ROSH HAAYIN, Israel,
Sept. 04, 2018 /PRNewswire/
-- Pointer Telocation Ltd. (Nasdaq: PNTR) (TASE: PNTR)
– a leading provider of telematic services and technology solutions
for Fleet Management, Mobile Asset Management and Internet of
Vehicles, announced today that its Cello CANiQ IN device was
officially certified for India's
MoRTH's (Ministry of Road Transport and Highways) AIS 140
standard.
MoRTH along with ARAI (Automotive Research Association of
India) in India have framed the AIS 140 standard for
Intelligent Transport Systems in India to bring safety and efficiency for all
public transportation vehicles such as state transport buses, app
based taxis, private passenger carrying buses, and non-app licensed
taxis. The AIS 140 standard makes it mandatory to install approved
telematics devices in all public carrying vehicles, new and old.
This will provide a massive increase in telematics adoption in the
already growing market of India.
Over the last period we have invested extensive efforts to get
our Cello CANiQ IN device certified for the AIS 140 standard and
now we believe that we are prepared to meet the large demand
presented by the Indian market. That was also reported in our last
quarterly investors calls. Cello CANiQ IN does not just comply with
the AIS 140 standard but goes much beyond it and offers a
sophisticated driver behavior analysis, accident reconstruction,
diagnostics and preventive maintenance by connecting to CAN bus and
OBD, external sensor integration like RFID readers, ADAS,
temperature and fuel sensors, and much more.
Mr. David Mahlab, Chief
Executive Officer of Pointer Telocation, commented: "We are
extremely proud about Pointer being part of the limited group of
the top telematics technology providers whom at this point in time
have successfully certified their hardware solutions with the AIS
140 standard. We believe that the AIS 140 certified Cello CANiQ
with its advanced functionalities puts Pointer in a breakthrough
position to meet the expected growing demand of the Indian market
resulting from the AIS 140 standard requirements. Furthermore,
India itself is a large, under
penetrated market for telematics, and we are excited about the new
telematics opportunities we envision there."
About Pointer Telocation
For over 20 years, Pointer has rewritten the rules for the
Mobile Resource Management (MRM) market and is a pioneer in the
Connected Car segment. Pointer has in-depth knowledge of the needs
of this market and has developed a full suite of tools, technology
and services to respond to them. The vehicles of the future will be
intimately networked with the outside world, enhancing and
optimizing the in-car experience.
Pointer's innovative and reliable cloud-based
software-as-a-service (SAAS) platform extracts and captures an
organization's critical mobility data points – from office,
drivers, routes, points-of-interest, logistic-network, vehicles,
trailers, containers and cargo. The SAAS platform analyzes the raw
data, converting it into valuable information for Pointer's
customers providing them with actionable insights and thus enabling
the customers to improve their bottom line and increase their
profitability.
For more information, please visit http://www.pointer.com, the
content of which does not form a part of this press release.
Risks Regarding
Forward-Looking Statements
Certain statements made herein that use words such as
"estimate," "project," "intend," "expect," "'believe", "may",
"might", "predict", "potential", "anticipate", "plan" or
similar expressions are intended to identify
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and other securities laws.
For example, when the Company discusses the size and potential of
the Indian market as well as the company's success in exploiting
this potential and the success of the Company's products and
services to meet market demand, it is using forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties that could cause the actual
results, performance or achievements of the Company to be
materially different from those that may be expressed or implied by
such statements, including, among others, changes in general
economic and business conditions. For additional information
regarding these and other risks and uncertainties associated with
the Company's business, reference is made to the Company's reports
filed from time to time with the U.S. Securities and Exchange
Commission. The Company does not undertake to revise or update any
forward-looking statements for any reason.
Company Contact:
Yaniv Dorani,
CFO
Tel: +972-3-5723111
E-mail: yanivd@pointer.com
Investor Relations Contact at Hayden IR, LLC:
Brett Maas
Tel:
+1-646-536-7331
E-mail: brett@haydenir.com
David Fore
Tel:
+1-206-395-2711
E-mail: dave@haydenir.com
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SOURCE Pointer Telocation Ltd.
