FDM Group Regulatory News (FDM)

11 Jun 2008 07:00



Cybit Holdings Plc

("Cybit" or "the Company")

Cybit signs exclusive partnership with Ford for 'Ford Fleet Telematics'

Cybit, the UK's leading online Telematics Service Provider, has signed an exclusive partnership agreement with Ford Motor Company, to provide a fully managed service branded 'Ford Fleet Telematics' solution for Ford Fleet customers.

The agreement provides a framework that formalises Cybit's relationship as Ford's appointed telematics partner. Under the terms of the agreement, Cybit has exclusive telematics access to Ford's detailed and confidential CanBus coding information, which allows Cybit software to interface with the existing Ford CanBus systems on the current Ford Transit and Transit Connect models. This enables Ford Fleet customers to have confidence in the accuracy of the reports generated using CanBus data.

Commenting on the partnership Richard Horsman, Cybit's Chief Executive Officer said: "We have an established relationship with Ford, which has led Cybit to help develop and power Ford's own branded Fleet Telematics solution. This enables Ford Fleet customers to realise operational cost and productivity benefits whilst also helping them manage their duty of care requirements".

"We are delighted to be working with the most prominent brand in the commercial vehicle market to bring significant benefits to Ford's Fleet customers."

The use of Cybit's fleet tracking and vehicle data technology will enable organisations to make strategic business decisions and to reduce costs from their fleets in a range of areas - from fuel usage to preventative vehicle maintenance. The vehicle tracking software integrates with Ford's CanBus vehicle management system to generate customised reports on a wide range of vehicle movement or driver performance indicators that enable strategic fleet management and identifies opportunities for drivers to improve their skills through training.

The system works via an unobtrusive GPS device located inside the vehicle that provides real-time positioning information which when collated is combined with CanBus data and transmitted via O2's GPRS network to Cybit's servers. This data is processed into a broad spectrum of user defined strategic reports, providing real-time fleet visualisation or historical analysis, and then distributed via the internet.

About Cybit:

Cybit is a global force in Telematics, operating within three core sectors: Internet-based vehicle Telematics solutions; Economic Exclusive Zone (EEZ) Management; and Private Mobile Radio (PMR) based asset tracking and precise positioning solutions.

In the vehicle Telematics sector, Cybit is one of Europe's leading Telematics Service Providers (TSPs). More than 1,700 business-to-business clients use the company's fleet and asset management solutions to manage in excess of 45,000 assets primarily in the public sector, service industries and logistics and distribution markets. Solutions include in-vehicle technologies, workflow management, CanBus integration and internet-based monitoring and reporting software. The company also provides consulting services to advise on operational and legal issues such as duty of care and working hours.

Cybit is also a global leader in the field of EEZ fisheries management, tracking many thousands of fishing vessels on a daily basis. The company provides vessel monitoring and catch management solutions for many of the world's major fishing nations. As well as EC governments including the UK, Ireland and Greece, Cybit helps to manage valuable fishing stocks for emerging nations such as Ghana, Namibia and Mozambique

Cybit's PMR business provides asset-tracking and precise positioning solutions for both maritime and land-based applications including exploration and mining. Its precise positioning solutions are in constant use in the location and exploitation of oil, gas and mineral reserves around the globe.

Additional information is available at www.cybitholdings.com, www.cybit.co.uk, www.truck24.com, www.amatics.com, www.cybitpositioningsolutions.co.uk and www.bluefinger.com 

Contact information:

Stephen Keys

Cenkos Securities plc

Tel: 020 7397 8900