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.
Copyright Business Wire 2013