |   |   | $ | 4,258 |   |   | $ | 18,132 |   |   |   |   |   |   | $ | 22,390 |   |
| Gross margin            |                         | 4.6                      | %                                           |   |   | 35.6 | % |   |   |   |   |   |   | 25.9 | % |   |   | 7.8 | % |   |   | 31.6 | % |   |   |   |   |   |   | 20.0 | % |
| Operating income (loss) | $                            | (2,460                   | )                                           |   | $ | 4,922 |   |   | $ |    (4,522 | ) |   | $ | (2,060 | ) |   | $ | (111 | ) |   | $ | (5,867 | ) |   | $ |    (4,007 | ) |   | $ | (9,985 | ) |
|                    |                         |                     |                                        |
|                    | Year ended February 28, 2009 |                     |          |
|                    | Operating Segments           |                     |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                    |                         |                     |                                        |   | Wireless |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                    | Satellite                    |                     | DataCom                                     |   | Corporate |     | Total |   |   |   |   |   |   |   |   |
| Revenues                | $                            |    26,327 |                                        |   | $ | 72,043 |   |   |   |   |   |   | $ | 98,370 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit            | $                            | 10,254                   |                                        |   | $ | 27,872 |   |   |   |   |   |   | $ | 38,126 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross margin            |                         | 38.9                     | %                                           |   |   | 38.7 | % |   |   |   |   |   |   | 38.8 | % |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss) | $                            | 3,616                    |                                        |   | $ |    (42,206 | ) |   | $ |    (6,394 | ) |   | $ |    (44,984 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                | Fiscal 2011 |
|-------------------------------------|-------------|
|                                | First       |   | Second |   | Third |   | Fourth |   |   |   |   |
|                                | Quarter     |   | Quarter |   | Quarter |   | Quarter |   | Total |
| Revenues                            | $           |      26,346 |   |      | $ |      29,490 |   |      | $ |      29,553 |   |      | $ |      28,944 |   |      | $ |      114,333 |   |
| Gross profit                        |        | 6,123 |   |   |   | 7,368 |   |   |   | 7,699 |   |   |   | 8,368 |   |   |   | 29,558 |   |
| Gross margin                        |        | 23.2 | % |   |   | 25.0 | % |   |   | 26.1 | % |   |   | 28.9 | % |   |   | 25.9 | % |
| Net income (loss)                   |        | (2,477 | ) |   |   | (930 | ) |   |   | (179 | ) |   |   | 303 |   |   |   | (3,283 | ) |
| Net income (loss) per diluted share |        | (0.09 | ) |   |   | (0.03 | ) |   |   | (0.01 | ) |   |   | 0.01 |   |   |   | (0.12 | ) |
|                                |
|                                | Fiscal 2010 |
|                                | First       |   | Second |   | Third |   | Fourth |   |   |   |   |
|                                | Quarter     |   | Quarter |   | Quarter |   | Quarter |   | Total |
| Revenues                            | $           |      23,000 |   |   | $ |      23,940 |   |   | $ |      30,692 |   |   | $ |      34,481 |   |   | $ |      112,113 |   |
| Gross profit                        |        | 4,707 |   |   |   | 4,804 |   |   |   | 5,897 |   |   |   | 6,982 |   |   |   | 22,390 |   |
| Gross margin                        |        | 20.5 | % |   |   | 20.1 | % |   |   | 19.2 | % |   |   | 20.2 | % |   |   | 20.0 | % |
| Net loss                            |        | (3,957 | ) |   |   | (4,243 | ) |   |   | (1,319 | ) |   |   | (1,332 | ) |   |   | (10,851 | ) |
| Net loss per diluted share          |        | (0.16 | ) |   |   | (0.17 | ) |   |   | (0.05 | ) |   |   | (0.05 | ) |   |   | (0.43 | ) |

| ITEM 9.  | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE |
|---------------|--------------------------------------------------------------------------------------|

----

|         | • |         | Richard Gold    |             | Chief Executive Officer                 |
|--------------------------------------------|---------|--------------------------------------------|-----------------|--------------------------------------------------------------------|-----------------------------------------|
|                                       |    |                                       |            |                                                               |                                    |
|                                       | • |                                       | Michael Burdiek |                                                               | President and Chief Operating Officer   |
|                                       |    |                                       |            |                                                               |                                    |
|                                       | • |                                       | Richard Vitelle |                                                               | Vice President Finance, Chief Financial |
|                                       |    |                                       |            |                                                               | Officer and Corporate Secretary         |
|                                       |    |                                       |            |                                                               |                                    |
|                                       | • |                                       | Garo Sarkissian |                                                               | Vice President Corporate Development    |

- Information regarding directors of the Company who are standing for reelection.     
- Information regarding the Company's Audit Committee and designated "audit committee financial experts".     
- Information on the Company's "Code of Business Conduct and Ethics" for directors, officers and employees. 

----

| ITEM 12.  | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS |
|----------------|------------------------------------------------------------------------------------------------|

| ITEM 13.  | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE |
|----------------|---------------------------------------------------------------------------|

|      | 1.  | The following consolidated financial statements of CalAmp Corp. and subsidiaries are filed as part of this report under Item 8 – Financial Statements and Supplementary Data: |
|--------------------------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                        | Form 10-K |
|-------------------------------------------------------------|-----------|
|                                                        | Page No.  |
| Report of Independent Registered Public Accounting Firm     | 25        |
|                                                        |      |
| Consolidated Balance Sheets                                 | 26        |
|                                                        |      |
| Consolidated Statements of Operations                       | 27        |
|                                                        |      |
| Consolidated Statements of Stockholders' Equity             |      |
|        and Comprehensive Loss | 28        |
|                                                        |      |
| Consolidated Statements of Cash Flows                       | 29        |
|                                                        |      |
| Notes to Consolidated Financial Statements                  | 30        |

|      | 2.  | Financial Statements Schedules: |
|--------------------------|----------|---------------------------------|

----

| Exhibit |                      |                                                                                                                                                                                                                                                                                                                 |
|---------|---------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Number  |       | Description                                                                                                                                                                                                                                                                                                          |   |
| 3.1     |                      | Amended and Restated Certificate of Incorporation reflecting the change in the Company's name to CalAmp Corp. and the increase in authorized common stock from 30 million to 40 million shares (incorporated by reference to Exhibit 3.1 of the Company's Report on Form 10-Q for the period ended August 31, 2004). |
|    |
| 3.2     |                      | Bylaws of the Company (incorporated by reference to Exhibit 3.2 of the Company's Annual Report on Form 10-K for the year ended February 28, 2005).                                                                                                                                                                   |
|    |
| 4.1     |                      | Amended and Restated Rights Agreement, amended and restated as of September 5, 2001, by and between Registrant and Mellon Investor Services LLC, as Rights Agent (incorporated by reference to Exhibit 4.1 filed with Company's Annual Report on Form 10-K for the year ended February 28, 2007).                    |
|    |
| 10.     |                      | Material Contracts:                                                                                                                                                                                                                                                                                                  |
|    |
|    |                      | (i)     Other than Compensatory Plan or Arrangements:                                                                                                                                                                                                                                            |
|    |
| 10.1    |                      | Building lease dated June 10, 2003 between the Company and Sunbelt Enterprises for a facility in Oxnard, California (incorporated by reference to Exhibit 10-1 filed with the Company's Report on Form 10-Q for the quarter ended May 31, 2003).                                                                     |
|    |
| 10.2    |                      | First Amendment to building lease dated December 20, 2010 between the Company and Sunbelt Enterprises for a facility in Oxnard, California.                                                                                                                                                                          |
|    |
| 10.3    |                      | Form of Directors and Officers Indemnity Agreement (incorporated by reference to Exhibit 10.3 of the Company's Annual Report on Form 10-K for the year ended February 28, 2005).                                                                                                                                     |
|    |
| 10.4    |                      | Settlement Agreement, dated December 14, 2007, by and between CalAmp Corp. and EchoStar Technologies Corporation (incorporated by reference to Exhibit 10.1 filed with the Company's Current Report on Form 8-K dated December 14, 2007).                                                                            |
|    |
| 10.5    |                      | Loan and Security Agreement dated December 22, 2009 between Square 1 Bank, CalAmp Corp. and CalAmp's domestic subsidiaries (incorporated by reference to Exhibit 10.1 filed with the Company's Current Report on Form 8-K dated December 22, 2009).                                                                  |
|    |                      |                                                                                                                                                                                                                                                                                                                 |
| 10.6    |                      | Subordinated Note and Warrant Purchase Agreement dated December 22, 2009 between CalAmp Corp. and nine investors (incorporated by reference to Exhibit 10.2 filed with the Company's Current Report on Form 8-K dated December 22, 2009).                                                                            |
|    |
| 10.7    |                      | Joinder Agreement dated January 15, 2010 between CalAmp Corp. and six investors (incorporated by reference to Exhibit 10.1 filed with the Company's Current Report on Form 8-K dated January 15, 2010).                                                                                                              |
|    |
| 10.8    |                      | Amendment to Loan Documents dated March 24, 2010 between Square 1 Bank, CalAmp Corp. and CalAmp's domestic subsidiaries (incorporated by reference to Exhibit 10.7 of the Company's Annual Report on Form 10-K for the year ended February 28, 2010).                                                                |

----

|                     | 10.9                                                                                                                                                                                        |                | Amendment to Loan Documents dated December 22, 2010 between Square 1 Bank, CalAmp Corp. and CalAmp’s domestic subsidiaries (incorporated by reference to Exhibit 10.1 of the Company's Report on Form 10-Q for the period ended November 30, 2010).                                          |
|--------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                     |                                                                                                                                                                                        |                |                                                                                                                                                                                                                                                                                               |   |
|                     |                                                                                                                                                                                        |                | (ii)                                                                                                                                                                                                                                                                           | Compensatory Plans or Arrangements required to be filed as Exhibits to this Report pursuant to Item 15 (b) of this Report: |
|                     |
|                     | 10.10                                                                                                                                                                                       |      | The 1999 Stock Option Plan (incorporated by reference to Exhibit 4.1 of the Company's Registration Statement No. 333-93097 on Form S-8)                                                                                                                                                            |
|                     |
|                     | 10.11                                                                                                                                                                                       |                | CalAmp Corp. 2004 Stock Incentive Plan as amended and Restated (incorporated by reference to Exhibit A of the Company's Definitive Proxy Statement filed on June 24, 2009).                                                                                                                        |
|                     |
|                     | 10.12                                                                                                                                                                                       |                | Employment Agreement between the Company and Richard Vitelle dated May 31, 2002 (incorporated by reference to Exhibit 10.9 of the Company's Annual Report on Form 10-K for the year ended February 28, 2004).                                                                                      |
|                     |
|                     | 10.13                                                                                                                                                                                       |                | Employment Agreement between the Company and Michael Burdiek dated July 2, 2007 (incorporated by reference to Exhibit 10.1 of the Company's Report on Form 10-Q for the period ended May 31, 2007).                                                                                                |
|                     |
|                     | 10.14                                                                                                                                                                                       |                | Employment Agreement between the Company and Garo Sarkissian dated July 2, 2007 (incorporated by reference to Exhibit 10.2 of the Company's Report on Form 10-Q for the period ended May 31, 2007).                                                                                                |
|                     |
|                     | 10.15                                                                                                                                                                                       |                | Employment Agreement between the Company and Richard Gold, effective March 4, 2008 (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K dated March 4, 2008).                                                                                                    |
|                     |
|                     | 10.16                                                                                                                                                                                       |                | Form of Amendment to Employment Agreement dated December 19, 2008, for each of the executive officers: Richard Gold, Michael Burdiek, Richard Vitelle and Garo Sarkissian (incorporated by reference to Exhibit 10.1 of the Company's Report on Form 10-Q for the period ended November 29, 2008). |
|                     |
|                     | 10.17                                                                                                                                                                                       |                | Second Amendment to Employment Agreement dated May 11, 2009 between the Company and Richard Gold (incorporated by reference to Exhibit 10.24 of the Company's Annual Report on Form 10-K for the year ended February 28, 2009)                                                                     |
|                |
|                     | 21                                                                                                                                                                                          |                | Subsidiaries of the Registrant.                                                                                                                                                                                                                                                                    |
|                     |
|                     | 23.1                                                                                                                                                                                        |                | Consent of Independent Registered Public Accounting Firm.                                                                                                                                                                                                                                          |
|                     |
|                     | 31.1                                                                                                                                                                                        |                | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                |
|                     |
|                     | 31.2                                                                                                                                                                                        |                | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                |
|                     |
|      | 32                                                                                                                                                                                          |                | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                    |
|                     |
| (b)                 | Each management contract or compensatory plan or arrangement required to be filed as an exhibit to this form is filed as part of Item 15(a)(3)Exhibits and specifically identified as such. |
|                     |
| (c)                      | Other Financial Statement Schedules. None                                                                                                                                                   |

----

|   | CALAMP CORP. |
|--------|--------------|
|   |         |   |
|   | By:     | /s/ Richard Gold |   |
|   |         | Richard Gold |
|   |         | Chief Executive Officer |

| Signature            |            | Title                                                                         |       | Date           |
|----------------------|--------------------------------------------------------------|-------------------------------------------------------------------------------|--------------------------------|----------------|
|                 |
| /s/ Frank Perna, Jr. |                                                         | Chairman of the Board of Directors                                            |                           | April 26, 2011 |
| Frank Perna, Jr.     |                                                         |                                                                          |                           |           |
|                 |
| /s/ Kimberly Alexy   |                                                         | Director                                                                      |                           | April 26, 2011 |
| Kimberly Alexy       |                                                         |                                                                          |                           |           |
|                 |
| /s/ A.J. Moyer       |                                                         | Director                                                                      |                           | April 26, 2011 |
| A.J. Moyer           |                                                         |                                                                          |                           |           |
|                 |
| /s/ Thomas Pardun    |                                                         | Director                                                                      |                           | April 26, 2011 |
| Thomas Pardun        |                                                         |                                                                          |                           |           |
|                 |
| /s/ Larry Wolfe      |                                                         | Director                                                                      |                           | April 26, 2011 |
| Larry Wolfe          |                                                         |                                                                          |                           |           |
|                 |
| /s/ Richard Gold     |                                                         | Chief Executive Officer and                                                   |                           |           |
| Richard Gold         |                                                         |        Director (principal executive officer)   |                           | April 26, 2011 |
|                 |
| /s/ Richard Vitelle  |                                                         | VP Finance, Chief Financial Officer and                                       |                           |           |
| Richard Vitelle      |                                                         |        Treasurer (principal accounting officer) |                           | April 26, 2011 |

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