Vetronix Corp. Receives the 2002 Frost & Sullivan Award for Product Differentiation Innovation
SAN JOSE, Calif., April 29 -- Frost and Sullivan today announced Vetronix Corp. as the recipient of the 2002 Product Differentiation Innovation award by Frost & Sullivan in the European remote vehicle diagnostics market sector for its WirelessRoad fleet management solution.
The award for Product Differentiation Innovation was based upon research on the European remote vehicle diagnostics market conducted by Frost & Sullivan Research Analyst Anil Valsan and Research Manager, Sarwant Singh.
This award is presented to the company that best demonstrates the ability to develop advanced products with more innovative capabilities than competing vendors and products. It recognizes Vetronix's successful adoption of new or existing technology integrated into a well-designed product family. Such innovation significantly contributes to the industry in terms of product performance and rate of technical change.
The Frost & Sullivan report states that the capabilities of Vetronix's WirelessRoad(TM) fleet management solutions will enable it to stand out as an exceptional product in this highly competitive market. With Vetronix's background in vehicle diagnostics, data acquisition, wireless connectivity and internet technologies for mobile platforms, the company aims to become a technology leader in the arena of telematics -- in particular remote diagnostics, the application of such diagnostic data, and future opportunities generated by this combination of technologies.
The factor differentiating Vetronix's WirelessRoad(TM) from other similar products is that it uses wireless technology to provide diagnostic information and fleet management capabilities in addition to the standard GPS location, speed, fuel level and air bag deployment notification, as available from other fleet management products.
The solution has been in funded pilot trials for more than two years and has recently gone "live" supporting three major OEMs including its first production TSP contract with a major ride share program.
About Vetronix
Vetronix, a private company founded in 1984, is well positioned in the global automotive diagnostics and telematics solutions market. Vetronix currently serves the automotive OEM, fleet and aftermarket sectors, dominating the OEM diagnostic equipment market with more than 40 percent of all new vehicles at the global dealership level, being serviced using Vetronix diagnostic products. The traditional core Vetronix business has provided diagnostic services to OEM dealers and independent aftermarket service providers for 18 years. The company has strategic alliances with many large automotive manufacturers including General Motors, Honda, Toyota and Nissan.
The company is focused on innovations in software and telemetry behind advanced vehicle diagnostics products and "next generation" telematics solutions. For further information visit www.vetronix.com .
About Frost & Sullivan
Founded in 1961, Frost & Sullivan, global leader in growth consulting, presents Market Engineering Awards to companies that demonstrate excellence in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine Market Engineering Award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com .
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