Full Featured OBD-II Solution Ideal for Commercial and Consumer M2M
Telematics
SAN DIEGO--(BUSINESS WIRE)--
Novatel
Wireless, Inc. (NASDAQ: NVTL), a leading provider of intelligent
wireless networking solutions, today announced that its MT 3050 device
has received technical approval from Verizon Wireless. The MT 3050 is a
mobile tracking OBD-II device which reduces up-front costs for insurance
telematics and fleet management applications with easy, plug-and-play
installation and industry-leading small form factor. The new MT 3050
also features integrated disconnect alert supported by an in-device
backup battery.
The MT 3050 is an ideal solution for insurance telematics and fleet
management providers who are looking for information on the vehicle,
vehicle location or driver behavior resulting in productivity
improvements and cost reductions for customers. Unlike wired telematics
devices, the innovative plug-and-play device with internal antennas
removes vehicle installation costs and associated vehicle out-of-service
time, thereby lowering total up-front costs.
"The MT 3050 is a versatile mobile tracking device applicable across
numerous market segments such as automotive Insurance, safety/security
and roadside assistance, vehicle servicing, driver behavior management,
and fleet management," said Joe Peterson, Global Sales VP of Novatel
Wireless M2M business. "Regardless of application, our customers are
realizing productivity improvements and cost reductions with fast
time-to-market and easy deployments. We are thrilled to be able to offer
our customers this sophisticated OBD II device — now on the Verizon
Wireless network," Peterson continued.
The MT 3050 features Novatel Wireless' on board rules engine that
supports customer-defined exception-based rules for applications such as
ignition, geo-fencing, trip reporting and other events. It also has
built-in threshold events to capture metrics critical to effective fleet
and insurance monitoring such as excessive engine speed, rapid
acceleration, harsh braking, speed violations, and excessive idling. The
MT 3050 can be coupled with Novatel Wireless' robust N4A Communications
and Management Software platform to monitor, manage and reconfigure
devices remotely from almost anywhere in the world.
Mike Scarbrough, CEO of NexTraq commented: "We are pleased to partner
with both Novatel Wireless and Verizon Wireless to continue to offer our
customers the most comprehensive hardware offering in the telematics
space. As a first-to-market GPS fleet tracking company, it's important
to partner with companies that provide the most innovative solutions."
About Novatel Wireless
Novatel Wireless, Inc. is a leader in the design and development of
intelligent wireless solutions based on 2G, 3G and 4G technologies
providing wireless connectivity. The company delivers specialized
wireless solutions to carriers, distributors, retailers, OEMs and
vertical markets worldwide. Product lines include MiFi® Intelligent
Mobile Hotspots, Ovation™ USB modems, Expedite® embedded modules,
Enfora® smart M2M modules, and Enfora integrated M2M solutions. These
innovative products provide anywhere, anytime communications solutions
for consumers and enterprises. Headquartered in San Diego, California,
Novatel Wireless is listed on NASDAQ: NVTL. For more information please
visit www.nvtl.com.
(NVTLG)
This release may contain forward-looking statements, which are made
pursuant to the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995, as amended to date. These
forward-looking statements involve risks and uncertainties. A number of
important factors could cause actual results to differ materially from
those in the forward-looking statements contained herein. These factors
include risks relating to technological changes, new product
introductions, continued acceptance of Novatel Wireless' products and
dependence on intellectual property rights. These factors, as well as
other factors that could cause actual results to differ materially, are
discussed in more detail in Novatel Wireless' filings with the United
States Securities and Exchange Commission (available at www.sec.gov)
and other regulatory agencies.
(C) 2013 Novatel Wireless, Inc. All rights reserved. The Novatel
Wireless name and logo and Enfora are trademarks of Novatel Wireless,
Inc. Other Company, product or service names mentioned herein are the
trademarks of their respective owners.
Novatel Wireless
Charlotte Rubin
+1 (858) 812-3431
crubin@nvtl.com
Source: Novatel Wireless, Inc.
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