Novatel's Machine-to-Machine Radios to Be Used by Vehicle Tracking SystemsThursday, February 27, 2014
A Long Island, N.Y. maker of vehicle tracking electronics is updating its product line with the help of San Diego-based Novatel Wireless.
Novatel (Nasdaq: NVTL) said that Vehicle Tracking Systems LLC will buy two styles of machine-to-machine radios, the MT 4100 and MT 3050, to support Vehicle Tracking Systems’ Silent Passenger application. Novatel did not disclose the value of the deal.
In doing so, the service provider is transitioning from the GPRS radio standard to the CDMA standard.
Vehicle Tracking Systems offers fleet management and telematics services to its clients.
Sunnyvale-based Premier Wireless Solutions is the distributor linking Novatel to Vehicle Tracking Systems.
Shares of Novatel closed Feb. 27 at $2.49, up 2 cents on the day. The shares’ 52-week range has been $1.85 to $4.43.