Novatel Wireless Signs Supply Agreement with DigiCore for Its Advanced MT 3060 OBD II Telematics Device
October 21 2013 - 7:15AM
Business Wire
Novatel Wireless, Inc. (Nasdaq:NVTL), a leading provider of
intelligent wireless solutions, and DigiCore Holdings, Ltd.
(JSE:DGC), a leading provider of advanced machine-to-machine (M2M)
communication and telematics solutions, today announce that Novatel
Wireless will be supplying DigiCore its cellular OBDII devices.
Under the agreement, various versions of Novatel Wireless’ advanced
MT 3060 OBDII platform will be available to DigiCore -- one of the
industry’s most advanced OBDII plug-and-play solutions for both the
commercial and consumer telematics markets. The MT 3060 will be
included by DigiCore in it is Ctrack® telematics solutions and
services offering starting with vehicle usage and driver behavior
monitoring as part of its end to end insurance telematics
offerings.
Novatel Wireless will also license to DigiCore its N4A™ Device
Manager software, and DigiCore has the option to license the N4A™
Communications and Management software platform.
“DigiCore is one of the leading fleet management and vehicle
tracking companies, with key partnerships in insurance telematics,”
says Peter Leparulo, CEO of Novatel Wireless. “We look forward to
working together with DigiCore to integrate their Ctrack software
platform and our OBDII devices to enable a host of telematics
tracking and monitoring capabilities.”
“DigiCore is recognized as a world leading provider of
machine-to-machine telematics solutions, our operations under the
Ctrack brand span six continents, and we are one of the pioneers in
the insurance telematics business,” added Deon du Rand, CTO at
DigiCore, suppliers of Ctrack. “The MT 3060 is the most advanced
OBDII platform we have seen to date, and combined with our onboard
and front-end intellectual property, will provide a new level of
value to our customers. As we have already proven with almost one
billion driver behavioral kilometers analyzed, the use of
telematics in the insurance market will be a growth driver for the
industry, as our insurance customers move towards determining
insurance premiums by taking into account aspects such as driving
behavior, location and time of travel. We are pleased that Novatel
Wireless will be a core part of our telematics offering,” Deon du
Rand continued.
The MT 3060 platform is a plug-and-play, self-installing device
that can be deployed in minutes by any driver. The device simply
inserts into the OBDII port of a vehicle, without taking a vehicle
out of service. The MT 3060 also boasts GPS capability and a highly
sensitive 1000Hz 3-axis accelerometer that is optimized for sensing
high impact driving behavior. The MT 3060 further optimizes
performance by an innovative antenna design and disconnect alert
feature using an on-board backup battery.
Novatel Wireless’ robust M2M software offerings can quickly
build connectivity from Internet Protocol-enabled remote assets to
existing enterprise applications. The N4A™ Communications and
Management software platform provides a complete asset management
user interface that focuses on managing configurations across
multiple usage scenarios. N4A Device Manager is a robust
environment for the management, configuration, self-care and
support of Novatel Wireless M2M devices.
About DigiCore Holdings, Ltd.
With over 28 years of experience, DigiCore is recognized as a
world-leading provider of advanced machine-to-machine (M2M)
communication and telematics solutions; DigiCore adds value to a
global base of Ctrack customers with mobile assets and workforces.
DigiCore was founded in South Africa in 1985 and listed under the
Electronics & Electrical sector on the Johannesburg stock
exchange, JSE Limited, in December 1998 under the share code DGC.
Today’s operations, under the Ctrack brand, span six continents,
with over 1,000 employees and more than 750,000 systems sold.
DigiCore has concluded a number of successful global acquisitions
in recent years, and expanded the group’s strong international
reach into new emerging markets, such as Asia, Africa Australia,
and Latin America. A tradition of technologically superior products
coupled with a proven track record in successfully rolling out and
supporting mega projects worldwide, gives DigiCore a sustainable
competitive advantage.
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. 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, 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 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) 2013 Novatel Wireless, Inc. All rights reserved. The Novatel
Wireless name and logo and N4A are trademarks of Novatel Wireless,
Inc. Other Company, product or service names mentioned herein are
the trademarks of their respective owners.
Novatel Wireless, Media RelationsCharlotte Rubin,
858-812-3431crubin@nvtl.com
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