Novatel Wireless, Inc., a leading provider of intelligent wireless solutions, today announced that it has entered into a Supply Agreement with LoJack SCI, the leading supplier of supply chain integrity and tracking solutions.
The agreement includes Machine-to-Machine (M2M) mobile tracking and workforce monitoring devices by Novatel Wireless, which will serve as a key component of LoJack SCI’s cargo and asset tracking offerings. The Agreement also provides for recurring revenue share by Novatel Wireless generated from LoJack SCI’s service offerings facilitated by Novatel Wireless technology.
LoJack SCI will market, install and service a wide range of Novatel Wireless’ Mobile Tracking (MT) and workforce monitoring solutions, including its industry leading MT™ 4000 and the Mini-MT™. Novatel Wireless Mobile Tracking products will be optimized and integrated with the LoJack InTransit platform to provide high value security, chain of custody and environmental tracking of cargo and related assets, maximizing supply chain performance for their clients.
“This strategic agreement enables both companies to strengthen their position as best-in-class providers of M2M solutions to the enterprise and consumer markets,” said Peter Leparulo, CEO of Novatel Wireless.
“LoJack SCI’s strong brand, excellent reputation and far-reaching market presence will introduce Novatel Wireless’ mobile tracking and workforce monitoring solutions to new business segments, enabling LoJack SCI to provide safety, security, monitoring, protection and recovery for a growing range of valuable assets and entities.”
Ted Wlazlowski, CEO and President of LoJack SCI, said:
“This agreement is a vital element in our strategy to continue building on our market leadership with a wider range of solutions that add value for our supply chain tracking customers. Novatel Wireless’ industry leading M2M device portfolio coupled with our innovative services and enterprise solutions will serve both existing and new customers with the best-in-class supply chain tracking solutions.”