Fastrax Seals a 5 Million USD Deal with GE Equipment Services Europe

Fastrax Selected as Design and Manufacturing Partner for Custom-Made Tracking Devices

Fastrax Ltd., a provider of high performance GPS receivers and GPS software solutions for original equipment manufacturers, today announced the partnership agreement with GE Equipment Services Europe to develop a custom design concept for tracking devices. The value of the first phase of the project is 5 Million USD. The deliveries have already started and all units will be shipped within a year. Demand for the following year is expected to grow fast. 

GE Capital Solutions Europe’s Equipment Services is one of Europe’s leading providers of trailers, vans, railcars, construction equipment, trucks and associated services for rental and lease. Fastrax has worked with GE Equipment Services since 2007 to develop a unique tracking solution for their equipment services business. GE Equipment Services has previously used off-the-shelf solutions, but in order to meet and exceed customer expectations decided to partner with Fastrax to develop a custom-made solution that caters for their specific needs. 

GE Equipment Services required a tracking device with over five years of technical life. The device had to be quick and easy to install and work without cabled sensors. In addition, the device needed to support multiple asset management applications and provide connectivity to third party systems including Electronic Braking System (EBS), reefer engines and On Board Diagnostics (OBS).

Fastrax and GE Equipment Services Europe signed the project contract in spring 2007 and the collaboration will continue with follow-up projects that are currently under development.

Quelle: Fastrax