WebTech Wireless Supplies UK Distributor for Contract Win with Major Auto Insurer - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 9, 2010 Newswires
Share
Share
Post
Email

WebTech Wireless Supplies UK Distributor for Contract Win with Major Auto Insurer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2010) - WebTech Wireless Inc. (TSX:WEW), a leading provider of vehicle fleet location-based services (LBS) and telematics technology, today announced the signing of a contract to provide 10,000 WT5000 Locators(TM) to its UK-based distributor, VeriLocation Inc. The sale is a result of VeriLocation winning a three-year contract to supply a leading UK insurance company with in-vehicle, GPS location devices for their innovative young drivers insurance program.

An initial delivery of 2,000 units under this program was completed in June.

Under the young drivers program, actual vehicle usage is tracked by the WT5000 Locator and reported in real-time to the insurance company and its customers via VeriLocation's web-based applications. Incentives are then provided to policyholders to limit automobile use by young drivers to lower-risk hours of the day. The result is reduced insurance premiums and claims, and increased safety.

"By combining our innovative VeriLocation vehicle management software with WebTech Wireless' proven in-vehicle hardware, we can offer an end-to-end solution to our insurance customers," said Andrew Overton, Managing Director of VeriLocation. "Not only can we reduce costs for all parties, but we can increase safety and provide piece of mind to families that purchase our customer's products."

"VeriLocation won this contract after an extensive pilot that demonstrated the superior performance of the WebTech Wireless product and the ROI available for insurance companies that adopt this model," said Scott Edmonds, President and CEO of WebTech Wireless. "Auto insurance is a huge telematics market and this contract demonstrates our ability to work with key partners to successfully sell to leading insurance providers in the markets we've targeted."

"This contract is evidence of our ability to deliver value to insurance customers as they begin to recognize and harness the benefits of telematics," said Edward Kulperger, Vice President of Insurance, OEM and International Business at WebTech Wireless. "In addition to the UK, we continue to pursue several opportunities for our evolving suite of insurance industry solutions in North America and overseas."

This latest sale underscores WebTech Wireless' commitment to meeting the rapidly evolving needs of the automotive insurance industry worldwide.

About VeriLocation

VeriLocation is one of the UK's leading providers of GPS fleet tracking and telematics systems with over 20,000 vehicles being tracked in the UK, Europe and Middle East. VeriLocation is part of Overview Mapping Limited, which specializes in location-based services and web-based applications. For more information, please visit www.overviewmapping.com.

About WebTech Wireless(R)

WebTech Wireless Inc. (TSX:WEW) is a provider of vehicle fleet location-based services (LBS) and telematics technology. It develops, manufactures and supports end-to-end wireless solutions that improve the productivity, profitability, environmental compliance and safety of vehicle fleets. Its comprehensive suite of products and services include: Automatic Vehicle Location (AVL), mapping, vehicle diagnostics, CO2 reporting, navigation, messaging, and mobile resource management. The Company serves customers of all sizes in the transport, government, service, insurance and OEM markets in over forty-one countries, including Fortune 500 companies. Specialized products include: Quadrant(R) fleet management software, InterFleet(R) solutions for government, and NextBus(TM) real-time passenger information services for transit fleets.

This News Release may contain forward-looking statements involving risks and uncertainties pertaining to, but not limited to, product plans, timing, content, pricing of products, market and industry expectations, the wireless communications and mobile fleet industries, and general economic and political conditions. Given the risks and uncertainties inherent in the markets and industries referred to in this News Release, WebTech Wireless cannot guarantee that any forward-looking statements will be realized.

All amounts in Canadian dollars (CDN$) unless otherwise noted.

Trademarks are the property of their owners.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

 FOR FURTHER INFORMATION PLEASE CONTACT:         The Equicom Group Inc. - Investor Relations         Ross Marshall         Vice President         +1 416.815.0700 ext 238         [email protected]          WebTech Wireless Inc.         Joe Dhami         Investor Relations         +1 877.811.4518 ext 462         [email protected]          WebTech Wireless Inc.         Eric Wilson         Press and Media         +1 778.386.2712         [email protected]         www.webtechwireless.com  Source: WebTech Wireless Inc. 

Older

M&A Navigator: Deal pipeline – 8 July

Advisor News

  • What advisors need to know about the life settlement boom
  • Report: Many Americans paying up to 45% of annual income on auto loans
  • Latest state budget raises taxes on Californians, ignores voter priorities
  • What advisors and clients must know about Roth conversions
  • Worker retirement confidence dips to lowest level in a decade
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Why annuities are gaining traction with younger investors
  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
More Annuity News

Health/Employee Benefits News

  • Karnes County renews employee health insurance benefits
  • Fresno’s Community Health System and Blue Shield end stalemate, reach new agreement
  • Goliad council delays engineering decisions, approves employee health plan renewal
  • Roberts Disability Law Sues Unum Life Insurance Company of America on Behalf of Disabled Valero Refinery Operator for Allegedly Underpaying Long-Term Disability Benefits
  • Judge allows UnitedHealth 401(k) forfeiture lawsuit to proceed
More Health/Employee Benefits News

Life Insurance News

  • Roberts Disability Law Sues Unum Life Insurance Company of America on Behalf of Disabled Valero Refinery Operator for Allegedly Underpaying Long-Term Disability Benefits
  • Avoid the ‘summertime slump:’ Strategies to remain productive
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Symetra Partners with PlanSource to Streamline Workforce Benefits Administration
  • Royal Neighbors of America achieves record growth
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet