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Numerex Introduces AccelaView(TM)
New telematics service offers comprehensive vehicle intelligence
ATLANTA, Sept. 13 -- Numerex Corp. (NASDAQ:NMRX), a leading single source provider of secure machine-to-machine (M2M) products and services, today unveiled its AccelaView(TM) application to meet the core needs of the insurance industry and other customers. This scalable and customizable telematics platform enables customers to build their own vehicle monitoring programs.
Combining wireless technology with an easy-to-use device, AccelaView enables the design of customized programs to assess driver risk through Numerex FAST(TM), an Open Platform as a Service built for scalable data requirements. With the use of telematics, a wide range of businesses from fleet owners to insurance companies can accurately capture meaningful information from a vehicle to determine driving patterns.
"Based on customer feedback, Numerex proactively developed AccelaView to improve its customers' telematics applications by adding intelligence capabilities to basic tracking," said Stratton Nicolaides, chairman and CEO of Numerex. "This application not only provides a more dynamic way of offering programs for safe drivers, but also taps into the growing demand of 'green' initiatives."
Key features of the AccelaView application include:
-- A driver scorecard based on weighted scoring of such factors as
excessive speed, acceleration, deceleration, nighttime driving, miles
driven and total driving time;
-- Tracking capabilities for the end-user to track vehicle location
anywhere and anytime, if a GPS-enabled device is being used; and
-- Customizable settings to send real-time alerts of vehicle status to
end-users.
In addition to providing the software application, Numerex will assist insurance clients and others with fulfilling the device; selecting the wireless network; and integrating the Numerex FAST application to clients' existing enterprise systems for seamless automation and scaling of the program.
According to the recent ABI Research Cellular M2M Markets Report, traction is increasing for offerings linked to driver characteristics. "Telematics has the potential to be a game changer for consumers becoming increasingly aware of the safety and environmental benefits," said Dominique Bonte, practice director of telematics and navigation at ABI Research. "Not only do programs linked to actual driver behavior offered by insurance companies reward mindful, fuel-conscious drivers with low premiums, but regulators like the 'green' aspect of usage-based insurance products helping reduce emissions, which is quickly becoming a popular feature among drivers in general."
The AccelaView application will be featured at the Insurance Telematics 2010 conference and exhibition in Chicago from Sep. 13-14, 2010, where Rick Burtner, SVP of Numerex and GM of its LBS Group will be participating in a panel discussion around new technologies for the insurance industry. For more information about AccelaView please visit the Numerex booth (#14) at Insurance Telematics 2010.
About Numerex
Numerex Corp (NASDAQ:NMRX) is the single source machine-to-machine (M2M) product and service provider to some of the world's largest organizations delivering the foundational components of device, network, and application, used by its customers in the development of their M2M solutions. Customers typically subscribe to Numerex network and application services that are delivered through its hosted platforms. The Company's offerings and expertise enable its customers to efficiently build reliable and secure solutions that are used to monitor and manage assets remotely whenever and wherever needed, while simplifying and speeding up development and deployment through streamlined business processes and comprehensive integration services. Numerex DNA® offerings include hardware Devices, Network services, and software Applications that are delivered through its Numerex FAST(TM) (Foundation Application Software Technology) platform. Numerex is ISO 27001 information security certified. "Machines Trust Us®" represents the Company's focus on M2M data security, service reliability, and round-the-clock support of its customers' M2M solutions. For additional information, please visit http://www.numerex.com.
Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statements.
Numerex Corp Contact:
Alan Catherall
770 485-2527
Investor Relations Contact:
Seth Potter
646 277-1230
Source: Numerex Corp.
CONTACT: Alan Catherall, Numerex Corp, +1-770-485-2527, Seth Potter,
Investor Relations, +1-646-277-1230
Web Site: http://www.numerex.com/
Numerex Introduces AccelaView(TM)
New telematics service offers comprehensive vehicle intelligence
ATLANTA, Sept. 13 -- Numerex Corp. (NASDAQ:NMRX), a leading single source provider of secure machine-to-machine (M2M) products and services, today unveiled its AccelaView(TM) application to meet the core needs of the insurance industry and other customers. This scalable and customizable telematics platform enables customers to build their own vehicle monitoring programs.
Combining wireless technology with an easy-to-use device, AccelaView enables the design of customized programs to assess driver risk through Numerex FAST(TM), an Open Platform as a Service built for scalable data requirements. With the use of telematics, a wide range of businesses from fleet owners to insurance companies can accurately capture meaningful information from a vehicle to determine driving patterns.
"Based on customer feedback, Numerex proactively developed AccelaView to improve its customers' telematics applications by adding intelligence capabilities to basic tracking," said Stratton Nicolaides, chairman and CEO of Numerex. "This application not only provides a more dynamic way of offering programs for safe drivers, but also taps into the growing demand of 'green' initiatives."
Key features of the AccelaView application include:
-- A driver scorecard based on weighted scoring of such factors as
excessive speed, acceleration, deceleration, nighttime driving, miles
driven and total driving time;
-- Tracking capabilities for the end-user to track vehicle location
anywhere and anytime, if a GPS-enabled device is being used; and
-- Customizable settings to send real-time alerts of vehicle status to
end-users.
In addition to providing the software application, Numerex will assist insurance clients and others with fulfilling the device; selecting the wireless network; and integrating the Numerex FAST application to clients' existing enterprise systems for seamless automation and scaling of the program.
According to the recent ABI Research Cellular M2M Markets Report, traction is increasing for offerings linked to driver characteristics. "Telematics has the potential to be a game changer for consumers becoming increasingly aware of the safety and environmental benefits," said Dominique Bonte, practice director of telematics and navigation at ABI Research. "Not only do programs linked to actual driver behavior offered by insurance companies reward mindful, fuel-conscious drivers with low premiums, but regulators like the 'green' aspect of usage-based insurance products helping reduce emissions, which is quickly becoming a popular feature among drivers in general."
The AccelaView application will be featured at the Insurance Telematics 2010 conference and exhibition in Chicago from Sep. 13-14, 2010, where Rick Burtner, SVP of Numerex and GM of its LBS Group will be participating in a panel discussion around new technologies for the insurance industry. For more information about AccelaView please visit the Numerex booth (#14) at Insurance Telematics 2010.
About Numerex
Numerex Corp (NASDAQ:NMRX) is the single source machine-to-machine (M2M) product and service provider to some of the world's largest organizations delivering the foundational components of device, network, and application, used by its customers in the development of their M2M solutions. Customers typically subscribe to Numerex network and application services that are delivered through its hosted platforms. The Company's offerings and expertise enable its customers to efficiently build reliable and secure solutions that are used to monitor and manage assets remotely whenever and wherever needed, while simplifying and speeding up development and deployment through streamlined business processes and comprehensive integration services. Numerex DNA® offerings include hardware Devices, Network services, and software Applications that are delivered through its Numerex FAST(TM) (Foundation Application Software Technology) platform. Numerex is ISO 27001 information security certified. "Machines Trust Us®" represents the Company's focus on M2M data security, service reliability, and round-the-clock support of its customers' M2M solutions. For additional information, please visit http://www.numerex.com.
Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statements.
Numerex Corp Contact:
Alan Catherall
770 485-2527
Investor Relations Contact:
Seth Potter
646 277-1230
Source: Numerex Corp.
CONTACT: Alan Catherall, Numerex Corp, +1-770-485-2527, Seth Potter,
Investor Relations, +1-646-277-1230
Web Site: http://www.numerex.com/