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TheStreet Open House

Novatel Wireless Begins Production Shipments Of Its Generation-Skipping MT 3060 Telematics Solution

Novatel Wireless, Inc. (Nasdaq: NVTL), a leading provider of intelligent wireless solutions, today announces that it has begun commercial shipments of its generation-skipping telematics solution – the MT 3060. The MT 3060 is an advanced OBD-II plug-and-play device for commercial and consumer telematics markets.

Novatel Wireless is actively supporting many opportunities at various stages of rolling out commercial and insurance telematics programs, both in the Americas and EMEA, including the previously announced RAC Motoring Services contract in the United Kingdom.

“We're seeing a strong pipeline of opportunities for the MT 3060 and are rapidly responding to the needs of this emerging market segment,” says Joe Peterson, VP of Sales for Novatel Wireless’ M2M business unit. “We’re keenly focused on further growing our opportunity pipeline in both established and new channels, and are very pleased with the market interest we are seeing.”

The MT 3060 is a plug-and-play, self-installed device that can be deployed in minutes by any driver to collect and control critical vehicle data, and securely deliver that information to the cloud. The MT 3060 simply inserts into the OBD-II port of a vehicle, without taking a vehicle out of service. It avoids costly and timely professional installations, and allows for scalable application platforms, provisioning and customer service models in the commercial telematics and consumer telematics markets. It also supports all five vehicle engine OBD-II protocols. So no matter the application --- fleet management, usage-based insurance, or driver behavior management – or the region of the world, the MT 3060 is the ideal option for customers charged with lowering upfront telematics costs while improving safety and productivity.

The MT 3060 boasts a highly sensitive 1000 Hz sampling 3-axis accelerometer and GPS along with advanced technology for accurate impact detection -- enabling it to detect driver behaviors such as vehicle speed, location, hard braking, cornering and acceleration. The MT 3060 further optimizes network connectivity performance by a high efficiency innovative antenna design and disconnect alert feature using an on-board backup battery.

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