inthinc Expansion Continues as Revenue Growth Exceeds 85 Percent over Two-Year Span
SALT LAKE CITY - 01/17/2013 - inthinc Technology Solutions Inc., a global provider oftelematics,fleet management anddriver safety solutions, celebrated another successful year of innovation and growth.
Named one of America's Fastest Growing Companies by Inc. Magazine for the third year in a row in 2012, inthinc has continued its substantial success by helping customers reduce accidents, save millions of dollars in fleet operational costs and comply with federal commercial carrier regulations. Built on strong results fromexisting customers, inthinc increased year-over-year revenue by 85 percent in 2012 from 2010, adding national and multi-national corporations to its community. inthinc expanded its reach internationally - now used in 17 different countries - by adding an operations and support center in La Serena, Chile to meet the growing demand emerging in South America.
inthinc also expanded its executive leadership with the appointment of Skip Kinford - former CEO of mobilEye North America - as inthinc Executive Vice President of Global Sales and Customer Services, and Bruce Huber - former Senior Director of Safety and Health at Barrick Gold Corp. - as Vice President of Mining and Safety.
As a two-time Telematics Update 'Best Aftermarket Device or Solution' finalist, inthinc continues to add valuable and innovative features to its product and service offerings that improve fleet safety and efficiency while lowering operational costs. In August of 2012, it was announced that Cintas Corp. had successfully reduced vehicle speeding by 85 percent and vehicle incidents by 46 percent with inthinc's waySmart® Real-time Verbal Coaching technology.
To improve air quality and reduce the amount of wasted gas, inthinc introduced in-cab verbal coaching idle alerts to its service offerings. With inthinc customers having reduced idle time by 53 percent on average, inthinc received the Utah Business Magazine 'Green Business Award'.
As the industry leader in fleet safety, management and compliance,inthinc expanded its thought leadership in 2012. inthinc hosted its second annualOil and Gas Fleet Management Forum in Houston, partnering with Clean Cities Houston and the Texas Department of Public Safety to address prominent Oil and Gas leaders on fleet management and efficiency. Additional forums for fleet managers in all industries were held in Dallas, Las Vegas, SALT LAKE CITY and Seattle. Due to the success of the forums, inthinc introduced a monthlyonline seminar series, showing companies how they can cut costs, meet compliance standards and improve driver safety.
According to a study conducted by C.J. Driscoll and Associates, Latin American revenues from vehicle location hardware sales and services for fleets and consumers are projected to total nearly $2.7 billion by 2014. With 2013 seen as the tipping point for an international boom in the telematics industry, inthinc is poised to expand its success from the past six years. With the existing core of driver coaching and vehicle performance monitoring - combined with the open platform engineered to integrate with other business solutions - inthinc will be the most advanced fleet management solution in the industry. With an increasing number of government regulations and a need for greater fleet efficiency, inthinc is the only solution capable of solving the diverse driver safety, fleet management andcompliance requirements of allindustries.
inthinc is a global company centered on telematics, fleet management and driver safety solutions. Its breakthrough technologies are designed to safeguard lives, save money and protect the environment. inthinc technology has been documented to reduce accidents by 90 percent, reduce speeding by 86 percent, decrease maintenance costs by 20 percent and reduce fuel costs. For more information, please visithttp://www.inthinc.com.
# # #