Leading Brazilian passenger transport group expands sustainable partnership with MiX Telematics

Rhea-AI Summary

MiX Telematics (NYSE: MIXT) announced a significant expansion of 2,000 new subscriptions for its fleet management solutions with a Brazilian Bus and Coach customer, increasing total subscriptions to 4,015. The expansion aims to enhance safety, sustainability, maintenance, and fuel efficiency. Notably, the existing fleet has experienced a 15% reduction in fuel consumption, contributing to carbon dioxide emission reductions equivalent to 9,435 trees monthly. This partnership underscores MiX's commitment to delivering valuable insights and exceptional customer service.

Positive

• Expansion of 2,000 new subscriptions to reach 4,015 total subscriptions.
• 15% reduction in fuel consumption for the existing fleet.
• Partnership supports sustainability with significant monthly CO2 reduction.

Negative

• None.

SÃO PAULO and BOCA RATON, Fla., March 17, 2022 /PRNewswire/ -- MiX Telematics (JSE: MIX, NYSE: MIXT), a leading global SaaS provider of connected fleet management solutions, is pleased to announce the expansion of 2,000 new subscriptions to its integrated fleet management technology for an existing Brazilian-based Bus and Coach customer in the country's southeast region, taking their fleet coverage with MiX to 4,015 subscribers.

The company's core focus and the reasons for expanding services with MiX Telematics are to improve its safety, sustainability, maintenance, and fuel-consumption targets across a wider fleet base. The customer has already seen strong improvements in these metrics, including a 15% fuel reduction across the currently equipped fleet, and seeks to continue this successful trajectory. Covering more than 8 million driving miles per month, the considerable fuel reduction generated by the MiX solution on the currently equipped fleet has an estimated beneficial impact every month on carbon dioxide emission reduction equivalent to the ecological role performed by 9,435 trees.

"We are particularly proud to be associated with a national company of this stature and the trust that they have instilled in our fleet management technology bears testament to our commitment to consistently provide valuable insights and customer service to match. MiX is dedicated to helping this customer see even better results across their operations," states Luiz Munhoz, Managing Director, MiX Telematics Brazil.

About MiX Telematics

MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to 790,500 global subscribers spanning more than 120 countries. The company's products and services provide enterprise fleets, small fleets and consumers with solutions for efficiency, safety, compliance and security. MiX Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Mexico, Australia and the United Arab Emirates as well as a network of more than 130 fleet partners worldwide. MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and on the New York Stock Exchange (NYSE: MIXT). For more information, visit www.mixtelematics.com.

Contact:

Melanie Esterhuizen
melanie.esterhuizen@mixtelematics.com  
Brand & Communications Manager – MiX Telematics

View original content:https://www.prnewswire.com/news-releases/leading-brazilian-passenger-transport-group-expands-sustainable-partnership-with-mix-telematics-301505121.html

SOURCE MiX Telematics

FAQ

What is the recent announcement by MiX Telematics regarding subscriptions?

MiX Telematics announced the addition of 2,000 new subscriptions, bringing its total to 4,015 for a Brazilian Bus and Coach customer.

How much has fuel consumption decreased for MiX Telematics' existing fleet?

The existing fleet has experienced a 15% reduction in fuel consumption.

What environmental impact does the MiX Telematics solution have?

The fuel reduction achieved contributes to CO2 emission reductions equivalent to the ecological role of 9,435 trees monthly.

Which stock exchange is MiX Telematics listed on?

MiX Telematics is listed on both the Johannesburg Stock Exchange (JSE: MIX) and the New York Stock Exchange (NYSE: MIXT).