MiX Telematics and CANGO partner to deliver advanced fleet data experience

Rhea-AI Summary

MiX Telematics (NYSE: MIXT) has announced an innovative partnership with CANGO Mobility to enhance fleet management solutions. This collaboration aims to leverage CANGO's advanced CANBUS technology to improve the analysis and utilization of vehicle data within MiX's SaaS framework. With a customer base spanning over 120 countries, MiX Telematics delivers notable ROI, typically 10:1, and aims to optimize fleet data access for both new and existing vehicles. This partnership highlights MiX's commitment to providing comprehensive solutions that extend beyond OEM capabilities.

Positive

• Partnership with CANGO Mobility enhances MiX's fleet management solutions.
• Collaboration aims to unlock vehicle data potential for better analytics.
• MiX provides a strong ROI of 10:1 and significant collision reduction of 60%.

Negative

• None.

BOCA RATON, Fla., April 8, 2022 /PRNewswire/ -- MiX Telematics (JSE: MIX, NYSE: MIXT), a leading global SaaS provider of connected fleet management solutions, is pleased to announce an innovative partnership with CANGO Mobility, a specialist in the development of products and solutions for advanced CANBUS and vehicle data signals.

MiX Telematics provides modular and scalable connected fleet SaaS solutions to customers in more than 120 countries, delivering transformative outcomes, with a return-on-investment of typically 10:1 and collision reduction of 60% with their premium telematics and video solution.

CANGO's comprehensive rich vehicle data CANBUS Library augments the MiX solution by unlocking the full potential of fleet vehicles' raw data sets, for extensive analysis and customer outcome creation within MiX's SaaS solution.

"Whilst OEM partnerships are accelerating quickly and are a key pillar of our customer experience strategy, many existing vehicles in our customers' fleets do not yet benefit from OEM connected fleet capabilities. In such scenarios, it is vital that our customers should still experience the benefits of deep vehicle data. Our partnership with CANGO enables us to extend this rich data experience, augmented with the extensive analytics and fleet optimization SaaS tools that we specialize in," states Catherine Lewis, MiX Telematics' Executive Vice President of Technology.

"We are happy to contribute to MiX's journey and vision for future fleet management solutions that will bring more added value in the market. This partnership is based on close collaboration between both teams; it is gratifying to see that CANGO's experience and expertise related to CANBUS and vehicle data processing is highly valued by one of the leading global providers of fleet and mobile assets solutions," says Puiu Dumitru, CANGO's Chief Executive Officer.

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.

About CANGO

With more than 20 years of expertise in measurement and signal vehicles processing, CANGO can be your number one technology partner for Vehicle-to-X solutions. CANGO's products portfolio makes for a complete, competitive offer of solutions validated by successful implementations on the worldwide market for telco, telematics suppliers, providers and integrators. Starting with vehicle data gathering/ingestion and ending with high-end solutions CANGO provides innovative and integrated tailor fit solutions for various industries like logistics, transportation, construction, oil & gas, mining, agriculture or smart mobility and public transportation. For more information visit www.cangomobility.com.

Contact:

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

View original content:https://www.prnewswire.com/news-releases/mix-telematics-and-cango-partner-to-deliver-advanced-fleet-data-experience-301520290.html

SOURCE MiX Telematics

FAQ

What is the recent partnership between MiX Telematics and CANGO about?

MiX Telematics has partnered with CANGO Mobility to enhance their fleet management solutions by utilizing advanced CANBUS technology for better vehicle data analysis.

How does the MiX Telematics partnership with CANGO affect their customers?

The partnership allows MiX Telematics to provide deeper insights and analytics concerning vehicle data, benefiting customers with both new and existing fleets.

What are the expected benefits of the MiX Telematics and CANGO collaboration?

The collaboration aims to deliver enhanced analytics capabilities, improving efficiency and safety in fleet management.

What is the stock symbol for MiX Telematics?

MiX Telematics is publicly traded under the stock symbol 'MIXT'.

Which industries will benefit from the MiX Telematics and CANGO partnership?

The partnership will predominantly benefit industries such as logistics, transportation, construction, and smart mobility.