MiX Telematics, a leading global provider of fleet and mobile asset management solutions, has announced its global partnership with Iridium Communications Inc. (NASDAQ: IRDM), a market leader in mobile satellite communications, and provider of the world's farthest reaching network comprised of 66 low-earth satellites, at BAUMA CONEXPO, an exhibition being held this September 15-18, in Johannesburg, South Africa. The relationship extends MiX Telematics' mobility offering to include a reliable, cost-effective and complimentary global satellite communication alternative, to terrestrial solutions.
"As a provider of information and related services for mobile assets, it's critically important that we provide clients with important exception notifications and vehicle status updates regardless of where their vehicles are. Adding Iridium® as a complementary service offering helps us to broaden our value offering in the market, reinforcing our ability to deliver solutions that promote safe, secure and efficient fleet operations," says Catherine Lewis, Executive Vice President of Technology at MiX Telematics.
"We're pleased to be partnering with Iridium, a business that's synonymous with market leadership when it comes to technology innovation, including M2M and satellite communications. Our global leadership position in the premium fleet space and Iridium's global business strategy represent a strong alignment."
While mobile coverage across the globe is growing strongly, it is still largely immature in many rural/under-developed areas. And given that road transport is still a prominent - if not leading - mode of goods transportation, the need for full visibility of vehicle fleets at all times is higher than ever. Thus, a network that covers the entire earth's surface, such as Iridium, is needed.
"Through leveraging the Iridium network and M2M solutions, fleet managers will be able to track and manage their valuable assets and personnel regardless of their location, including remote and rural areas," said Bryan Hartin, executive vice president of sales and marketing at Iridium. "Partnering with MiX Telematics increases our footprint in the M2M industry globally and will help deliver M2M products and functionalities using the Iridium network to areas that need it the most, such as in rural Africa. We look forward to making a positive impact on businesses worldwide."
"We are proud to add MiX Telematics to our portfolio of leading and innovative global partners, and believe that this collaboration enables a platform for two businesses to deliver comprehensive, diverse and innovative offerings to the market that will increase efficiencies on a global scale."
MiX Telematics and Iridium will be co-exhibiting at the BAUMA CONEXPO (Booth H6.G59), where company representatives and industry experts will be available to provide insight into their new partnership, as well as demonstrate the value it brings to the M2M and satellite industries overall. For more information about the event, visit http://www.bcafrica.com.
Iridium is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. The company has a major development program underway for its next-generation network - Iridium NEXT. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the NASDAQ Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services and partner solutions, visit http://www.iridium.com.
About MiX Telematics
MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to customers in over 120 countries with over 523,000 subscribers globally at June 30, 2015. The company's products and services provide enterprise fleets, small fleets and consumers with solutions for safety, efficiency, compliance and security. MiX Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia and the United Arab Emirates as well as a network of more than 130 fleet partners world-wide. MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and on the New York Stock Exchange (NYSE: MIXT). For more information, visit http://www.mixtelematics.com .
SOURCE MiX Telematics