Pointer Telocation Announces Win of Israeli Governmental Bid to Monitor Driver
Behavior in Governmental Vehicles
ROSH HA'AYIN, Israel, Oct. 24, 2013
ROSH HA'AYIN, Israel, Oct. 24, 2013 /PRNewswire/ --Pointer Telocation Ltd.
(Nasdaq CM: PNTR) - a leading developer, manufacturer and operator of Mobile
Resource Management (MRM) and roadside assistance services for the automotive
industry, announced that the Pointer IQ System was selected, by the Office of
the Accountant General of the Ministry of Finance, to monitor driver behavior
in up to 2,800 Israeli governmental vehicles. This win is the culmination of a
competitive bidding process which included a pilot program.
The Pointer IQ System monitors driving behavior and interprets vehicle
dynamics and vehicle operation patterns and then calculates safety and ECO
scores (relating to uneconomic and environment-unfriendly driving in terms of
fuel consumption, emission and accelerated wear and tear), providing a driving
profile for each driver.
The Pointer IQ System includes an On-Board trip processing device designed to
improve fleet safety and reduce fleet operation costs. The device is one of a
few systems in the market providing fleet safety and ECO driving solutions.
The system can identify each driver by a driver tag which enables the
differentiation among multiple drivers using the same vehicle. The system
provides on line reports to the control center including driver identity,
driving time, route, speed as well as potential risky and uneconomic
David Mahlab, Pointer's CEO said: "We are happy to win this bid which
illustrates a high degree of confidence by the Israeli Government in the
Pointer IQ System. The Pointer IQ System is one of a number of new
technologies developed and launched by Pointer. To date, we have delivered
several thousand IQ System devices, mainly for pilot programs in a number of
countries and we expect these deliveries to lead to increased commercial sales
in the coming year," concluded Mr. Mahlab.
About Pointer Telocation:
Pointer Telocation is a leading provider of technology and services to the
automotive and insurance industries, offering a set of services including Road
Side Assistance, Stolen Vehicle Recovery and Fleet Management. Pointer has a
growing list of customers and products installed in more than 45 countries.
Cellocator, a Pointer Products Division, is a leading AVL (Automatic Vehicle
Location) solutions provider for stolen vehicle retrieval, fleet management,
car & driver safety, public safety, vehicle security and more. The Company's
top management and the development center are located in the Afek Industrial
Area of Rosh Ha'ayin, Israel.
For more information:http://www.pointer.com
Forward Looking Statements
This press release contains historical information and forward-looking
statements within the meaning of The Private Securities Litigation Reform Act
of 1995 with respect to the business, financial condition and results of
operations of the Company. The words "believe," "expect," "anticipate,"
"intend," "seems," "plan," "aim," "should" and similar expressions are
intended to identify forward-looking statements. Such statements reflect the
current views, assumptions and expectations of the Company with respect to the
proposed acquisition and other future events and are subject to risks and
uncertainties. Many factors could cause the actual results, performance or
achievements of the Company to be materially different from any future
results, performance or achievements that may be expressed or implied by such
forward-looking statements, including, among others, changes in the markets in
which the Company operates and in general economic and business conditions,
loss or gain of key customers and unpredictable sales cycles, competitive
pressures, market acceptance of new products, inability to meet efficiency and
cost reduction objectives, changes in business strategy and various other
factors, both referenced and not referenced in this press release. Various
risks and uncertainties may affect the Company and its results of operations,
as described in reports filed by the Company with the Securities and Exchange
Commission from time to time. The Company does not assume any obligation to
update these forward-looking statements.
Zvi Fried, V.P. and Chief Financial Chen Livne,
Tel.; 972-3-572 Tel: 972-3-607
3111 4717, +972-54-302
E-mail: email@example.com E-mail:
SOURCE Pointer Telocation Ltd.
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