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Networkcar and Wright Express Announce Strategic Relationship
SOUTH PORTLAND, Maine, Feb. 7 /PRNewswire-FirstCall/ -- Wright Express Corporation (NYSE: WXS) and Networkcar(R), a leader in wireless vehicle management, today announced a strategic relationship designed to offer remote vehicle maintenance diagnostics and GPS vehicle location information to their common customers. In addition, Networkcar plans to offer a Wright Express co- branded fuel card to its commercial fleet customers. Wright Express will market hardware, remote vehicle diagnostic services, and vehicle location services powered by Networkcar.
"This strategic relationship is an exciting opportunity for both companies. Wright Express and Networkcar offer unique functionality to their respective customers. By combining the offerings of each company, we will be able to jointly offer relevant new services that simplify fleet management and save our customers time and money," said Paul Washicko, president of Networkcar.
"The relationship builds on product synergies and complimentary value propositions," said Michael Dubyak, president and chief executive officer of Wright Express. "Both Wright Express and Networkcar provide exceptional control and cost containment to businesses with vehicles. The information that Wright Express and Networkcar provide to their customers is also complimentary. We plan to combine the fuel, diagnostic, and vehicle location data to provide extraordinary value to common customers."
The relationship will provide Wright Express customers with enhanced services and increased program value. In addition to the current benefits they receive from the Wright Express program, customers will benefit from accurate, real-time odometer capture, improved real-time alerts and maintenance data, and potential future data integration and additional data reporting. Combined with fuel cost savings, fleets will enjoy additional operating cost reductions through the elimination of unnecessary miles, route and dispatch optimization, and reduction in overtime costs. Safety will be enhanced through real-time remote diagnostics, GPS-enabled roadside assistance, and speed alerts.
Wright Express chose Networkcar as an industry leader with a robust, easy to use product that is offered at a very competitive price.
Networkcar (http://www.networkcar.com) is a leading provider of services for remotely monitoring the performance and location of fleet vehicles. Networkcar's wireless in-vehicle technology merges patented remote diagnostic systems with GPS-based Automatic Vehicle Location technology. Networkcar's wireless vehicle management solution, Networkfleet, helps fleet operators reduce operating costs and improve productivity by providing remote online access to detailed vehicle information ranging from vehicle location to fuel efficiency trend data. The company has received several recognitions for its innovation including a 2005 Telematics Update Magazine Award for Best Commercial Vehicle Solution and a 2004 Technology Leadership Award from Frost and Sullivan for Remote Vehicle Diagnostics. Networkcar is a wholly-owned subsidiary of HUGHES Telematics, Inc. and is headquartered in San Diego, CA.
About Wright Express
Wright Express is a leading provider of payment processing and information management services to the U.S. commercial and government vehicle fleet industry. Wright Express provides these services for approximately 300,000 commercial and government fleets containing 4.3 million vehicles. Wright Express markets these services directly as well as through more than 125 strategic relationships, and offers a MasterCard-branded corporate card. The Company employs more than 670 people and maintains its headquarters in South Portland, Maine. For more information about Wright Express, please visit http://www.wrightexpress.com.
SOURCE Wright Express Corporation
CONTACT: News media - Jessica Roy, +1-207-523-6763, Jessica_Roy@wrightexpress.com; or Investor contact - Steve Elder, +1-207-523-7769, Steve_Elder@wrightexpress.com, both of Wright Express
/Web site: http://www.wrightexpress.com /