Pointer Telocation Ltd. (NASDAQ: PNTR) reported its Pointer IQ System was selected by the Office of the Accountant General of the Ministry of Finance to monitor driver behavior in up to 2,800 Israeli governmental vehicles.
This win is the culmination of a competitive bidding process which included a pilot program.
The Pointer IQ System monitors driving behavior and interprets vehicle dynamics and vehicle operation patterns and then calculates safety and ECO scores (relating to uneconomic and environment-unfriendly driving in terms of fuel consumption, emission and accelerated wear and tear), providing a driving profile for each driver.
Pointer Telocation is a provider of technology and services to the automotive and insurance industries, offering a set of services including road side assistance, stolen vehicle recovery and fleet management. For more information, visit http://www.pointer.com