ATLANTA, (BUSINESS WIRE) — Hughes Telematics, Inc., a leader in providing next generation connected solutions, today announced that it has secured client relationships with three industry leaders, including two Fortune 100 companies, for its In-Drive aftermarket solution. As a self-installed solution, In-Drive’s portfolio of services ranges from emergency response and family monitoring services to diagnostics and driver behavior data services. In-Drive was designed with the flexibility to provide connected services across multiple industries. The new clients include leading companies from the automotive insurance, motor and travel assistance and financial services industries.
For insurance companies, In-Drive’s comprehensive set of services offers value to the insurer as well as the end consumer. In-Drive’s Automotive Data Services have been designed to provide the benefits of vehicle data services, as well as enhanced safety and security features and detailed vehicle information for consumers. Insurance companies can access information that delivers premium savings opportunities for participating customers while also reducing risk at the policy underwriting level. Through in-Drive’s services, insurance companies can improve the quality of their customer relationships by providing information that can enhance driver safety and assist with vehicle diagnostics. These differentiating services are expected to facilitate the acquisition and retention of customers.
For large membership based organizations providing travel-related services, In-Drive’s connected services enhance the peace of mind already provided through club membership. With in-vehicle access to important safety, security and vehicle health services, In-Drive not only builds membership value with each mile spent behind the wheel, it helps organizations strengthen member relationships.
A new In-Drive client in the financial services area is expected to benefit from the utilization of the extensive amount of data that can be extracted from the vehicle. The client intends to leverage the self-install feature of In-Drive to increase vehicle deployment efficiency, thereby enhancing the return on investment for its clients. The immediate benefit to this financial services company is In-Drive’s comprehensive data services, which will allow it and its end customers to realize significant cost savings.
“Leveraging our flexible telematics architecture and systems, In-Drive offers a unique self-install advantage making it simple and intuitive for the end user, while also providing valuable services and data to our customers and partners,” said Jeff Leddy, chief executive officer. “These three new clients have a very clear vision of how In-Drive can benefit both their business and, more importantly, provide value to their customers.”
These customers are expected to announce details of their unique services as they approach market launch.
Hughes Telematics, Inc. (“HTI”) (OTCBB: HUTC and HUTCW) is a leader in implementing the next generation of connected services. The company offers a portfolio of location-based services for consumers, manufacturers, fleets and dealers through two-way wireless connectivity. In-Drive, HTI’s aftermarket solution, offers safety, security, convenience, maintenance and data services. Networkfleet, Inc., a wholly owned subsidiary of HTI located in San Diego, Ca., offers remote vehicle diagnostics, an integrated GPS tracking and emissions monitoring system for wireless fleet vehicle management. A majority owned subsidiary of HTI, Lifecomm, located in Atlanta, Ga., plans to offer mobile personal emergency response services through a wearable lightweight device with one-touch access to emergency assistance. Additional information about HTI can be found at www.hughestelematics.com.
This document contains certain forward-looking statements about Hughes Telematics, Inc. and its In-Drive solution that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, but are not limited to, the risks associated with final testing and deployment of certain In-Drive products and services, potential issues impacting timing of delivery, the timing of the initiation, progress or cancellation of particular contracts or arrangements, client and end-customer demand for In-Drive’s products and services the mix and timing of services sold in a particular period and the possibility that we may be adversely affected by other economic, business, and/or competitive factors. Hughes Telematics cautions that the foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in our most recent filings with the SEC. We are under no duty to update any of the forward-looking statements after the date of this document to conform to actual results.
SOURCE: Hughes Telematics, Inc.
For Hughes Telematics Andrew Saluke 770-649-0880, Ext 307 Office 770-329-1479 Mobile