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TheStreet Open House

Novatel Wireless Signs Supply Agreement With DigiCore For Its Advanced MT 3060 OBD II Telematics Device

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.

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