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Reynolds and Reynolds' Networkcar Named Winner of Top Telematics Industry Award for its Networkfleet Product
SAN DIEGO, CA, May 27, 2004 — Networkcar®,
a Reynolds and Reynolds company (NYSE: REY), announced today that its Networkfleet product has been named a winner at the 2004 Telematics Update Magazine Telematics Awards. It was selected as the Best Commercial Vehicle Solution.
Telematics Awards recognize industry leaders such as suppliers, OEMs, service providers and software developers whose hard work and talent are bringing real value to telematics products and services. The winner of each category was announced during the Telematics Update Awards Gala Dinner on May 25th in Detroit.
Networkcar was selected as the winner among other finalists in the commercial vehicle solution category including International Truck and Engine, QUALCOMM, TransCore and Vetronix Corporation.
Telematics can be defined as a wireless communications system designed for the collection and dissemination of data. Applications include vehicle-based electronic systems, mobile telephony, vehicle tracking and positioning, online navigation and information services and emergency assistance.
"The whole company is excited to be recognized by our peers and to have received this award," said Networkcar President Dave Dutch. "Our patented fleet solution provides an excellent return on investment for fleets operating within a variety of business areas and it continues to gain market share."
Networkfleet collects and organizes detailed performance and location-based information directly from a vehicle's engine computer and global positioning system (GPS). This information is then transmitted wirelessly from the vehicle and made available online for fleets to monitor operating parameters such as current location, diagnostic trouble codes, fuel efficiency, mileage, and speed. Networkcar's technology is compatible with virtually all cars manufactured since 1996 and heavy trucks manufactured since 1988.
"The Telematics Update Awards program has gained in popularity as reflected in the vast number of nominees for this year's award program," said Phil Magney, chairman of the Awards Judging Panel and Principal Analyst of Telematics Research Group. "Hundreds of nominees have been submitted this year ranging from small start-ups to large multinational brands. These companies represent the future of telematics with some very compelling solutions."
About Networkcar
Networkcar (www.networkcar.com)
is the leading provider of around-the-clock services for monitoring the performance, location and security of fleet and consumer vehicles. Networkcar's wireless in-vehicle technology merges patented remote diagnostic systems with satellite-based Automatic Vehicle Location (AVL) technology. Networkcar's fleet management system, Networkfleet, helps fleet operators reduce operating costs and streamline distribution strategies by providing remote online access to detailed vehicle information ranging from stop reports to fuel efficiency trend data. Networkcar's consumer Telematics product allows car owners to increase safety and security, save time and reduce the cost of ownership with preventive maintenance and early problem detection. The company recently received a Top 100 award from Research and Development Magazine and a 2004 Technology Leadership Award from Frost and Sullivan for Remote Vehicle Diagnostics (RVD). The company is headquartered in San Diego, CA.
About Reynolds and Reynolds
Reynolds and Reynolds (www.reyrey.com) is the leading provider of integrated solutions that help automotive retailers manage change and improve their profitability. Serving the automotive retailing industry since 1927, Reynolds enables OEMs and retailers to work together to build the lifetime value of their customers. The company's award-winning product, service and training solutions include a full range of retail and enterprise management systems, Web and Customer Relationship Management solutions, learning and consulting services, documents, data management and integration, networking and support and leasing services. Reynolds serves more than 20,000 customers. They comprise nearly 90 percent of the automotive retailers and virtually all OEMs doing business in North America. The Reynolds International Division serves automotive retailers and OEMs through Incadea GmbH and its partner network as well as a worldwide consulting practice.
Media Contact:
Valerie Chereskin
Chereskin Communications
(760) 942-3116
valerie@chereskincomm.com
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