MILAN and IRVINE, Calif., March
30, 2021 /PRNewswire/ -- CalAmp (Nasdaq: CAMP), a
global technology solutions pioneer transforming the mobile
connected economy, today announced its subsidiary, LoJack Italia,
has entered into an agreement with CGTE, a TESYA Group company and
multi-specialist dealer for the Cat® Rental Store in Italy for Caterpillar machinery. Marking its
entry into heavy equipment asset management in Italy, LoJack Italia will install its proven
dual technology Stolen Vehicle Recovery (SVR) system and telematics
devices to protect CGTE's rental fleet of equipment against theft
and to collect real-time data for fleet and logistics
management.
The agreement builds on a longtime partnership between CalAmp
and Caterpillar in the United
States.
LoJack Italia will install its solutions on more than 4,000
assets across CGTE's domestic fleet. For combatting vehicle theft,
radio frequency technology, which is able to penetrate physical
barriers such as containers, warehouses, and garages, combined with
telematics will allow CGTE to secure and monitor assets, verifying
in real-time their distance traveled and battery levels. A series
of alarms will be activated if an asset starts or moves outside of
working hours, if a device is disconnected, or if an asset enters
or exits a geofenced area. All alerts will be managed by the LoJack
Secure Center, which operates 24/7 and will be able to verify each
incident and, in the event of theft, promptly initiate asset
recovery.
On the logistics side, LoJack's Italia's telematics devices will
allow CGTE to locate all assets in the fleet at any time and check
for regular maintenance and hours in operation for each vehicle—all
critical aspects of managing asset utilization.
"The agreement with LoJack Italia represents a strategic
partnership with great growth prospects in the future for CGTE,"
said Massimo Rossi, managing
director for CGTE. "We can increase the quality of our services
offered to customers—which for CGTE is at the heart of all of our
initiatives—and further improve the management of our rental fleet.
While we are already well known for our excellence in customer
support, these advanced connected systems will help us to deliver
an even higher standard of quality."
"This partnership with CGTE, a leading operator in the rental of
heavy equipment, is an important step for LoJack in the Italian
market," said Maurizio Iperti,
managing director of LoJack Italia and senior vice president of
LoJack EMEA. "The experience we've gained internationally in the
field of heavy equipment has now empowered us to offer companies
advanced, flexible and tailored solutions to help them protect and
manage these critical industrial assets."
About CGTE
The history of CGTE begins in 1995 with
NoloItalia, a company devoted to the rental of construction
machines and the Cat® Rental Store dealer for the Italian
territory. In 2010 we became CGT Edilizia, a General Provider
offering its customers integrated rental solutions in different
applications: building and construction, infrastructure (roads,
bridges and tunnels), landscaping, maintenance and renovations. In
2016, we created EIS, a new business unit focused on events,
exhibitions, industry and services, with a strong specialization in
the design and implementation of large plants and installations.
Our rental fleet is made up of over 8,000 machines and equipment,
managed through more than 100 locations and 700 commercial
consultants and service technicians all over Italy. From July
2020 we are CGTE, a new brand more consistent with our
identity as a leader among multi-service rental companies. With
CGT, CLS, CGT TRUCKS, STET, FINANZAUTO and the subholding
TEKNOXGROUP, we are part of Tesya, an international group that
includes 18 companies in 15 countries, more than 3,000 employees in
90 locations and a single purpose: to power the growth of people,
companies and communities. For more information visit cgte.it,
LinkedIn, Facebook or YouTube.
About LoJack Italia
LoJack Italia, a wholly-owned
CalAmp subsidiary, is a market leader in stolen vehicle recovery
and innovative automotive services in Italy and across the E.U., helping over 9
million people protect their assets and vehicles from theft. We
have been active in Italy for 10
years and are undergoing a strong growth phase with more than
500,000 software and service subscribers. Today, LoJack Italia is
leveraging CalAmp's telematics technology to create a new level of
value for the automotive, insurance, and car rental markets and
their end-customers through easily accessible, innovative connected
vehicle solutions. For more information, visit lojack.it or
LinkedIn, Twitter, Instagram, YouTube, or LoJack Blog.
About CalAmp
CalAmp (Nasdaq: CAMP) is a global
technology solutions pioneer transforming the mobile connected
economy. We help reinvent business and improve lives around the
globe with technology solutions that streamline complex mobile IoT
deployments and bring intelligence to the edge. Our software and
subscription-based services, scalable cloud platform
and intelligent devices collect and assess business-critical
data from mobile assets and their contents. We call
this The New How, facilitating efficient decision
making, optimizing mobile asset utilization and improving road
safety. Headquartered in Irvine,
California, CalAmp has been publicly traded since 1983 and
has 20 million products installed and over 1.3 million software and
services subscribers worldwide. LoJack®,
Tracker™ and Here Comes The
Bus® are CalAmp brands. For more information, visit
calamp.com, or LinkedIn, Facebook, Twitter, YouTube or CalAmp
Blog.
CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian,
iOn Vision and associated logos are among the trademarks of CalAmp
and/or its affiliates in the United
States, certain other countries and/or the EU. Spireon
acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business
from CalAmp, and holds an exclusive license to the LoJack mark in
the United States and Canada. Any other trademarks or trade names
mentioned are the property of their respective owners.
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SOURCE CalAmp