inthinc Expansion Continues as Revenue Growth Exceeds 85 Percent Over
inthinc Rapidly Expanding to Prepare for International Boom in
SALT LAKE CITY, UT -- (Marketwire) -- 01/17/13 -- inthinc Technology
Solutions Inc., a global provider of telematics, fleet management and
driver safety solutions, celebrated another successful year of
innovation and growth.
Named one of America's Fastest Growing Companies by Inc. Magazine for
the third year in a row in 2012, inthinc has continued its
substantial success by helping customers reduce accidents, save
millions of dollars in fleet operational costs and comply with
federal commercial carrier regulations. Built on strong results from
existing customers, inthinc increased year-over-year revenue by 85
percent in 2012 from 2010, adding national and multi-national
corporations to its community. inthinc expanded its reach
internationally -- now used in 17 different countries -- by adding an
operations and support center in La Serena, Chile to meet the growing
demand emerging in South America.
inthinc also expanded its executive leadership with the appointment
of Skip Kinford -- former CEO of mobilEye North America -- as inthinc
Executive Vice President of Global Sales and Customer Services, and
Bruce Huber -- former Senior Director of Safety and Health at Barrick
Gold Corp. -- as Vice President of Mining and Safety.
As a two-time Telematics Update 'Best Aftermarket Device or Solution'
finalist, inthinc continues to add valuable and innovative features
to its product and service offerings that improve fleet safety and
efficiency while lowering operational costs. In August of 2012, it
was announced that Cintas Corp. had successfully reduced vehicle
speeding by 85 percent and vehicle incidents by 46 percent with
inthinc's waySmart(R) Real-time Verbal Coaching technology.
To improve air quality and reduce the amount of wasted gas, inthinc
introduced in-cab verbal coaching idle alerts to its service
offerings. With inthinc customers having reduced idle time by 53
percent on average, inthinc received the Utah Business Magazine
'Green Business Award'.
As the industry leader in fleet safety, management and compliance,
inthinc expanded its thought leadership in 2012. inthinc hosted its
second annual Oil and Gas Fleet Management Forum in Houston,
partnering with Clean Cities Houston and the Texas Department of
Public Safety to address prominent Oil and Gas leaders on fleet
management and efficiency. Additional forums for fleet managers in
all industries were held in Dallas, Las Vegas, Salt Lake City and
Seattle. Due to the success of the forums, inthinc introduced a
monthly online seminar series, showing companies how they can cut
costs, meet compliance standards and improve driver safety.
According to a study conducted by C.J. Driscoll and Associates, Latin
American revenues from vehicle location hardware sales and services
for fleets and consumers are projected to total nearly $2.7 billion
by 2014. With 2013 seen as the tipping point for an international
boom in the telematics industry, inthinc is poised to expand its
success from the past six years. With the existing core of driver
coaching and vehicle performance monitoring -- combined with the open
platform engineered to integrate with other business solutions --
inthinc will be the most advanced fleet management solution in the
industry. With an increasing number of government regulations and a
need for greater fleet efficiency, inthinc is the only solution
capable of solving the diverse driver safety, fleet management and
compliance requirements of all industries.
inthinc is a global company centered on telematics,
fleet management and driver safety solutions. Its breakthrough
technologies are designed to safeguard lives, save money and protect
the environment. inthinc technology has been documented to reduce
accidents by 90 percent, reduce speeding by 86 percent, decrease
maintenance costs by 20 percent and reduce fuel costs. For more
information, please visit http://www.inthinc.com.
801-886-2255 ext. 524
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