ROSH HAAYIN, Israel,
July 18, 2016 /PRNewswire/ --
Pointer Telocation Ltd. (Nasdaq: PNTR
& TASE: PNTR) - a leading developer, manufacturer
and operator of Mobile Resource Management (MRM), announced today
that it has signed a contract with CET
RIO (the Rio de Janeiro Transit Authority) to provide
technology and integration services during the 2016 Olympic Games,
managing the vehicles and personnel responsible for transit
control, emergency and contingencies.
Over 200 vehicles will be monitored in real time which will be
managing, controlling and supporting the traffic management systems
from August 5th, 2016 and
throughout the Games. The system will use Pointer's Web Fleet
Software Platform and will be integrated into the CET Control
Center as well as the COR (the city's Operation Center), providing
a unified view of traffic information throughout Rio.
"We are very pleased to be playing an important role in the
smooth running of the Olympic Games this summer," commented
David Mahlab, Chief
Executive Officer of Pointer. "Our
selection by Rio's Transit Authority for this very high profile
event and mission critical task, demonstrates a strong level of
trust in our solution. We look forward to successfully delivering
on this contract, and we believe this will provide us with very
strong references for further work in the region."
About Pointer Telocation
Pointer Telocation is a leading provider of technology and
services to the automotive and insurance industries, offering a set
of services including Fleet Management and Stolen Vehicle Recovery.
Pointer has a growing list of customers and products installed in
50 countries. Cellocator, a Pointer Products Division, is a leading
AVL (Automatic Vehicle Location) solutions provider for stolen
vehicle retrieval, fleet management, car & driver safety,
public safety, vehicle security and more.
Pointer Telocation's top management and the development center
are located in the Afek Industrial Area of Rosh Ha'ayin, Israel.
Safe Harbor Statement
This press release contains historical information and
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 with respect to the
business, financial condition and results of operations of the
Company. The words "believe," "expect," "anticipate," "intend,"
"seems," "plan," "aim," "should" and similar expressions are
intended to identify forward-looking statements. Such statements
reflect the current views, assumptions and expectations of the
Company with respect to future events and are subject to risks and
uncertainties. Many factors could cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements that
may be expressed or implied by such forward-looking statements,
including, among others, changes in the markets in which the
Company operates and in general economic and business conditions,
loss or gain of key customers and unpredictable sales cycles,
competitive pressures, market acceptance of new products, inability
to meet efficiency and cost reduction objectives, changes in
business strategy and various other factors, both referenced and
not referenced in this press release. Various risks and
uncertainties may affect the Company and its results of operations,
as described in reports filed by the Company with the Securities
and Exchange Commission from time to time. The Company does not
assume any obligation to update these forward-looking
statements.
Contact:
Zvi Fried, V.P. and Chief Financial
Officer
Tel.: +972-3-572 3111
E-mail: zvif@pointer.com
Gavriel Frohwein/Ehud Helft, GK Investor Relations
Tel: +1-646-688-3559
E-mail: pointer@gkir.com
SOURCE Pointer Telocation Ltd