WebTech Wireless and Overview Mapping's Telematics Solution Selected by Protectagroup for Innovative UK Automobile
* Reuters is not responsible for the content in this press release.
VANCOUVER, BRITISH COLUMBIA, Jun 10 (MARKET WIRE) --
WebTech Wireless Inc. (TSX: WEW), a leading provider of location-based
and fleet telematics services, announces that they, along with UK OEM
partner Overview Mapping Ltd., have been selected by Protectagroup Ltd.
to provide telematics services for an innovative insurance program
targeted at young drivers. The selection was a result of a rigorous pilot
phase previously announced in October 2008, with rollout begun last
month. The agreement could potentially cover tens of thousands of
Protectagroup's policy holders and includes options to extend and develop
other telematics-based insurance products in the future. Protectagroup is
Wales' largest independent insurance broker and services customers across
the UK.
The large scale pilot announced in October proved the effectiveness and
ROI of pairing WebTech Wireless' in-vehicle Locators(TM) and Overview
Mapping's VeriLocation(TM) vehicle management software and call centre
support - customized to Protectagroup's specific requirements. The young
drivers program enables policy holders to reduce their annual premiums by
not driving between 11 pm and 5 am. Vehicles are fitted with a WebTech
Locator(TM) device which sends an automatic notification if the vehicle
is driven within the restricted hours. The program reduces
Protectagroup's insurer partner's risk and insurance claims and provides
customers with significant premium reductions and incentives based on
their actual driving behaviour.
Andrew Overton, Managing Director of Overview Mapping Ltd., said, "As a
valued partner with WebTech Wireless, we are delighted to have been
selected by Protectagroup for this important initiative in the UK
automotive insurance market. This innovative solution couples WebTech's
proven Locator(TM) hardware with our advanced VeriLocation(TM) software
and customer support capabilities to provide real value for Protectagroup
and their younger policy holders."
Edward Kulperger, Sr. Director, Personal Automotive and OEM, WebTech
Wireless, said, "The insurance industry in the UK is one of the most
advanced and competitive in the world, so to have been selected by
Protectagroup for their young drivers program, and the implications this
holds for the further development of usage based insurance models, is an
important milestone for WebTech." He added, "We expect similar
announcements to come from North and South American insurance companies
and specialized channel partners in the near future that will continue to
validate our leadership in this market."
This latest event underscores WebTech Wireless' commitment to providing
custom made solutions for a variety of industries that depend on
efficient and effective mobile resource management.
About WebTech Wireless Inc.
WebTech Wireless Inc. (TSX: WEW) is a global Telematics, location-based
services provider that develops, manufactures, and delivers turnkey
wireless solutions designed to improve productivity and profitability.
WebTech Wireless products include wireless hardware and software services
running on cellular and satellite networks, and include Automatic Vehicle
Location, Mapping, Reporting, Vehicle Diagnostics, Driver Status,
In-vehicle Telemetry, Messaging, In-vehicle Navigation, and wireless
application and Internet connectivity. WebTech Wireless is currently
providing devices and services worldwide in eight languages to over
forty-one countries covering five continents. WebTech Wireless' scalable
solutions are used by a broad range of small, medium and Fortune 500
companies and by governments. For more information, please visit
www.webtechwireless.com.
About Overview Mapping Ltd.
Overview Mapping was formed in 1995 and is a leading provider of
telematics solutions for the UK market. The company is privately owned
with head offices in Northamptonshire, UK. For more information, please
visit www.overviewmapping.com.
Forward Looking Statements
This press release contains forward-looking statements involving risks
and uncertainties pertaining to, but not limited to product plans,
timing, content, and pricing of products, market and industry
expectations, the wireless communications industry, the mobile fleet
industry, and general economic and political conditions. Given the risks
and uncertainties inherent in the markets and industries referred to in
this press release, WebTech Wireless cannot guarantee that any forward
looking statements will be realized.
Trademarks are the property of their owners.
The Toronto Stock
Exchange does not accept responsibility for the adequacy or accuracy of
this release.
Contacts:
WebTech Wireless Inc.
Eric Wilson
Press / Media Contact
(+1) 778.370.9609
press@webtechwireless.com
WebTech Wireless Inc.
R. Joe Dhami
Investor Relations Contact
(+1) 877.811.4518 ext. 462
ir@webtechwireless.com
www.webtechwireless.com
Copyright 2009, Market Wire, All rights reserved.
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