Pointer Telocation Announces Contract Win for Fleet Management Solution in Brazil

Rosh HaAyin, Israel November 26, 2015. Pointer Telocation Ltd. (Nasdaq: PNTR) - a leading developer, manufacturer and operator of Mobile Resource Management (MRM), announced that it has been awarded an approximate $1 million contract to supply and install advanced solutions to manage a large fleet of vehicles in Brazil. Pointer’s advanced solutions will enable the customer to effectively manage its fleet of about 1,500 motor vehicles.

Pointer’s telemetry solution will be integrated into the customer’s dispatch center, enabling increased productivity by effectively managing logistics and field services. In addition, Pointer’s Dynamic Real Time Dashboard is designed to reduce fuel waste and unauthorized use of fleet vehicles and to lower the accident rate.

David Mahlab, President and CEO of Pointer said: "We are very pleased that an important and sizable Brazilian customer chose our solution over the alternatives in this competitive market. This agreement is another demonstration of the ongoing positive results from our global growth strategy. This transaction in Brazil further demonstrates our ability to close significant deals in the markets in which we operate, as well as the attractiveness of our unique technology and services to those markets. While the macroeconomic situation in Brazil remains tough and has affected our business in that region in the past year, we believe that we are now in a position to resume our growth trend in this promising market. We appreciate this vote of confidence by an important and key customer which we view as a direct result of the high quality and value of our solutions,” concluded Mr. Mahlab.

You can find the complete release here.