In a feature published by Forbes magazine under the headline, "MiX Telematics: Global, Green and Undervalued", contributor and co-manager of the JPS Green Economy Fund Tom Konrad states the international success of MiX Telematics makes it: "a leader in a number of trends which are likely to reshape the industry in the coming years: increasing globalisation, growing focus on reducing fuel costs, and an insurance-driven focus on improving driver safety."
The international development of the telematics industry is being driven by the positive results being generated in developed nations, such as the UK, mainland Europe and the United States. The gains solutions such as MiX Telematics Fleet Manager typically deliver were highlighted recently in a survey conducted by C. J. Driscoll & Associates among US fleet managers, which revealed that 79 percent of respondents were either 'very or somewhat satisfied' with their telematics solutions.
The survey also revealed that most operators see a return on their investment in less than a year; that fuel savings of five to eight percent are being achieved from day one due to reduced idling alone; that almost a third of fleet managers receive insurance discounts as a result of using telematics; and that many managers also report significant savings from reduced maintenance, more efficient use of driver time and fewer accidents.
According to Forbes contributor Tom Konrad, while such results make fleet management easily cost-effective for most operators, the ability of solutions such as MiX Telematics Fleet Manager to modify driver behaviour, especially when used in conjunction with the in-cab RIBAS system, (see Editor's note), helps maximise safety and fuel efficiency. This, together with the organisation's established international presence, makes MiX Telematics one to watch.
Commenting on that conclusion, Steve Coffin, Marketing & Operations Director for MiX Telematics (Europe), says: "In addition to our proven technology, the fact that we are already present in 112 countries worldwide gives us unrivalled expertise in the international sphere. This extensive reach, together with our established relationships on the ground, would be extremely difficult for competitors to replicate, meaning MiX Telematics is ideally positioned to benefit from further international growth as our industry continues to move forward. Another significant advantage is that low development costs in our home market of South Africa couple with our broad international spread to ensure MiX Telematics customers worldwide enjoy hugely competitive pricing backed by local service and support."
Offered as an optional extra to the Fleet Manager solution, RIBAS is a dashboard-mounted array of five LEDs which illuminate whenever the driver exceeds a pre-programmed vehicle parameter. Each LED is positioned alongside its corresponding letter, where:
R = over Revving
I = excessive Idling
B = harsh Braking
A = harsh Acceleration
S = over Speeding
Using the Software-as-a-Service (SaaS) delivery model, MiX Telematics delivers its solutions to customers in 112 countries, across six continents. Over 428,000 mobile assets – from trucks and buses, to vans, cars, motorcycles and trailers – are actively managed by MiX Telematics. In addition to employing more than 900 people, MiX Telematics has a network of more than 130 fleet partners world-wide. The company has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia and the United Arab Emirates.
MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and on the New York Stock Exchange (NYSE: MIXT).
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