Tile and Axiom Announce Exclusive Partnership to Protect Drivers from Losing Their Car Keys

ST. LOUIS, Sept. 20, 2016 -- Tile Inc., the Silicon Valley-based smart location company, and Axiom Product Administration, LLC™, an automotive finance and insurance (F&I) product company, have signed an exclusive distribution partnership to help protect motorists from the stress and expense of losing their car keys. The Revolution Key Protection program, or RevKey, will combine a new protection product by Axiom along with a technology device and smartphone app designed and built by Tile.

Automotive key fobs are expensive electronic devices — essentially, tiny computers — that can cost hundreds of dollars to replace. Most drivers are unaware that their auto insurance policies do not cover the loss of key fobs and they are caught by surprise when they are forced to cover the expense themselves.

Axiom and Tile have worked together to design a solution that solves this pain point. Tile's Bluetooth tracker will attach to a driver's key fob to help locate misplaced keys. If the keys end up lost, stolen or quit working, Axiom will provide up to $1,000 to cover the cost of replacing the key fob and Tile device.

"Keys are one of the most frequently lost items in a person's everyday life, and key fobs for modern cars are incredibly expensive to replace," said Scott Shillington, VP of Sales and Business Development at Tile. "We are happy to work with Axiom to provide drivers with increased peace of mind."

RevKey is currently available through auto dealership F&I departments nationwide and in most cases, will be sold at the point of purchase as a one, three, or five-year policy. Customers will be provided with a new Tile each year. Each dealership promoting the RevKey program can customize the Tile fob with a brand/logo, giving the dealership 24/7 brand exposure. Dealerships interested in offering Revolution Key Protection should contact Axiom at 844-252-0937 or salessupport@axiomadmin.com.

"Our mission is to offer F&I products that resonate with today's automotive consumer and to create a unique and modern user experience," explains Michael Reth, President/CEO of Axiom, "Revolution Key Protection sets the benchmark very high by combining a traditional F&I protection product with the awesome technology features of Tile."

Revolution Key Protection featuring Tile Technology includes up to $5000 in additional benefits, such as Emergency Roadside Assistance, Additional Lost Key Benefit (home, office), Transportation Benefits and Trip Interruption. Learn more at revkeyprotect.com, follow us @revkeyprotect #revkeyprotect #dudewheresmykeys.

About Tile
Tile gives everything the power of smart location. Tile's devices, network and mobile app work together to help people locate the things that matter to them most. Tile's global community spans 200 countries and territories and helps people locate more than half a million items every day. The Tile Smart Location Platform makes it possible for other companies to embed location into their own products. The company is based in San Mateo,CA and backed by Bessemer Venture Partners, GGV Capital and Khosla Ventures. Tile is a top seller in retail stores and is sold online around the world. For more information please visit TheTileApp.com.

About Axiom
Axiom is a product administration company that has modernized the F&I automotive space by fusing new products with interactive technology for both the dealer and the customer. Our programs are backed by national, A-rated insurance carriers and in many cases can be reinsured. Each Axiom product features COVI: Connected Owner Vehicle Intelligence, a customer engagement platform (mycoviapp.com). Connect with us at 844.252.0937, axiomadmin.com or follow us:@axiomproducts.

CONTACT: LAURA RETH
AXIOM PRODUCT ADMINISTRATION
DIR. OF CREATIVE MARKETING
PHONE: 636-856-5047
laura@axiomadmin.com

SOURCE Axiom Product Administration