SAN DIEGO, May 2, 2012 Novatel Wireless, Inc. (NASDAQ: NVTL), a leading provider of intelligent wireless networking solutions, and NexTraq, the value leader of GPS fleet tracking and vehicle management solutions, today announce that a sole supplier agreement for OBDII devices have been signed.
Novatel Wireless will supply its fully certified Mobile Tracking usage-based-insurance (UBI) MT 3000 device for NexTraq¹s GPS fleet tracking solution.
The Novatel Wireless MT 3000 is built for fleet management providers who are driving productivity improvements and cost reductions for fleet customers.
Unlike wired telematics devices, the innovative plug-and-play device with internal antennas and On-Board Diagnostics (OBDII) removes vehicle installation costs and associated vehicle out-of-service time, thereby lowering total up-front costs.
The MT 3000 is part of the Enfora Mobile Tracking portfolio and supports a host of vehicle engine OBDII permitted protocols while still providing customizable The MT 3000 features include GPS location, ignition, geo-fencing, trip reporting and events. It also has built-in threshold events to capture metrics critical to effective fleet and insurance monitoring such as excessive engine speed, rapid acceleration, harsh braking, speed violations, and excessive idling.
The MT 3000 will be a part of NexTraq¹s fleet tracking platform offering driver safety and security features that provide customers with a tool to mitigate risk and liability. With Speed Alert and Posted Speed Alert functionality, fleet managers know immediately when a driver is speeding or being overly aggressive. NexTraq¹s fleet tracking platform also offers insurance telematics solutions with the potential of providing commercial fleet management customers substantial savings to their insurance premiums.
³We¹re thrilled to partner with NexTraq and be part of their UBI and fleet tracking solution,² says Tyson King, VP of Sales for M2M Integrated Solutions, Novatel Wireless. ³NexTraq is leading the way together with national insurance companies to offer UBI solutions for enterprises and fleet managers and we¹re excited to be part of their innovative offering.²
³Our key objective is to improve service revenue and increase fleet productivity for our customers,² says Mike Scarbrough, CEO of NexTraq.
³Partnering with Novatel Wireless to supply the intelligent devices allows us to focus on our core competencies in application development and providing best-in-class and cost-effective end-to-end solutions for our customers.²
Established in 2000, NexTraq provides the highest value GPS fleet tracking solution in the telematics industry. The NexTraq platform is a cloud-based application that enables service and distribution businesses to optimize fleet operations while reducing operational costs and maximizing revenue.
Based in Atlanta, NexTraq customers achieve ROI in as little as one month.
For more information, please visit www.nextraq.com.
About Novatel Wireless
Novatel Wireless, Inc. is a leader in the design and development of intelligent wireless solutions based on 2G, 3G and 4G technologies providing wireless connectivity. The company delivers specialized wireless solutions to carriers, distributors, retailers, OEMs and vertical markets worldwide.
Product lines include MiFi® Intelligent Mobile Hotspots, Ovation USB modems, Expedite® embedded modules, Enfora® smart M2M modules, and Enfora integrated M2M solutions. These innovative products provide anywhere, anytime communications solutions for consumers and enterprises.
Headquartered in San Diego, California, Novatel Wireless is listed on
NASDAQ: NVTL. For more information please visit www.nvtl.com. (NVTLG)
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, new product introductions, continued acceptance of Novatel Wireless' products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Novatel Wireless' filings with the United States Securities and Exchange Commission (available at www.sec.gov) and other regulatory agencies.
(C) 2012 Novatel Wireless, Inc. All rights reserved. The Novatel Wireless name and logo and Enfora are trademarks of Novatel Wireless, Inc. Other Company, product or service names mentioned herein are the trademarks of their respective owners.