Scope Technologies Launches Revolutionary OBD Fleet Telematics Hardware, Announces First Insurance PAYD Project in South Africa
Asbourne, Ireland, August 06, 2010 --(PR.com)-- Scope Technologies, a leading global technology provider specializing in Fleet Telematics, Mobile Resource Management and Pay As You Drive (PAYD) solutions announced release of a low cost revolutionary self install OBD fleet telematics device, MHub 837 today. The company has recently been awarded a major PAYD project in South Africa with Hollard Insurance.
The MHub837 is a new generation driver behavior monitoring and GPS tracking device specifically tailored for the PAYD insurance market initiative. The primary purpose of the device is to provide vehicle and driver activity information which can be utilized to assess the risk levels associated with any given driver or vehicle.
The MHub 837 utilizes a Scope proprietary pattern recognition algorithm that analyses OBD and accelerometer data. Behavior patterns analyzed by the device include harsh braking, aggressive lane swerving, road segment speeding, etc., The unit is self installed via a connection to the vehicle's OBD II port.
Monty Nussbaum, the Managing Director of Scope Technologies said “MHub 837 is an innovative game changing device which is designed to address the growing needs of the insurance market sector. Scope is very pleased with this development and is equally excited to see the reception this new development has received from our partners spread across over 46 countries now. We are also glad to be associated with Hollard Insurance which is pursuing pioneering work on promoting and deploying PAYD insurance across South Africa based on our technology offerings.”
Scope and its partner network are promoting the new offering to a variety of market verticals including insurance, leasing, automotive, vehicle distribution and aftermarket.
“Within a few weeks of its launch, we have witnessed a huge surge in its demand and orders that has also led us to upscale our production facilities in China and South Africa. Its low cost and self installation ability is even bringing newer verticals to the telematics fold that is further paving the way for us to develop specialized solutions for the new markets and opportunities. We will be launching within the next quarter a suite of consumer location based added value services featuring comprehensive social network integration. The offering shall be available on mobile phones and PC platforms,” Monty added.
Scope Technologies, provides end to end modular solutions including hardware, middleware, software and billing engines to a number of different industry verticals. Scope’s product range helps its partners and their clients – that currently include companies in the transport, logistics, leasing, utility, insurance, petroleum, medical, and security industries – to find new revenue streams through innovative technology solutions and service oriented business models.
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Scope Technologies (www.scopetechnology.com) is a leading global technology provider specializing in Mobile Resource Management encompassing Fleet Telematics, Mobile Workforce Management and PAYD solutions. Established in 1999, for nearly a decade, Scope's solutions have helped companies around the globe to increase the efficiency of their fleets and mobile resources, decrease operational costs and improve profitability.
Scope has emerged as an internationally recognized technology leader providing Fleet Telematics services across over 46 countries through partners with modular end-to-end solutions. For more information, please visit www.scopetechnology.com or follow us on Twitter www.twitter.com/scopetechnology
Contact: Pravar Gautam
pravar@scopetechnology.com
The MHub837 is a new generation driver behavior monitoring and GPS tracking device specifically tailored for the PAYD insurance market initiative. The primary purpose of the device is to provide vehicle and driver activity information which can be utilized to assess the risk levels associated with any given driver or vehicle.
The MHub 837 utilizes a Scope proprietary pattern recognition algorithm that analyses OBD and accelerometer data. Behavior patterns analyzed by the device include harsh braking, aggressive lane swerving, road segment speeding, etc., The unit is self installed via a connection to the vehicle's OBD II port.
Monty Nussbaum, the Managing Director of Scope Technologies said “MHub 837 is an innovative game changing device which is designed to address the growing needs of the insurance market sector. Scope is very pleased with this development and is equally excited to see the reception this new development has received from our partners spread across over 46 countries now. We are also glad to be associated with Hollard Insurance which is pursuing pioneering work on promoting and deploying PAYD insurance across South Africa based on our technology offerings.”
Scope and its partner network are promoting the new offering to a variety of market verticals including insurance, leasing, automotive, vehicle distribution and aftermarket.
“Within a few weeks of its launch, we have witnessed a huge surge in its demand and orders that has also led us to upscale our production facilities in China and South Africa. Its low cost and self installation ability is even bringing newer verticals to the telematics fold that is further paving the way for us to develop specialized solutions for the new markets and opportunities. We will be launching within the next quarter a suite of consumer location based added value services featuring comprehensive social network integration. The offering shall be available on mobile phones and PC platforms,” Monty added.
Scope Technologies, provides end to end modular solutions including hardware, middleware, software and billing engines to a number of different industry verticals. Scope’s product range helps its partners and their clients – that currently include companies in the transport, logistics, leasing, utility, insurance, petroleum, medical, and security industries – to find new revenue streams through innovative technology solutions and service oriented business models.
###
Scope Technologies (www.scopetechnology.com) is a leading global technology provider specializing in Mobile Resource Management encompassing Fleet Telematics, Mobile Workforce Management and PAYD solutions. Established in 1999, for nearly a decade, Scope's solutions have helped companies around the globe to increase the efficiency of their fleets and mobile resources, decrease operational costs and improve profitability.
Scope has emerged as an internationally recognized technology leader providing Fleet Telematics services across over 46 countries through partners with modular end-to-end solutions. For more information, please visit www.scopetechnology.com or follow us on Twitter www.twitter.com/scopetechnology
Contact: Pravar Gautam
pravar@scopetechnology.com
Contact
Scope Technologies
Pravar Gautam
6565387310
www.scopetechnology.com
Pravar Gautam
6565387310
www.scopetechnology.com
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