MiX Telematics Introduces Industry First Connected Asset Solution

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Sep 08, 2016, 09:42 ET

LAS VEGAS, Nevada, September 8, 2016 /PRNewswire/ --

MiX Telematics (NYSE: MIXT), a leading global provider of fleet and mobile asset management solutions, is introducing a unique, industry-first asset tracking solution for moveable assets.

MiX Tabs will provide customers with a highly effective solution to keep track of valuable assets including generators, light towers, storage tanks and pumps. This will allow for increased visibility of assets, resulting in improved asset utilization and reduced loss.

MiX Tabs leverages a unique and secure company network that is formed by connecting tagged assets to vehicles equipped with MiX's on-board computers. A customer's fleet reports the last-known location along with a date and time stamp of the tagged assets as they pass by.

Catherine Lewis, Executive Vice President of Technology at MiX Telematics explains: "These details are captured by our MiX Fleet Manager solution, which allows customers to view the whereabouts of assets as well as when the asset was last spotted. In addition, MiX's reporting suite adds even further value, allowing reports to be generated from historic data to show when assets were moved from one location to another. This also helps ensure assets never go 'missing' and are always allocated to the correct cost center."

Customers using MiX Tabs will have increased visibility of their assets and the necessary intelligence to ensure optimal utilization.

"MiX Tabs is an extremely innovative and cost-effective asset tracking solution. The self-powered beacons are wireless, easy to install and last for three years or more. As global leaders in the telematics industry, we have listened to our customers' needs and provided an industry first solution that gives them more control and oversight. This is an exciting new addition to MiX's broad product range, and we are looking forward to harnessing the power thereof to helping our customers become more efficient," says Lewis.

About MiX Telematics

MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to more than 578,000 subscribers in over 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, 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 http://www.mixtelematics.com/.

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Contact information

Yudhvir Ranchod

Brand and Communications Specialist

MiX Telematics (International

E-mail: [email protected]

Tel: +27 21 880 5601

SOURCE MiX Telematics