Altea and Ubiq Combine their Expertise to Offer Innovative Telematic Solutions

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 1, 2009 -- First to be introduced are Fleet Management and Localization-based technologies, to be provided initially in Peru and then to be potentially rolled out in South America. The cooperation also aims at introducing customized solutions for insurance companies such as Pay–As–You–Drive (PAYD) or Pay-Per-Use (PPU). This will enable insurance companies (and car drivers) to significantly reduce their costs by exactly profiling their insurance according to the real needs, habits and usage attitudes of the drivers.

UBIQ is a Peruvian company that researches, develops and integrates market solutions for M2M (machine-to-machine) communication. By partnering with ALTEA, UBIQ consolidates its business with the addition of state-of-the-art telematics services, adding new business opportunities and widens the range of the applications offered to the final customer, greatly reducing time-to market. More info on www.ubiq-corp.com

ALTEA introduces for the first time to the Peruvian market its unique-to-the-world Open Telematics Platform (OTP). ALTEA’s Open Telematics Platform is adaptable to a wide range applications: Safety & Security (such as anti-theft vehicle tracking and eCall), Fleet Management, Customized insurance (such as Pay-As-You-Drive), Traffic Management, Remote Diagnostics. More info on www.altea.net

Key feature of the patent pending OTP is to be the world's only open platform, working with virtually any onboard device, protocol and mapping system.

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