Spireon’s Automotive Solutions Group Announces New Affiliation with Sprint and CU Solutions Group

  Spireon’s Automotive Solutions Group Announces New Affiliation with Sprint
  and CU Solutions Group

 Automotive Collateral Management solution developed and designed exclusively
     for Credit Union Members, and now certified to operate on the Sprint
                            nationwide 3G network

Business Wire

IRVINE, Calif. & OVERLAND PARK, Kan. -- March 18, 2014

Spireon, the leading provider of Mobile Resource Management (MRM) and business
intelligence solutions used by companies to maximize their mobile assets and
workforce, announces an exciting new collaboration between the company’s
Automotive Solutions Group, Sprint (NYSE:S) and CU Solutions Group (CUSG).

CUSG is a leading industry organization offering credit unions nationwide
innovative solutions for improving their business operations, efficiencies and
member services. CUSG has added Spireon’s LoanPlus CMS (collateral management
system) to its arsenal of solutions for credit unions looking to serve a
broader range of members with automotive loans while reducing their risk.

Spireon’s LoanPlus CMS is a GPS-based collateral management system that allows
credit unions to capture a wealth of real-time data about their automotive
collateral’s location, movement and status, then leverage this data to improve
member services, collateral management and collections. The latest generation
of LoanPlus CMS runs on the Sprint 3G nationwide network – and has been
recognized as “Best Automotive Collateral Management Platform” in the M2M
category during the 2014 Consumer Electronics Show (CES). Boasting a total
subscriber base of more than 1.7 million, Spireon brings a proven technology
to team with Sprint’s leading telecommunications solutions.

“This cooperative relationship between leaders in three industries –
telematics, credit unions and telecommunications – offers unique advantages
for credit union customers,” says Brad Jarvis, Spireon chief marketing officer
and executive vice president of Products. “CUSG will now be able to bring
their credit union partners powerful, easy-to-use technology for tracking
vehicles, managing collateral and reducing risk while extending loans to more
members, including those with credit challenges.”

“With this new affiliation, CUSG can expand our offerings for credit unions to
help them grow their auto lending business and better serve their members,”
says Dave Adams, CEO at CUSG. “We are excited to bring our credit union
members a powerful and proven telematics solution that will help them meet
their automotive lending objectives.”

Sprint has played a key role in facilitating a new three-way alliance that
increases a credit union's ability to lend in the non-prime auto loan market.
CUSG and Spireon introduced LoanPlus CMS on the Sprint Now Network, leveraging
the best in connectivity, marketing and sales in a nationwide partnership.
LoanPlus CMS is available today from Sprint and Spireon and is available to
credit unions exclusively through CU Solutions Group.

“Sprint’s long-standing relationship with credit unions and CUSG has provided
tremendous value to credit union members,” says Brian Miller, Sprint regional
vice president at Sprint. “This expanded affiliation with CUSG and Spireon
builds on our track record of bringing innovative solutions to credit unions
across America.”

The 10^th generation LoanPlus CMS operates on the Sprint 3G network and is
CDMA-enabled. This ensures that credit unions will remain connected to their
automotive data during the term of their loans.

“Now with Sprint and our CDMA-enabled LoanPlus CMS solutions, we bring a whole
new dimension of acquiring, servicing and managing the risk of auto loans for
CUSG’s credit union partners,” said David Meyer, executive vice president of
Spireon’s Automotive Solutions Group. “This was evident, as we received an
overwhelming response during the Credit Union National Association’s
Governmental Affairs Conference last month. In addition to being able to now
serve more of their credit union members, everyone will see a brighter future
as the technology this partnership is bringing has future-ready built in.”

To learn more about the CDMA LoanPlus CMS running on the Sprint 3G Network,
visit http://www.cusolutionsgroup.com/LoanPlusCMS.

About CU Solutions Group

CU Solutions Group serves the credit union industry by offering essential
solutions in five key areas: marketing, technology, membership enhancements,
performance management and lending & insurance. It was formed out of the
combination of CU Village and HRN Management Group, and is owned by hundreds
of investors made up of leagues, credit unions and credit union system
organizations. Learn more at www.cusolutionsgroup.com,
www.facebook.com/CUSolGroup or www.twitter.com/CUSolGroup.

About Sprint

Sprint (NYSE: S) offers a comprehensive range of wireless and wireline
communications  services bringing the freedom of mobility to consumers,
businesses and government users. Sprint served more than 55 million customers
at the end of 2013 and is widely recognized for developing, engineering and
deploying innovative technologies, including the first wireless 4G service
from a national carrier in the United States; leading prepaid brands including
Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and
international push-to-talk capabilities; and a global Tier 1 Internet
backbone. The American Customer Satisfaction Index rated Sprint as the most
improved company in customer satisfaction, across all 47 industries, during
the last five years. Sprint has been named to the Dow Jones Sustainability
Index (DJSI) North America in 2011, 2012 and 2013. You can learn more and
visit Sprint at www.sprint.com or www.facebook.com/sprint and 
www.twitter.com/sprint.

About Spireon

Spireon, Inc., is at the summit of business intelligence and committed to
going higher. With its corporate headquarters in Irvine, CA, the company
emerged in 2011 as the industry leading Mobile Resource Management (MRM)
company as a result of the merger of ProconGPS, Inc. with EnfoTrace and PFS,
LLC, the top three providers in the MRM space. Spireon connects companies to
their mobile assets and workforce through game changing information platforms,
giving them the power to manage actionable business intelligence. Its trusted
brands include market share leader GoldStar GPS®, EnfoTrace GPS™,
FleetLocate®, VehiclePath™ and LoanPlus CMS™. Inspiring companies to reach new
heights with powerful Software-as-a-Service (SaaS) based tools; Spireon
provides a sturdy foundation on which to optimize performance.

With leading market positions in the fleet, transportation and automotive
telematics markets, Spireon, Inc. specializes in developing strong business
relationships with leading companies worldwide, enabling it to offer
affordable world-class risk mitigation, mobile resource management and
location based services to its customers.

For additional information, please visit Spireon Inc.’s website
http://www.spireon.com and Twitter.com/Spireon.

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Contact:

Sprint
Caroline Semerdjian, 415-684-7314
caroline.semerdjian@sprint.com
or
Spireon
Corinna Tutor, 949-422-7103
ctutor@spireon.com
or
CUSG
Kelley Haynes, 734-793-4259
kelley.haynes@CUSolutionsGroup.com
 
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