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Leading UK bus operator extends partnership with MiX Telematics

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MiX Telematics (NYSE: MIXT) has renewed its contract with Reading Buses for an additional three years. This partnership enables Reading Buses to continue utilizing MiX's solutions, including the MiX Fleet Manager and real-time coaching tools, to enhance safety and efficiency in their operations. The collaboration aims to further integrate with existing systems and provide crucial vehicle data, supporting Reading Buses' commitment to comfort and safety. MiX Telematics, active in over 120 countries, serves 750,000 subscribers globally.

Positive
  • Contract renewal with Reading Buses for 3 years enhances long-term revenue stability.
  • Continued partnership allows for integration of advanced fleet management tools.
  • Focus on safety and efficiency aligns with industry trends, potentially attracting new clients.
Negative
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BIRMINGHAM, England and BOCA RATON, Fla., March 23, 2021 /PRNewswire/ -- MiX Telematics (JSE: MIX) (NYSE: MIXT), a leading global provider of connected fleet and mobile asset management solutions, has announced that Reading Buses, a UK-based bus operator, has fortified its partnership with MiX Telematics via a contract renewal.

Reading Buses have been transporting customers in and around Reading for over 100 years. They've successfully reduced car dependency for easier access to the area, for both visitors and residents.

"Reading Buses are excited to continue working with MiX Telematics and further develop our strong relationship, following a competitive tendering process. As we welcome more customers back onto our network, it's vital that we uphold our award-winning safety and comfort standards. The MiX solution helps us monitor our driving performance and continuously improve our efficiency. We have been particularly impressed with the ease of integration with our other systems," says Laurence Jenkins, Finance Director at Reading Buses.

Reading Buses have extended their contract with MiX Telematics for a further 3 years, covering their entire Reading and Newbury fleet of buses. The MiX Fleet Manager solution, alongside a real-time in-cab coaching tool and driver identification, is integrated with the ticket machine and connected to the vehicle CANbus to provide true vehicle speed, revs and fuel usage as well as engineering data such as low battery, and high engine temperature data.

"MiX Telematics is a leading global provider to the Bus & Coach industry with a large worldwide customer base in this segment due to our highly specialized solution offering and deep Bus & Coach expertize. Thus, we are delighted to continue our partnership with Reading Buses, who are recognized as a key, innovative operator in the industry. The last 6 years have been very exciting as we have worked closely together to reduce road risk and increase passenger comfort. We see Reading Buses as a very forward-thinking company and anticipate creating further projects to enable Reading Buses to achieve ever stronger business improvements," states Richard Adams, Sales Director for MiX Telematics Europe.  

About MiX Telematics

MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to 750,000 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.

For further information:

Marion Calvet
Marketing Manager (Europe)
MiX Telematics (Europe), 6180 Knights Court, Birmingham Business Park,
Birmingham, B37 7YB Mob: +44 7787 103 273
Email: Marion.Calvet@mixtelematics.com

Cision View original content:http://www.prnewswire.com/news-releases/leading-uk-bus-operator-extends-partnership-with-mix-telematics-301253525.html

SOURCE Mix Telematics

FAQ

What did MiX Telematics announce on March 23, 2021?

MiX Telematics announced the renewal of its contract with Reading Buses for an additional three years.

How long is the renewed contract between MiX Telematics and Reading Buses?

The renewed contract is for three years.

What solutions will Reading Buses continue to use from MiX Telematics?

Reading Buses will continue using the MiX Fleet Manager and real-time in-cab coaching tools.

What is the significance of the partnership renewal for MiX Telematics?

The renewal signifies a stable revenue stream and reinforces MiX Telematics' presence in the UK bus industry.

How many global subscribers does MiX Telematics have?

MiX Telematics serves 750,000 global subscribers.

MiX Telematics Limited

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