UPS FIRST IN INDUSTRY TO PURCHASE HYDRAULIC HYBRID VEHICLES
UPS, EPA, Eaton, Navistar Agree: "HHV Ready for Prime Time"
As part of a public-private partnership to increase the commercial availability and use of alternative fuel vehicles, UPS (NYSE:UPS) today announced its first purchases of a little-known technology – the hydraulic hybrid vehicle -- that promises dramatic fuel savings and environmental benefits.
Networkcar®, a leader in wireless fleet management and a wholly owned subsidiary of Hughes Telematics, today announced that the company is changing its name to Networkfleet. The name change and corresponding new brand image reflects the company's sole focus on helping commercial and government fleets to increase operating efficiency and reduce costs. The company also announced its recent move to a larger, newly renovated building in San Diego to expand its headquarters. This new building nearly doubles the company's office space to accommodate current and future growth.
"Newly named Networkfleet is growing rapidly and our new office, new name and brand identity reflect that. By taking the name of our successful product, the company is aligning its strategy, mission, and messages," said Keith Schneider, president of Networkfleet. "The new name preserves our long-standing, successful image and further strengthens the company's reputation as innovative and successful. There are many small competitors in this business, and customers are looking for a stable partner. While market consolidation will inevitably occur, Networkfleet will continue to innovate and thrive."
Networkfleet was the first to develop a wireless diagnostic monitoring system that connects directly to a vehicle's on-board diagnostic OBD-II port. Approaching its ten-year anniversary, the company and its affiliates now have more than 50 patents issued or pending surrounding vehicle diagnostics. In 2006, it was acquired by Hughes Telematics, a leader in the development of the next generation of vehicle information-based technology and services.
While GPS-based vehicle tracking systems are becoming common with many small competitors entering the market, Networkfleet combines precise GPS vehicle location with engine diagnostics and real-time reporting for a comprehensive approach. Fleet managers receive alerts and log on to a secure Web site to manage vehicle information. Networkfleet also helps fleets Go Green and Save Greensm by continuously monitoring emissions and gives them the ability to reduce fuel usage, lower idle time, reduce vehicle speed and lower miles traveled. In California, Networkfleet customers are wirelessly "smog checked" to immediately identify vehicles that are out-of-compliance.
Networkfleet customers represent a broad range of industries and fleet sizes, from less than 10 vehicles to thousands of vehicles. Customers include service fleets, delivery, transportation services, construction and all levels of government. Examples include Cloud 9 Shuttle, Roto-Rooter, the State of Delaware and the U.S. Marine Corps. In addition, the company's technology has been integrated with a wide range of fleet applications and is offered through a vast network of resellers, VARS and partners. These partners include PHH Arval, Wright Express, AssetWorks and ProMiles, among many others.