- Pointer Telocation and Viasat Group Form a Strategic Partnership to Present Innovative Solutions in Telematics and Location Based Services Market
Rosh HaAyin, Israel & Venaria, Italy – June 9, 2010 – Pointer Telocation Ltd., (Nasdaq Capital Market: PNTR, Tel-Aviv Stock Exchange: PNTR) and Viasat Group announced the establishment of a strategic partnership to offer innovative solutions in the areas of Stolen Vehicle Tracking, Telematics, and Fleet Management, more commonly referred to as Location Based Services.
The two companies have agreed to cooperate in order to develop products and solutions based on combined technologies for the benefit of customers in these markets. Solutions developed will be offered globally via the numerous Viasat Operation Centers, as well as with interested automobile clubs of ARC Europe, an association that brings together European Car Clubs.
Viasat Group and Pointer Telocation Ltd. intend to create international standards in the Location Based Services markets, by developing and promoting commercial and technological common innovations and solutions specifically tailored for the field of Location Based Services.
