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Drive-IT signs distribution agreement in Germany

Drive-IT signs distribution agreement in Germany Vehicle telematics solutions developer Drive-IT has signed its first international distribution agreement. The contract is with software company chitec to market Drive-IT's communications solutions and terminals for car pools in Germany. "We view this agreement with chitec as the first step in rolling out our telematics solutions for car pools on the European market. Germany, home to 42 million of the 172 million cars in total in Europe, is absolutely one of the most important markets for our products. The rise of car pools has also come

Drive-IT launches telematics solution for car sharing at CeBIT

Drive-IT launches telematics solution for car sharing at CeBIT Vehicle telecoms solutions developer Drive-IT, has unveiled an in-house developed fully computerised system for car sharing. It will be launched at the CeBIT Fair in Hanover from 22-28 March, hall 26 stand A39. The solution which enables vehicles to be used more cost efficiently, will be targeted at both car clubs and companies with large vehicle fleets throughout Europe. The system features a Drive-IT terminal connected to the onboard electronics in the vehicle. Information on distances and times driven, etc is then transferred

Major growth opportunity for Drive-IT

Major growth opportunity for Drive-IT Vehicle telematics solution provider Drive-IT is set to start serial production of its communications system for car pools. The system has been developed for the Norwegian Oil company Statoil's new car pool service for private and corporate clients. Drive-IT expects the order to grow substantially in 2001. "We are convinced the market for car pools both for private individuals and companies offers tremendous potential. At present there are around 8,000 vehicles in European car pools. As people increasingly come to appreciate the major financial and

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