WebTech Wireless Continues Rapid Expansion in Mexican Auto Insurance Market with Sale of 5,000 Locators to Prolog S.A.
Thursday, Jul 09,2009, 1:21:37 PM Click:
WebTech Wireless' advanced in-vehicle WT5000 Locator(TM), and recently released WT7000 Locator(TM) GPS devices, are finding considerable acceptance with auto insurers in many markets for use in vehicle location and tracking as well as in more innovative applications such as technology enabled, usage based insurance models. In Mexico, where vehicle theft is a major concern, GNP has already experienced an unprecedented 100% stolen vehicle recovery rate with the use of the WebTech Wireless Locators.
Commenting on the sale, Juan Avila, Executive Chairman & Chief Technology Officer for Prolog said, "This purchase of 5,000 Locators will allow us to maintain adequate inventory levels to fulfil the short-term demand being generated by GNP's Angel Naranja program as well as other customers. Installations are continuing with one major vehicle manufacturer and another truck manufacturer, and we anticipate at least two others coming onboard in the near term."
Edward Kulperger, Senior Director of WebTech Wireless' Personal Automotive and OEM business units added, "We're very pleased with this sale and the work of Prolog. GNP's Angel Naranja program is rolling out well across Mexico and already the response from the marketplace is very encouraging. We fully expect to continue building on this success with future orders. Our experience in Mexico is being applied to several advanced pilots underway with large insurance companies in several markets, and we're working diligently to move these to the rollout stage."
This latest sale 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 and location-based services provider that develops, manufactures and delivers end-to-end wireless solutions designed to improve the productivity, profitability and safety of vehicle fleets. WebTech Wireless products and services run on GPS and cellular networks and provide Automatic Vehicle Location, Mapping, Reporting, Vehicle Diagnostics, Driver Status, In-vehicle Telemetry and Navigation and Messaging. The Company delivers products and services in over forty-one countries to a variety of small, medium and Fortune 500 companies, with a particular focus on the transport, service delivery, government and automotive markets. For more information, please visit www.webtechwireless.com.
About Prolog S.A. de C.V.
Prolog S.A. de C.V. is a logistics consulting and systems integration company with 15 years of experience in the Mexican market. Additionally, its international offices provide coverage to the southern U.S., Spain and Central America. Prolog specializes in supply chain management, execution and control, logistics and processes re-engineering, and the design of applied systems and materials distribution facilities. The company has gained a reputation for its success in delivering turnkey solutions to a wide variety of clients with very specialized needs. For more information, please visit www.prolog.com.mx.
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 and Media +1 778.370.9609 press@webtechwireless.com WebTech Wireless Inc. R. Joe Dhami Investor Relations +1 877.811.4518 ext 462 ir@webtechwireless.com www.webtechwireless.com
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