Press release from Business Wire
GE Capital Fleet Services Expands Suite of Safety Products with Mobileye Agreement
<p> <i>First of its kind agreement in the fleet industry will help reduce the risk of collisions, increase CSA scores</i> </p>
Monday, June 10, 2013
GE Capital Fleet Services Expands Suite of Safety Products with Mobileye Agreement08:00 EDT Monday, June 10, 2013
EDEN PRAIRIE, Minn. (Business Wire) -- GE Capital Fleet Services today announced an agreement that will give GE's truck fleet customers access to the Mobileye collision avoidance system. The only National Highway Traffic Safety Administration-compliant system, Mobileye enhances driver safety, helps to reduce the risk of collisions and helps improve Compliance, Safety & Accountability (CSA) scores.
The agreement with Mobileye is the first of its kind in the fleet industry addressing the increasing concerns for driver safety. Mobileye notifies drivers of potential accidents by alerting them to impending collisions with cars, trucks, motorcyclists, bicyclists and pedestrians, when making an unintended lane departure, and when following the preceding vehicle too closely. Additionally, Mobileye's proprietary Traffic Sign Recognition technology identifies posted speed limits in real-time and alerts drivers to speed limit violations, reducing the likelihood of speeding tickets. Mobileye also automatically controls high beams depending upon distance to preceding and oncoming traffic.
This agreement is another important element of GE Capital Fleet Services' focus on safety solutions for customers. According to a recent survey administered by GE , driver safety was cited as the top concern of fleet managers – even outpacing the need to meet cost savings goals.
“We know that fleet managers are focused on both safety and their bottom line,” said Brad Hoffelt, senior vice president and general manager of products and services at GE Capital Fleet Services. “Enabling our customers to use Mobileye will help them keep collision-related costs down while building and maintaining safe driving habits.”
In addition to Mobileye, GE's safety product suite includes a safety-recall reporting system with Carfax; Accident Services reporting, repairs and subrogation; DriverCare MVR Manager for motor vehicle record compliance and reporting; and DriverCare Risk Manager for identifying at-risk drivers and assigning remedial training.
About GE Capital, Fleet Services
GE Capital, Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Mexico, Europe, Japan, Australia and New Zealand. Visit the website at www.gefleet.com or follow the company's eco news and updates via Twitter (@GEFleetSvcs).
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
Mobileye is a world leader in the development of Advanced Driver Assistance Systems. The company's unique vision-based platform, driven by its proprietary chipset and algorithms, works as a third eye to mitigate and avoid the risk of collision. Mobileye's comprehensive solutions are integrated into the vehicles of a growing number of manufacturers including BMW, General Motors, Ford, Volvo, and Honda, and are available for aftermarket installation into both new and existing cars and trucks. Headquartered in The Netherlands, Mobileye has offices in the United States, Israel, Cyprus, Japan, Germany and China. For more information, please visit www.mobileye.com.
GE Capital, Americas
Allison Perkins, 203-229-1447
GE Capital Fleet Services
Greg McCullough, 952-828-2858