Eagle-i Holdings Plc
New Contract Win
Three year partnership agreement with Hitachi
Eagle-i Holdings PLC ("Eagle-i" or the "Company"), a leading developer and
supplier of vehicle positioning and fleet management technology and services,
announces a three year strategic partnership agreement with Hitachi Capital
Vehicle Solutions Limited ("Hitachi"), a member of the Hitachi group of
companies, which should deliver annual revenues in excess of £1 million.
Under the agreement, Hitachi will market Eagle-i's award-winning products and
services to its customer base and new prospects as an integrated component of
its `Capital Control' fleet management solution.
Recently published research by Hitachi, designed to explore fleet managers'
attitudes towards greener driving initiatives, has revealed that a majority
(58%) believe that telematics technology will ultimately help to make fleets
more environmentally friendly, while 42% believe it will be able to deliver
financial savings.
Ian Walmsley, Chief Executive Officer of Eagle-i commented:
"This new agreement is a further endorsement of Eagle-i's partnership-based
growth strategy, which aims to develop differentiated and sustainable
propositions in collaboration with market leading organisations in the fleet
market. We look forward to working closely with Hitachi's management to ensure
maximum uptake of Hitachi's new telematics proposition amongst its UK customer
base, which collectively operates over 45,000 vehicles."
Simon Oliphant, Managing Director of Hitachi Capital Vehicle Solutions Limited,
commented:
"Tighter budgets and green targets mean that reducing fuel consumption is now a
top priority for fleet managers. Our recent fleet research highlights the
growing recognition that telematics is a tool that can provide fleet managers
with the visibility and control they need to reduce both running costs and
carbon footprint of their vehicles".
"Having conducted a thorough evaluation of leading telematics suppliers, it was
clear that Eagle-i offered Hitachi best of breed solutions in terms of
technology innovation, business model and professional implementation services.
We believe this exciting new partnership will offer a real point of
differentiation for Hitachi in a competitive vehicle leasing market".
24 November 2008
Enquiries:
Eagle-i Holdings Plc +44 (0)1928 795 400
Ian Walmsley ian.walmsley@eagle-i-telematics.com
WH Ireland Limited +44 (0)161 832 2174
Robin Gwyn/David Youngman
Haggie Financial LLP +44 (0)20 7417 8989
Nicholas Nelson/Kathy Boate Nicholas.nelson@haggie.co.uk
About Hitachi Capital Vehicle Solutions
Based in Newbury, Berkshire, Hitachi Capital Vehicle Solutions combines
technology with market leading customer service to offer the full spectrum of
tailor-made fleet finance and fleet management services including all forms of
funding, maintenance management, accident management and daily rental
management. The company operates a specialist commercial vehicle services
division from Trowbridge, and its 45,000 vehicles range from cars, small,
medium and large vans to HGVs with specialist ancillary equipment such as
cranes and tail lifts. In the industry's Landmark Survey, Hitachi Capital
Vehicle Solutions has achieved the highest Customer Satisfaction Index score
overall since 1998.
For more information please visit: www.hitachicapitalvehiclesolutions.co.uk
About Eagle-i
Established since 1995 and quoted on AIM, Eagle-i's modular fleet, asset and
mobile workforce management solutions have enabled hundreds of businesses
across the UK and Europe with the capability to drive down operational cost,
increase productivity and improve environmental and legislative compliance. As
one of Europe's leading Integrated Telematics Service Providers, delivering an
award-winning blend of technologies, solutions and consulting services, Eagle-i
offers a comprehensive capability portfolio including vehicle tracking, mobile
data messaging, satellite navigation, stolen vehicle recovery,
telematics-enabled risk management (TERM) and lone-worker protection solutions.
For more information please visit: www.eagle-i-telematics.com