Welcome To The WebTech Wireless HUB On AGORACOM
Edit this title from the Fast Facts Section
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
  • Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More   |   *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

Message: WEW Selected by Protectagroup UK...

The_eye
Rank: [?]
Treasurer
Points: [?]
641
Rating: [?]
Votes: 16 Score: 4.0
  • Currently 4.1/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

WEW Selected by Protectagroup UK...

posted on Jun 10, 09 04:55AM

TSX: WEW
WebTech Wireless Inc.

Jun 10, 2009 04:00 ET

WebTech Wireless and Overview Mapping's Telematics Solution Selected by Protectagroup for Innovative UK Automobile Insurance Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2009) - 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 LocatorsTM and Overview Mapping's VeriLocationTM 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 LocatorTM 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 LocatorTM hardware with our advanced VeriLocationTM 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.

New Message

Please login to post a reply

AGORACOM Quick Tips

Bullish On China? AGORACOM Launches ChinaSecurities.com ... Check It Out

President's D.D.

New feature: Hub Presidents can add important links here.