SAN DIEGO, May 2, 2012 /PRNewswire/ -- 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 announced that they have signed a supply agreement for mobile tracking devices. Under the agreement, Novatel Wireless will supply its MT 3000 device for NexTraq's GPS fleet tracking solution.
The Novatel Wireless MT 3000 is a compelling choice for fleet management providers who are looking for productivity improvements and cost reductions for fleet customers. Unlike wired telematics devices, the innovative plug-and-play device with internal antennas 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. 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 NexTraq's fleet tracking platform offering driver safety and security features that provide customers with a tool to mitigate risk and liability. With Speed Alert functionality, fleet managers know immediately when a driver is speeding or being overly aggressive. NexTraq's fleet tracking platform also offers insurance telematics solutions with the potential of providing commercial fleet management customers substantial savings to their insurance premiums."We're thrilled to partner with NexTraq on a new approach to fleet tracking solutions," says Tyson King, VP of Sales for M2M Integrated Solutions, Novatel Wireless. "NexTraq is a pioneer in bringing the benefits of simple install and UBI capabilities to enterprises and fleet managers, and we're excited to be part of their innovative offering." "We are constantly looking for ways to lower the barrier for adopting GPS fleet management solutions," says Mike Scarbrough, CEO of NexTraq. "Partnering with Novatel Wireless to supply simple-to-install devices allows us to offer a solution with greatly reduced installation costs thereby making it available and affordable to a much wider audience."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts