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Press Release

Risk Technology and Innova partner to deliver integrated vehicle diagnostics and fleet management solution

Next generation telematics provider, Risk Technology Inc. has continued its expansion in the United States by forming an exclusive partnership with diagnostic reporting provider Innova Electronics. Risk's telematics platform and Innova's sophisticated diagnostics tools will form the backbone of new integrated fleet management solution, Innova Fleet Services.

Innova, a leading supplier of test equipment and diagnostic reporting for the automotive aftermarket, has more than 30 years' experience in supplying sophisticated insights on vehicle maintenance to the fleet management industry.

Innova Fleet Services will integrate a comprehensive database of common vehicle fixes into Risk's telematics platform to give drivers and fleet managers complete visibility over any issues with their vehicle. Via Risk's on-board devices (OBD) the solution will also be able to provide added value insights, such as suggestions on when vehicles need to be serviced, replacement part numbers, estimated labour times and quick links to make it easier to purchase parts directly. This will significantly improve the efficiency of the relationship between fleet and parts managers.

The Risk Technology platform will also provide fleet managers with a more effective and comprehensive solution for managing their assets, by delivering insight into vehicle locations, time spent on the road and job completion data. Driver behaviour and crash detection information can also help to improve efficiency, reduce costs and improve overall fleet performance.

Mark Packman, CEO at Risk Technology, said: "This partnership will bring the huge benefits of telematics and diagnostics data to US fleets of anything from 2 to 2,000 vehicles. By integrating parts data within the system, we're also simplifying the process of rectifying problems with individual vehicles.

"From proactively advising clients on what they should do when their vehicle has 3,000 miles on the clock, to simplifying the autoparts procurement process, our relationship with Innova will transform fleet management in the US."

Mike Fitzgerald, VP and general manager at Innova Electronics, said: "When evaluating potential partners for our new fleet management offering, Risk stood out above the others.

"Their approach is new and fresh. Unlike the multitude of legacy fleet systems, Risk worked with us to develop an intuitive system with contemporary elements like infographics. More importantly, the system is flexible and customisable, allowing us to incorporate in-depth diagnostics and special features only offered by Innova."

Notes for editors:

About Risk Technology
Risk Technology works with major international brands to seize the opportunities being created by next generation telematics.

The data generated from connected vehicles is helping firms to operate more efficiently and increase profits. The information supplied is also enabling brands to engage with motorists in new ways.

Armed with sophisticated insights, provided by Risk's patent protected technology, companies can take positive actions that boost customer loyalty and generate new revenue streams.

The team has a huge amount of experience rolling out these telematics solutions across a range of global markets.

Key sectors include:

  • Insurance
  • Fleet and lease management
  • Breakdown service / roadside assistance
  • Auto parts retailers
  • Telecommunications
  • Emergency Services

About Innova Fleet Services
Innova Fleet Services offers a unique fleet management system designed to help North American fleet managers effortlessly manage small and medium sized fleets.

Affordable and easy-to-use, the new Innova system has innovative features not found on more expensive fleet systems, including in-depth diagnostics and information on the real-time condition of vehicles. For more information on Innova Fleet Services, call (714) 424-6768 or visit www.fleet.innova.com.

Innova Fleet Services is a subsidiary of Innova Electronics Corporation, a leading supplier of test equipment and diagnostic reporting for the automotive aftermarket, offering high quality products, innovative diagnostics and value to our customers. Distributed from facilities in the U.S. and Canada, all Innova products are researched, developed and designed at the company's headquarters in Irvine, Calif.

For more information please contact:
Nikki Scrivener or Emily Heaton
Fourth Day PR
Tel: 020 7403 4411
Email: nikki@fourthday.co.uk or emily@fourthday.co.uk