CalAmp Corp. is a telematics pioneer leading transformation in a global connected
economy. We help reinvent businesses and improve lives around the globe with
technology solutions that streamline complex Internet of Things (“IoT”)
deployments through wireless connectivity solutions and derived data intelligence.
Our software applications, scalable cloud services, and intelligent devices
collect and assess business-critical data anywhere in the world from industrial
machines, commercial and passenger vehicles, their passengers and contents.
We call this The New How, powering data analysis interaction, facilitating efficient
decision making, optimizing resource utilization, and improving road safety.
Since our inception, we have sold over 20 million telematics devices and related
connected products, and have built an industry-leading brand in the global telematics
marketplace. Our products, software and application services are sold into a
broad array of market verticals including transportation, government, construction,
and automotive to customers in the United States, Latin America, Western Europe,
Asia Pacific, Middle East and Africa. Our brand and technological leadership
have driven the adoption of our connected devices with small to mid-size customers
as well as large global enterprises such as Caterpillar, AT&T, Verizon,
Trimble, Omnitracs and Penske Automotive Group. CalAmp is a global organization
that is headquartered in Irvine, California.
Connected telematics products. Our connected telematics products combine innovative
technology with adaptable and customizable functionality and industry-leading
reliability. Our telematics product portfolio includes a series of Mobile Resource
Management (“MRM”) telematics devices for the broader IoT market,
which enable customers to optimize their operations by collecting, monitoring
and effectively reporting business-critical information and desired intelligence
from high-value remote and mobile assets. These wireless networking devices
include asset tracking units, mobile telematics devices, fixed and mobile wireless
gateways and routers, which underpin a wide range of our own and third party
software applications and solutions for business-critical applications demanding
secure and reliable communications and controls anywhere in the world. Our customers
select our products and solutions based on optimized feature sets, configurability,
manageability, long-term support, reliability and, in particular, overall value.
Our deep understanding of our customers’ dynamic needs and their respective
vertical markets, applications and business requirements remain key differentiators
for us. As a result, we have created an installed-base of over 20 million devices
worldwide, establishing the CalAmp brand as a global telematics product leader.
CalAmp Telematics Cloud platform (“CTC”). Our CTC applications
enablement platform connects customers to a wide range of applications and micro
services, which enhances the value of our telematics products. Currently, we
have installed over 7 million devices connected to our CTC, which are capturing
and reporting business-critical data on a real time basis. Our cloud-based service
enablement and telematics platform facilitates integration of our own applications,
as well as those of third parties, through open Application Programming Interfaces
(“APIs”), which our partners leverage to rapidly deliver full-featured
IoT solutions to their customers and markets. Our proven CTC is architected
to integrate with numerous global Mobile Network Operator (“MNO”)
account management systems and to leverage the carrier backend systems to provide
customers access to services that are essential for creating and managing flexible
end-to-end solutions.
Our highly customizable applications were developed to address industry-specific
requirements including FleetOutlook, AssetOutlook, GovOutlook for the enterprise
fleet, construction, and government fleet market verticals. Additionally, we
have SC iOn for supply chain visibility and iOn Hours for the Electronic Logging
Device (“ELD”) federal mandate for the long haul trucking markets.
We have also developed telematics applications under the consumer facing LoJack
brand with our recently introduced solutions of LoJack SureDrive targeting the
consumer telematics segment and LoJack LotSmart for automotive dealer inventory
management. This broad range of applications coupled with our CTC platform services
have enabled us to steadily grow our base of recurring revenue subscribers to
approximately 730,000 at fiscal year end.
Our connected telematics products and software solutions address a wide variety
of applications across key vertical markets typically characterized by large
enterprises with significant remote and/or mobile assets that perform business-critical
tasks and services that are otherwise difficult to manage in real time. In such
situations, our solutions provide a clear and demonstrable return on investment.
Our products and solutions benefit our customers in the following ways:
Increasing productivity, improving communications and optimizing performance
of fleets and mobile workers. Applications include vehicle tracking, dispatch
and route optimization, fleet diagnostics and maintenance, work flow improvement,
driver behavior monitoring, as well as training and work-alone safety initiatives.
Improving the automobile dealer, vehicle owner and vehicle insurer experience.
Applications include connected car and insurance telematics solutions that expedite
the claims process for insurers, improve lot management for automobile dealers
and provide early warning alerts and other connected car services for consumers.
Enabling comprehensive tracking and management services for cargo and containers.
Applications include local and long haul trailer tracking, management and logistics,
container tracking and status, refrigerated container monitoring and control,
high-value asset as well as cargo monitoring and delivery assurance combined
with local and intermodal pallet/cargo logistics and tracking.
Producing unparalleled stolen vehicle recovery for cars, trucks and SUVs, and
new connected car services for businesses and consumers. Applications include
stolen vehicle recovery, safety and security technologies, alerts to emergency
personnel that are triggered by accidents, vehicle location and status monitoring,
and enhancements to car dealership operations, customer peace of mind and incremental
revenue opportunities.
Providing monitoring, control and automation of remote industrial equipment
and critical infrastructure. Applications include freshwater and wastewater
management, irrigation system control, traffic monitoring systems, oil and gas
flow, transportation and distribution, automated reading of commercial utility
meters, as well as monitoring and control of substations and other critical
energy grid infrastructure.
Securing, tracking and managing financed vehicles and assets. Applications
include asset tracking for sub-prime vehicle finance lenders and Buy Here Pay
Here automobile dealers, rental equipment tracking and remote car start.
Facilitating comprehensive monitoring, tracking and telematics for heavy equipment
and commercial trucking. Applications include heavy equipment maintenance, usage
optimization and tracking, rental equipment tracking and usage, yellow iron
and attachment management, indoor/outdoor forklift and loader location, impact
detection and telematics, as well as transportation industry regulatory compliance,
such as hours of service and onboard electronic logging requirements.
Enabling usage-based insurance, enhanced claims processing and delivery of
comprehensive value-added services for the vehicle insurance industry. Applications
include driver behavior, scoring and feedback, crash discrimination, automated
first notice of loss, accident damage assessment and estimation, teen driver
tracking and management, roadside assistance and predictive maintenance.
Delivering end-to-end visibility and regulatory compliance for cold chain management.
Applications include visibility of product location, availability and condition
for temperature-sensitive drugs, perishable food and high-value consumer goods.
Rapidly enabling the delivery of comprehensive managed services for machine
and equipment OEMs. Applications include service, maintenance, tracking, monitoring
and control for generators, turbines, compressors, small engines (e.g., outboard
motors, ATVs and electric carts) and power tools.
Providing reliable, easy-to-use wireless communications solutions for fixed,
mobile and portable enterprise data applications. Examples include digital signage,
kiosk/high-value vending and video surveillance.
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