Octo Telematics Joins CVTA

Plymouth, MI, September 26, 2010 --(PR.com)-- The Connected Vehicle Trade Association (CVTA), is pleased to announce that Octo Telematics has joined its organization and Nino Tarantino has been elected to its Board of Directors. CVTA is a non-profit business league established to facilitate interaction and advance the interests of entities involved in the vehicle communication environment.

Harry Voccola, CVTA Chairman, noted, “We are excited that Octo Telematics has joined CVTA and Nino has accepted a position on our Board of Directors. Usage Based Insurance is an important commercial deployment within the connected vehicle environment and Octo Telematics is one of the early pioneers with successful commercialization of this application. Their addition to our Association will accelerate our mission to bring benefits to the traveling public and help promote deployment of the cooperative vehicle environment.”

Recently, Octo Telematics has been adding an average of more than 1,300 new customers each day in Europe and actively conducting pilot projects and developing new mobile service applications for the U.S. market. Nino Tarantino has been developing Octo’s business activities in North America and has more than two decades of experience in the global telecommunications industry with extensive experience building start ups and developing strategic business operations. As CEO of Acotel USA, Nino launched the first mobile premium messaging and consumer content services in North America. Prior to Acotel, he served as Vice President of Business Development for Anoto/Ericsson where he developed the U.S. market for the company’s revolutionary communication technology. Nino also led the global business development effort for Iridium/Motorola, establishing partnerships with wireless operators and resellers worldwide and held several product and business development positions within Telecom Italia Group. He received his MS from the University La Sapienza in Rome, Italy.

Octo Telematics is the leading insurance telematics provider in the world and the recipient of the 2010 Frost and Sullivan Growth Leadership Award in Telematics Enabled Usage Based Insurance – which is presented to the company that has demonstrated excellence in capturing the highest annual compound growth rate for the last 3 years. With more than 1.2 Million customers and 50 insurance partners, Octo Telematics is the forerunner and undisputed global leader in the research, development and management of cutting-edge telematics applications for auto insurance. Consumers benefit from reduced premiums and value-added safety and security services. Insurance companies benefit from Octo Telematics' valuable competence and multidisciplinary teams of experts in automotive devices, software development and operations, in order to reduce costs and risk, increase customer retention and loyalty, and offer increasingly competitive and innovative turnkey solutions.

About the CVTA
The Connected Vehicle Trade Association™ (www.connectedvehicle.org) enables the collaboration of companies, organizations, and governmental bodies engaged in developing vehicle communications. Membership is open to any corporation, public entities, standards and specification organizations, educational institutions and qualified organizations. CVTA’s Vision is a world where safe, efficient, effective travel is enabled through real time traveler connectivity. CVTA will promote leadership, education, strategic research and business opportunity development for connected vehicle solutions.

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