Predictiv AI Inc (CVE:PAI) (OTC:INOTF) (FRA:71TA) announced Tuesday that its subsidiary, Weather Telematics Inc (WTX), has formalized a strategic product integration partnership with commercial fleet technology company Propel IT Inc.
The new partnership is designed to significantly enhance the real-time road hazard data available to drivers and dispatchers. WTX's hyperlocal, advanced road weather hazard alert system warns drivers of impending dangerous conditions such as black ice, poor visibility and hydroplaning, the company said.
Once commercially deployed and integrated, the Alert Fleet system will run as a Software-as-a-Service (SaaS ) model with a monthly recurring revenue component proportionate to the number of vehicles within a customer's fleet, it added.
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Propel IT is a technology and data company that maximizes safety and efficiency in commercial fleets that has been serving the transportation and logistics industry in the United States for more than 9 years. The company is focused on improving driver safety, lowering insurance costs, and reducing environmental impact through fuel savings.
"Smarter driving to us means preventing and reducing the impact of accidents for drivers and others on the road,” Propel IT President Michael Dieschbourg said in a statement. “By integrating Alert Fleet with our existing software offerings, our users will now have access to unparalleled real-time advanced hazardous road condition alerts which greatly enhances our efforts to save lives and minimize accidents that could otherwise have been preventable,"
Alert Fleet, originally launched last year, is designed to prevent the estimated 400,000 road accidents involving large trucks and vehicles which happen every year.
"The demand for safer driving is always increasing and has been further heightened as critical supply chains continue to be challenged by the impact of COVID-19. Since the beginning of the pandemic, fatal accidents are actually up, while miles driven are down in the United States," Predictiv AI CEO Michael Lende said.
"With multiple clients in North America, Propel IT is the ideal fleet solutions company to integrate with, already having many synergistic clients built into their network. We're very excited about the opportunity of having Alert Fleet part of a full end-to-end solution for fleet management and optimization."
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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