Increasing Margins Contracts as such are great for increasing margins - adding software apps and data managment to existing customers. Brilliant!!
"This SaaS-based solution becomes a new additional data layer on the Company’s Platform-as-a-Service (PaaS) business model which is centered around wirelessly enabled mobile data collectors that record and analyze video, audio, GPS location and data on the school bus, and becomes the on-board intelligence platform for future applications such as passenger counting, contact tracing and more.
The school district in Wisconsin had previously purchased the PaaS solution for their buses in February 2021 and is now adding the SaaS-based video management software to achieve an advanced comprehensive intelligent video program for their fleet."