Wright Express Corporation
(NYSE: WXS) and Networkcar, a leader in wireless vehicle management,
today announced a strategic relationship designed to offer remote vehicle
maintenance diagnostics and GPS vehicle location information to their
common customers. In addition, Networkcar plans to offer a Wright Express
co-branded fuel card to its commercial fleet customers. Wright Express will
market hardware, remote vehicle diagnostic services, and vehicle location
services powered by Networkcar.
"This strategic relationship is an exciting opportunity for both companies.
Wright Express and Networkcar offer unique functionality to their respective
customers. By combining the offerings of each company, we will be able to
jointly offer relevant new services that simplify fleet management and save
our customers time and money" said Paul Washicko, president of Networkcar.
"The relationship builds on product synergies and complimentary value
propositions," said Michael Dubyak, president and chief executive officer of
Wright Express. "Both Wright Express and Networkcar provide exceptional
control and cost containment to businesses with vehicles. The information
that Wright Express and Networkcar provide to their customers is also
complimentary. We plan to combine the fuel, diagnostic, and vehicle location
data to provide extraordinary value to common customers."
The relationship will provide Wright Express customers with enhanced services
and increased program value. In addition to the current benefits they receive
from the Wright Express program, customers will benefit from accurate, real-
time odometer capture, improved real-time alerts and maintenance data, and
potential future data integration and additional data reporting. Combined with
fuel cost savings, fleets will enjoy additional operating cost reductions
through the elimination of unnecessary miles, route and dispatch optimization,
and reduction in overtime costs. Safety will be enhanced through real-time
remote diagnostics, GPS-enabled roadside assistance, and speed alerts.
Wright Express chose Networkcar as an industry leader with a robust, easy to
use product that is offered at a very competitive price.
) is a leading provider of services for
remotely monitoring the performance and location of fleet vehicles.
Networkcar's wireless in-vehicle technology merges patented remote
diagnostic systems with GPS-based Automatic Vehicle Location technology.
Networkcar's wireless vehicle management solution, Networkfleet, helps fleet
operators reduce operating costs and improve productivity by providing
remote online access to detailed vehicle information ranging from vehicle
location to fuel efficiency trend data. The company has received several
recognitions for its innovation including a 2005 Telematics Update Magazine
Award for Best Commercial Vehicle Solution and a 2004 Technology
Leadership Award from Frost and Sullivan for Remote Vehicle Diagnostics.
Networkcar is a wholly-owned subsidiary of HUGHES Telematics, Inc. and is
headquartered in San Diego, CA.
About Wright Express
Wright Express is a leading provider of payment processing and information
management services to the U.S. commercial and government vehicle fleet
industry. Wright Express provides these services for approximately 300,000
commercial and government fleets containing 4.3 million vehicles. Wright
Express markets these services directly as well as through more than 125
strategic relationships, and offers a MasterCard-branded corporate card. The
Company employs more than 670 people and maintains its headquarters in
South Portland, Maine. For more information about Wright Express, please