Modus and Novatel Wireless Bring Latest Generation On Board Diagnostics Solution to Insurance Telematics Customers Worldwide
September 03 2014 - 8:00AM
Business Wire
New Novatel Wireless MT 3060 Provides
Flexibility, Scalability and Open Architecture in One
Cost-Effective Package
Modus™, a world leading end-to-end insurance telematics
solution provider, today announced that it will provide the Novatel
Wireless MT 3060, the insurance telematics industry’s most advanced
and competitively priced OBD II telematics solutions currently
available, to Modus customers worldwide. With the new offering,
Modus now offers customers a compelling, scalable growing product
line of best-in-class mobile tracking devices at an attractive
price point.
As interest in insurance telematics solutions expands from both
insurers and those they insure, the role of aftermarket OnBoard
Diagnostics solutions cannot be underestimated as a gating factor
for industry growth. In fact, the number of subscribers to OnBoard
Diagnostics (OBD) aftermarket telematics solutions is expected to
increase from 9.5 million in 2014 to 117.8 million in 2019
according to a recent ABI report.
"The MT 3060 is the most advanced, flexible telematics offering
available on a global scale," said Joe Peterson, Senior Vice
President, Worldwide Sales for Novatel Wireless. "We packed
a lot of industry must-haves into this next generation device and
it is built on our award-winning MiFi platform of ultra reliability
and usability. Our partnership with Modus demonstrates our
continued commitment to offer cutting edge technology in a simple
form factor at a price point that makes it palatable for UBI
customers around the world to adopt. We are very excited to deliver
another solution that simplifies the Internet of Things."
Designed to simplify integration, use and management, the MT
3060 mobile tracking device is a plug-and-play, self-installed
solution that can be deployed in minutes by any driver, providing a
wealth of diagnostic, maintenance and driving performance
information to power commercial and consumer telematics
services.
The device collects and controls critical data from the
vehicle's on-board diagnostics (OBD-II) port and securely delivers
that information to the cloud, supporting all five engine OBD-II
protocols. MT 3060 features and exclusive on board crash detection
technology, dual accelerometer, and a highly sensitive 3-axis
accelerometer for measuring driver behavior, parallel GPS/GNSS
satellite location capability and sophisticated technology for
impact detection.
This capability enables the MT 3060 to detect driver behaviors,
such as vehicle speed, location, hard braking, cornering and impact
data, necessary for UBI policy rating, FNOL, reducing future claims
and other consumer telematics services. The MT 3060 further
optimizes performance with an innovative antenna design and
disconnect alert feature using an on-board backup battery.
“Novatel Wireless is pioneering the Internet of Things,
connecting devices of all kinds to enhance usability, productivity
and safety across categories,” said Brandon Johnson, CEO of Modus.
“Incorporating their latest technology into our suite of solutions
for customers opens up a world of possibilities for us and our
partners. The speed of implementation and ability to build
customized solutions, even to the point of adding algorithms to the
Novatel Wireless devices themselves, enhances our capabilities
exponentially.”
About Novatel Wireless
Novatel Wireless, Inc. is a leader in the design and development
of M2M wireless solutions based on 2G, 3G and 4G technologies. The
Company delivers Internet of Things (IoT) and Cloud SAAS services
to carriers, distributors, retailers, OEMs and vertical markets
worldwide. Product lines include MiFi® Intelligent Mobile Hotspots,
Ovation™ USB modems, Expedite® embedded modules, Mobile Tracking
Solutions, Asset Tracking Solutions, and Enabler smart M2M modules.
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 http://www.nvtl.com.
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) 2014 Novatel Wireless, Inc. All rights reserved. The Novatel
Wireless name and logo, MiFi, are trademarks of Novatel Wireless,
Inc. Other Company, product or service names mentioned herein are
the trademarks of their respective owners
About Modus Group
Since 1999, Modus has been developing wireless solutions,
application development and logistics services to corporate
enterprise, education, public service, and general business
sectors. Since 2008, Modus has been a leading full service provider
of insurance telematics solutions. Modus built the
first UBI product offering on CDMA networks and is one of
the only vendors with national,
commercial UBI deployments across all the major cellular
carriers. Modus is headquartered in Huntington Beach, California.
For more information, see www.modusgo.com or follow
us @GoModus.
For ModusBrandon Johnson,
714-960-3600brandon@mod.usorFor Novatel WirelessAnette
Gaven, 619-993-3058agaven@nvtl.com
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