Vetronix Recognized As Industry Leader In Remote Vehicle Diagnostics Systems
SANTA BARBARA, Calif.--July 15, 2003--New Allied Business Intelligence Study On Fleet Management Systems
Cites Vetronix As Providing Superior Diagnostic Data Capabilities
Vetronix Corporation, a leading provider of advanced automotive diagnostic equipment and telematics solutions, was recognized in Allied Business Intelligence's recently published study on Fleet Management Systems (FMS) as the industry's best positioned provider of Remote Vehicle Diagnostic Systems (RVDS). The study cited Vetronix's 18 year history of developing hand-held diagnostic equipment as giving the company a unique ability to read and process the serial data produced by vehicle on-board computer systems. The study was prepared by Frank Viquez, Director of Automotive Electronics for Allied Business Intelligence.
The study noted that only a handful of players have the ability to access vehicle sensing and diagnostic modules and to decipher diagnostic trouble codes (DTCs). While many companies have the ability to read and process standard OBD II trouble codes, much of the data needed for advanced diagnostics is processed in non-standard formats that vary from manufacturer to manufacturer and even between models from the same manufacturer. The ability to access data and trouble codes that will not illuminate the "Check Engine" light, yet are critical to proper vehicle functions, is cited as a key differentiator amongst commercial telematics suppliers. Vetronix, with its nearly 20 years of experience in working with these data streams, has gained an advantage in developing RVDS in its telematics products.
Frank Viquez, the author of the study, noted: "Vetronix introduced one of the world's first handheld diagnostic tools in the late 1980s. Since then they have worked with most of the major vehicle manufacturers and continuously built their knowledge of how to diagnose problems across a wide variety of vehicles. This knowledge gives them a distinct advantage in developing RVDS applications."
Jack Rozint, Telematics SBU Manager of Vetronix, stated, "The ABI research is important validation of our Mastertrak Telematics Solution and the value of remote diagnostics to fleet operations. Our clients are showing return on investment of thousands of dollars annually through the use of telematics to assist in logistics, asset lifecycle management, enhanced service & maintenance, fuel management, safety, and security. We have proven case studies showing that remote diagnostics is capable of reducing breakdowns, shortening repair cost & cycle time, and improving technician productivity, all of which can add up to several thousand dollars per vehicle on an annual basis."
In addition to the ABI recognition, Vetronix Mastertrak Fleet telematics products have been cited by Forrester Research, Inc. and Telematics Update. Vetronix has also received Frost & Sullivan's European Award for Product Differentiation Innovation Leadership as well as the North American Frost & Sullivan Award for Strategic Alliance Leadership.
More than 100 companies were referenced in the study, which covered such topics as market dynamics, competition, consolidation, communications networks, technologies, business issues, applications, market segments, and market size projections. Also included were supplier profiles on 11 of the leading telematics providers. Copies of the paper can be purchased on ABI's website at www.alliedworld.com or by calling 516-624-3113. Allied Business Intelligence Inc. is an Oyster Bay, N.Y.-based technology market research firm founded in 1990. ABI publishes research and technology intelligence on the wireless, automotive, electronics, networking and energy industries.
About Vetronix
Founded in 1984 and headquartered in Santa Barbara, California, Vetronix has offices nationwide as well as in Japan, England and France. Vetronix has developed worldwide solutions for commercial fleet and OEM use to create a new paradigm for Integrated Telematics and Diagnostics. The company is focused on innovations in software and telemetry to power advanced diagnostics and "next generation" telematics solutions. The company's telematics product line, Mastertrak Fleet Solutions, is designed to help fleet operators improve profitability with features that include asset management, logistics, service & maintenance, remote diagnostics, fuel management, safety, and security. Through a Premier Business Partnership with IBM, Vetronix also offers integration of its telematics solutions with its client's enterprise business systems.
Vetronix Corporation is a leading supplier of automotive electronic diagnostics, and the company is notable for having developed the very first OEM serial data scantool. The Tech 1(R) and Mastertech(R) brand names have become synonymous with excellence in the automotive Scantest market. Vetronix currently has cooperative development relationships with such OEMs as General Motors, Toyota, Honda, and Nissan. Today, over 40% of all vehicles manufactured worldwide are serviced at the dealership level with equipment and software developed by Vetronix.
Vetronix products have won numerous industry awards, most notably six Top 20 Tools Awards from Motor Magazine, the leading trade publication in the Automotive Aftermarket, as well as the Innovation Award from Professional Tool and Equipment News magazine. In 2000, Vetronix was honored by South Coast Business Technology as "Company of the Year," and has just received two Frost and Sullivan Awards for telematics excellence. The company's website is www.vetronix.com.