22 Jun 2011 07:00
22 June 2011 SureTrack Monitoring plc Thatcham Category 7 Accreditation Awarded
SureTrack Monitoring plc ("SureTrack" or the "Company"), one of the UK's leading asset protection, cash security and crime deterrent companies specialising in covert tracking and recovery, announces that its MT3 product was granted Thatcham Category 7 Accreditation with effect from 20 June 2011.
The Board believe that this will allow the Company to compete with other tracking devices, in particular, for the high end vehicle insurance market where Thatcham accredited trackers are in many cases required to be fitted on a mandatory basis. The accreditation will also allow the Company to work with a range of niche Insurers, particularly those specialising in insuring farming equipment.
Will Hirons, CEO of SureTrack Monitoring plc, commented:
"This is excellent newsfor the Company, as it will allow us to entermarkets that were previously closed to us. The accreditation is mandatory for security products required to be fitted undermany insurance policiesandSuretrack is now able tooffer a cost effective alternative with high recovery rates for stolen items. We also believe the MT3 is harder to detect by a thiefcompared to other competing products.
"I feel that this accreditationwill help us to make significant headway in a competitive market."
For further information contact:
SureTrack Monitoring plc Tel: 01926 863630 Will Hirons, Managing Director Simon Barrell Merchant Securities Limited (Nominated Adviser and Broker) Simon Clements - Nominated Adviser Tel: 020 7628 2200 Graeme Cull - Corporate Broking Lothbury Financial Services (Financial PR) Tel: 020 7868 2010
Michael Padley/Simon Astley Notes to Editors
SureTrack, is the UK's leading GSM based asset tracking service and has subsidiaries targeting two markets: large moveable physical assets and cash/ valuables movement.
GSM based positioning technology is combined with Radio Frequency to create a covert security product. No specialist installation is required so it can be quickly and easily concealed within an asset.
The MT2 and MT3 represent the leading battery powered asset tracking devices. The tracker uses GPRS and SMS;. both of these systems are power efficient allowing the product to last up to three years and it contacts the control centre much more frequently (every 45 minutes) giving its position. It uses an exclusive and exceptionally accurate triangulation location system.
In March 2009 SureTrack acquired IBP-Group Limited ("IBP"), a company that provides a suite of products that centre on deterring and reducing the incidence of robbery, primarily relating to cash - protecting staff and customers from violent crime.
IBP works closely with major financial institutions, retailers and leading cash-in-transit companies in co-operation with the police to achieve a target reduction in raids and other crimes in hot-spot areas. They are also suppliers to the Police Crime Prevention Initiative Raid-controlâ„¢, focusing on deterring and foiling robberies at independent retailers.
SureTrack's key client areas are the motor, plant hire and construction industries, the farming community, caravan manufacturers and via IBP banks, retailers and cash transit companies.
www.sure-track.co.uk
www.ibp-group.com
XLON