ROSH HAAYIN, Israel,
November 30, 2015 /PRNewswire/ --
Pointer Telocation Ltd. (Nasdaq: PNTR) - a leading
developer, manufacturer and operator of Mobile Resource Management
(MRM), announced that it has been awarded an approximate
$1 million contract to supply and
install advanced solutions to manage a large fleet of vehicles in
Brazil. Pointer's advanced
solutions will enable the customer to effectively manage its fleet
of about 1,500 motor vehicles.
Pointer's telemetry solution will be integrated into the
customer's dispatch center, enabling increased productivity by
effectively managing logistics and field services. In addition,
Pointer's Dynamic Real Time Dashboard is designed to reduce fuel
waste and unauthorized use of fleet vehicles and to lower the
accident rate.
David Mahlab, President and
CEO of Pointer said: "We are very pleased that an important and
sizable Brazilian customer chose our solution over the alternatives
in this competitive market. This agreement is another demonstration
of the ongoing positive results from our global growth strategy.
This transaction in Brazil further
demonstrates our ability to close significant deals in the markets
in which we operate, as well as the attractiveness of our unique
technology and services to those markets. While the macroeconomic
situation in Brazil remains tough
and has affected our business in that region in the past year, we
believe that we are now in a position to resume our growth trend in
this promising market. We appreciate this vote of confidence by an
important and key customer which we view as a direct result of
the high quality and value of our solutions," concluded Mr. Mahlab.
About Pointer Telocation
Pointer Telocation is a leading provider of technology and
services to the automotive and insurance industries, offering a set
of services including Road Side Assistance, Fleet Management and
Stolen Vehicle Recovery. Pointer has a growing list of customers
and products installed in 50 countries. Cellocator, a Pointer
Products Division, is a leading AVL (Automatic Vehicle Location)
solutions provider for stolen vehicle retrieval, fleet management,
car & driver safety, public safety, vehicle security and
more.
Pointer Telocation's top management and the development center
are located in the Afek Industrial Area of Rosh Ha'ayin, Israel. For more information
visit http://www.pointer.com
Safe Harbor Statement
This press release contains forward-looking statements with
respect to the business, financial condition and results of
operations of Pointer and its affiliates. These forward-looking
statements are based on the current expectations of the management
of Pointer, only, and are subject to risk and uncertainties
relating to changes in technology and market requirements, the
company's concentration on one industry in limited
territories, decline in demand for the company's
products and those of its affiliates, inability to timely develop
and introduce new technologies, products and applications, and loss
of market share and pressure on pricing resulting from competition,
which could cause the actual results or performance of the company
to differ materially from those contemplated in such
forward-looking statements. Pointer undertakes no obligation to
publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. For a
more detailed description of the risks and uncertainties affecting
the company, reference is made to the company's reports filed from
time to time with the Securities and Exchange Commission.
Contact:
Zvi Fried, V.P. and Chief
Financial Officer
Tel.: +972-3-572 3111
E-mail: zvif@pointer.com
Kenny Green/Ehud Helft, GK Investor Relations
Tel: +1 646 201 9246
E-mail: pointer@gkir.com
SOURCE Pointer Telocation Ltd