SAN DIEGO--(BUSINESS WIRE)--
Wireless, Inc. (Nasdaq: NVTL), a leading provider of intelligent
wireless solutions, and HIMEX,
a leading provider of Usage Based Insurance (UBI) and smart fleet
management platforms, announced today that they are working together to
jointly provide innovative solutions to the UBI market. HIMEX is
actively integrating the Novatel Wireless family of MT 3060 telematics
devices into the HIMEX 3D World Platform to provide virtual renderings
of telematics information.
Novatel Wireless’ MT 3060 family of platforms is an integrated,
system-level technology solution for commercial and after-market
telematics markets. The plug-and-play, self-installed device easily
inserts into a vehicle’s on-board diagnostics (OBD-II) port,
supporting all five engine OBD-II protocols. The device collects and
controls critical vehicle data and securely delivers that information
to the cloud. It boasts a highly sensitive 3-axis accelerometer for
measuring driver behavior and parallel GPS/GNSS satellite location
capability, and offers sophisticated technology for impact detection.
This ability enables the MT 3060 to detect driver behaviors such as
vehicle speed, location, hard braking, cornering and impact data
necessary for UBI policy rating and other consumer telematics
services. In the event of an accident, the MT 3060 measures the forces
applied to the vehicle to recreate the event in a virtual world.
The HIMEX UBI 3D™ platform offers the industry’s fastest
and most complete means for implementing usage based insurance. The
HIMEX Platform covers the entire UBI value chain of devices,
including: product platform, systems integration, logistics, mobile
applications, data management and analytics. Additionally, the
platform supports the full range of insurance company transactions
from quoting and sales through first notice of loss and claims
settlement. HIMEX has been selected by some of the largest insurance
companies in the United States for deployment of the HIMEX UBI
Hassan Sadiq, chairman and CEO, HIMEX, said, “As a company
founded on innovation and excellence, HIMEX is looking forward to
partnering with Novatel Wireless because of the innovation of its MT
3060 family of telematics products and its expertise in M2M telematics.
UBI applications require reliable access to comprehensive driver
behavior data, and Novatel Wireless has the ability to meet our
customer’s expectations for superior quality and performance.”
Peter Leparulo, CEO, Novatel Wireless, said, “Launching a UBI
product is a significant commitment for insurers. HIMEX provides a
complete, end-to-end UBI solution to insurance companies with a platform
that creates a high level of engagement by end users. We’re very pleased
to be collaborating with HIMEX in this growing market.”
HIMEX offers the shortest, fastest and most complete route to the
immediate benefits of usage-based insurance and smart fleet management.
Leveraging its unique platform, HIMEX uses a game-based virtual world to
enable carriers to create fun, engaging customer experiences that change
driving behavior, attract new customers and increase retention. Founded
in 2010, HIMEX is a privately-held company with headquarters in
Scottsdale, AZ and offices in London. For more information, please visit www.himexubi.com.
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.
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) 2014 Novatel Wireless, Inc. All rights reserved. The Novatel
Wireless name and logo, N4A, are trademarks of Novatel Wireless, Inc.
Other Company, product or service names mentioned herein are the
trademarks of their respective owners.
Cara Sloman, +1-831-440-2411
Source: Novatel Wireless, Inc.