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PHH Arval Announces New Telematics Service

March 31, 2005

SPARKS, MD – PHH Arval, a subsidiary of PHH Corporation, on March 29 announced PHH Onboard, a new telematics fleet service. After several years of development and the completion of a successful alpha test in January 2005, PHH recently started beta testing the service. PHH Onboard will deliver services in three key fleet-related areas: productivity, risk management, and vehicle performance. PHH says the service combines telematics technology with fleet information and consultative expertise to lower fleet costs, increase the safety and productivity of employee drivers, and enhance the performance of critical business assets. In the fall of 2004, PHH formed a strategic alliance with The Reynolds and Reynolds Company and its Networkcar unit to develop onboard technology products. “PHH Onboard is the result of many years of technology and service development, market research, and partnerships with our clients and industry leaders such as Networkcar,” said Paige O’Neill, senior vice president, product development and marketing for PHH. “Our pilot clients are seeing early results that have virtually eliminated speeding in their fleets, reduced fuel costs, provided 100 percent accurate odometer readings, and improved their corporate risk profiles.”PHH Onboard is expected to be generally available in the fall of 2005. The service offering will combine the following:Networkcar’s industry-leading technology for remote monitoring of vehicle performance, location, and security.Data analysis and policy recommendations based on PHH’s consultative expertise and over 10 years of industry and vehicle data stored in PHH’s award-winning data warehouse.Real-time reporting via the Internet that enables greater control over fleet drivers and expenses, sets benchmarks for measuring productivity and performance, and enhances decision-making.O’Neill concludes, “PHH Onboard is a powerful convergence of telematics technology, extensive information stored in PHH’s data warehouse, and nearly 60 years of fleet management consulting expertise. We believe the results will revolutionize fleet management, as this technology helps fleets dramatically lower costs, enhance productivity and risk management, and improve vehicle performance.”
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