Telit Modules Selected by Market Leader Cartrack to Accelerate Global Expansion
February 14 2017 - 8:00AM
Business Wire
Telit cellular and positioning modules enable
Cartrack’s new generation of telematics and wearable devices for
vehicle tracking, fleet management, stolen vehicle recovery and
insurance telematics
Telit, (AIM: TCM) a global enabler of the Internet of
Things (IoT), today announced that telematics industry leader
Cartrack Holdings Ltd. (JSE: CTK) selected Telit’s cellular and
positioning module technology for a new generation of personal and
in-vehicle service devices. Through this partnership, Cartrack will
accelerate global expansion plans by delivering enhanced telematics
services enabled with modules from Telit’s future-proof, globally
certified product line.
Research analysts forecast bullish growth for the entire
telematics industry with a 29% compound annual growth rate over the
next five years (P&S Market Research 2016). The path to
international market development is complex and can be challenging
for many companies that are faced with international compliance
barriers and diverse offerings dependent on cellular and location
based technologies which are constantly evolving.
“Given that the telematics space is so under penetrated and that
Cartrack is undergoing consistent rapid growth in new markets, we
need a strong and reliable component supplier totally committed to
growing with us,” said Zak Calisto, Cartrack, Global CEO. “Our
decision to use Telit modules in the Cartrack technology was based
on the improved connectivity and robust location-based features in
the Telit components. The Cartrack technologies allow fleet owners
to manage and optimize the different vehicle brands and support the
on-going evolution of our portfolio. Now, we will also extend the
reach and meet the demands of new market opportunities, such as the
United States and New Zealand.”
The appointment of Telit as the preferred technology supplier
will enable Cartrack to accelerate expansion with deployment of a
new generation of devices that are smaller, richer in features and
are internationally certified with regulatory bodies and cellular
operators in the company’s target geographies and markets. The new
in-vehicle and personal, wearable devices at the heart of
Cartrack’s innovative services offerings will integrate Telit
cellular modules from the xE866 compact form factor family as well
as SL871 or SE873 multi-constellation positioning receiver modules
that deliver extended reach in difficult areas.
“Cartrack, ranked as a tier one leader in the telematics space,
is entering an exciting period of expansion and leadership and we
are proud to be selected as the technology partner,” said
Tomer Lavie, Telit Vice President, EMEA Sales. “We are committed to
working side by side with the Cartrack’s R&D team now and in
years to come to support its business objectives while unlocking
innovation opportunities, including wearables that are designed to
complement and enhance the overall user experience within in their
target segments.”
About the Selected Telit
Products
The xE866 is the smallest form factor in the Telit cellular
module portfolio. It includes miniaturized cellular modules ranging
from 2G to 3G and 4G with a maximum footprint of less than 400
square millimeters all featuring low-power modes and high radio
performance.
The SE873 is Telit's smallest flash-based GNSS module. The
diminutive 7x7mm footprint makes it ideal for small tracking
applications including wearables and battery-life sensitive
applications like, personal trackers, bike trackers and OBD
dongles. Bundled with the xE866 cellular family, the SE873 offers
the market smallest Cellular+GNSS bundle.
The SL871 GNSS module offers best in class power consumption and
excellent navigation capability in the industry standard 10.1 x
9.7mm footprint. Compliant with GPS, GLONASS, Compass and
Beidou.
About Cartrack
Cartrack is a world-class provider of fleet, mobile asset and
workforce management solutions underpinned by real-time actionable
business intelligence, delivered as Software-as-a-Service (‘SaaS’),
plus the service of tracking and recovery of stolen vehicles. It
has a well-established extensive footprint in Africa, Europe and
South East Asia and has more recently opened operations in America
and New Zealand. Cartrack vehicle tracking and recovery combats
vehicle theft in countries where the crime is prevalent. The
company was the first in the world to offer a cash back recovery
warranty for customers in the unlikely event of non-recovery of
monitored stolen vehicles and boast an industry leading audited
recovery rate of 94% in South Africa.
About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT)
enablement. The company offers the industry’s broadest portfolio of
integrated products and services for end-to-end IoT deployments –
including cellular communication modules in all technologies, GNSS,
short-to-long range wireless modules, IoT connectivity plans and
IoT platform services. Through the IoT Portal, Telit makes
IoT onboarding easy, reduces risk, time to market, complexity and
costs for asset tracking, remote monitoring and control,
telematics, industrial automation and others, across many
industries and vertical markets worldwide.
Copyright © 2017 Telit Communications PLC. All rights reserved.
Telit and all associated logos are trademarks of Telit
Communications PLC in the United States and other countries. Other
names used herein may be trademarks of their respective owners.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170214005183/en/
TelitLeslie Hart, +1-919-415-1510Leslie.Hart@Telit.com
Telit Communications (LSE:TCM)
Historical Stock Chart
From Apr 2024 to May 2024
Telit Communications (LSE:TCM)
Historical Stock Chart
From May 2023 to May 2024