National Taxi Union to install over 100,000 taxis with Ctrack SaaS
Solutions
SAN DIEGO & JOHANNESBURG--(BUSINESS WIRE)--
Novatel Wireless, Inc. (Nasdaq:MIFI), a leading global provider of
solutions for the Internet of Things (IoT), including
software-as-a-service (SaaS), today announced that it has signed a
partnership with the Cameroon National Taxi Union to provide Ctrack
vehicle tracking and driver behavior monitoring to the taxi industry in
the Republic of Cameroon.
Taxis are the primary mode of transportation across the African
continent. In Cameroon alone, taxis transport over 8 million commuters
daily. The agreement is the country's first step towards implementing
legislation that will mandate all Cameroon taxi operators to have
vehicle tracking units installed in their vehicles.
"Ctrack shares our commitment of creating safer roads for all and it
shows through the quality of their technology and analytics," said
Augustin Ngangoua, National President of the Cameroon National Taxi
Union. "This initiative will not only improve the safety of drivers and
passengers, but also other road users and the public in general. Through
Ctrack's commitment, we will engage in talks with the Transport Ministry
to enforce the installation of GPS tracking units into all taxis."
"Ctrack is proud to have won this very competitive bid, which helps
solidify our position as a premier global telematics provider," said
Cobus Grove, General Manager, Ctrack Global. "With our advanced
telematics offering and technical capability, we managed to meet the
client's business expectations and overall business objectives with
driver and passenger safety at the heart of the solution."
The multi-year agreement will enable the government of Cameroon to
provide GPS vehicle tracking, safety and compliance solutions to its
more than 100,000 taxis currently operating on the country's roads.
About Novatel Wireless
Novatel Wireless, Inc. (Nasdaq:MIFI) is a leading global provider of
software-as-a-service (SaaS) and solutions for the Internet of Things
(IoT). Novatel Wireless sells its telematics solutions under the Ctrack
brand, including its fleet management, asset tracking & monitoring,
stolen vehicle recovery, and usage-based insurance platforms. The
Company also sells business connectivity solutions and device management
services through Feeney Wireless ("FW"). Novatel Wireless has over 30
years of experience providing customers with secure and insightful
solutions and analytics, with approximately 557,000 global subscribers,
including 172,000 fleet management subscribers. Novatel Wireless, Inc.
is headquartered in San Diego, California.www.novatelwireless.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to a variety
of matters, including, without limitation, statements related to the
ability of Novatel Wireless to expand its addressable markets and drive
growth in service revenue and broaden its customer base as a result of
the acquisition of DigiCore, and other statements that are not purely
statements of historical fact. These forward-looking statements are made
on the basis of the current beliefs, expectations and assumptions of the
management of Novatel Wireless and are subject to significant risks and
uncertainty. Investors are cautioned not to place undue reliance on any
such forward-looking statements. All such forward-looking statements
speak only as of the date they are made, and Novatel Wireless undertakes
no obligation to update or revise these statements, whether as a result
of new information, future events or otherwise. These forward-looking
statements also involve many risks and uncertainties that may cause
actual results to differ materially from what may be expressed or
implied in these forward-looking statements. These factors include risks
relating to technological changes, new product introductions, continued
acceptance of Novatel Wireless' products and dependence on intellectual
property rights, changes in foreign currency exchange rates, and
extended sales cycles. For a further discussion of risks and
uncertainties that could cause actual results to differ from those
expressed in these forward-looking statements, as well as risks relating
to the business of Novatel Wireless in general, see the risk disclosures
in the Annual Report on Form 10-K of Novatel Wireless for the year
ended December 31, 2015, and in other filings made with the SEC by
Novatel Wireless (available at www.sec.gov).
View source version on businesswire.com: http://www.businesswire.com/news/home/20161026005403/en/
For Novatel Wireless
Anette Gaven, 619.993.3058
agaven@nvtl.com
Source: Novatel Wireless, Inc.
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