Telit and PST Electronics Partner to Enable Global Expansion into New and Emerging Markets
150K to hundreds of thousands of PST telematics devices connected by Telit IoT modules today to be powered by the Telit deviceWISE platform
Device management pilot to enable global expansion and new services such as predictive analytics
London, January 10, 2018 – Telit, a global enabler of the Internet of Things (IoT), today announced an expanded strategic partnership with PST Electronics (PST), a Stoneridge company and leader in telematics security, connected car supplies and telematics solutions in Brazil and South America. PST has selected the Telit deviceWISE platform to support the company’s aggressive plans to scale their IoT suite of solutions into new global markets.
Today, Telit cellular and GPS modules power hundreds of thousands of PST’s telematics services and products across Brazil, securely delivering real-time business intelligence to PST customers. 150,000 of those devices and future deployments will be enabled by Telit’s deviceWISE platform for device management, offering 24/7 management of devices, data connectivity plans and more from one easy-to-use interface, from anywhere in the world.
“Leveraging Telit’s deviceWISE platform allows us to execute the next stage in our corporate and technology initiatives with a focus on entering new markets with innovative services and an incredible user experience for our customers,” said Caetano Ferraiolo, President of PST Electronics. “Their capabilities and dedicated team of experts will further enable us to integrate IoT solutions beyond telematics and we couldn’t be more excited about what the future holds.”
“PST is preparing an expansion of their highly successful telematics solutions into new markets and segments and Telit’s IoT genius will help them deliver the scale, reliability and flexibility required to best serve their customers around the globe,” said Yosi Fait, CEO of Telit. “We’re proud to work with a leader like PST and look forward to deepening our partnership with them. Telit plans to drive new opportunities to PST through our extensive routes to market driven by key partners, mobile operators and system integrators who are focused on delivering global end-to-end, turnkey IoT solutions to their indirect customer base.”
PST’s expansion into new markets and services aligns with analyst firm, MachNation’s recent “State of the IoT Device Management Platform Market” report, which forecasts vendor revenues of more than 100% over the next twelve months.
Stoneridge, Inc. , founded in 1965, is a global designer and manufacturer of highly engineered electrical and electronic components, modules and systems for the commercial vehicle, automotive, off-highway and agricultural vehicle markets. Our products and systems are critical elements in the management of mechanical and electrical systems to improve overall vehicle performance, convenience and monitoring in areas such as emissions control, fuel efficiency, safety and security. Our extensive footprint, including our joint ventures, encompasses more than 20 locations in 15 countries and enables us to supply to global and regional commercial vehicle, automotive, off-highway and agricultural vehicle manufacturers around the world. Our custom-engineered products and systems are used to activate equipment and accessories, monitor and display vehicle performance and control, and provide vehicle security and convenience.
About PST Electronics
PST Electronics is a joint venture of Stoneridge, Inc. Founded in 1988, PST provides telematics, infotainment, comfort and security solutions for the automotive industry. The company develops tracking & trace, alarm for cars, motorcycles and trucks, car audio, power door lock and window lifters, parking sensors, blocking systems and instrument clusters. PST Electronics is a leader in automotive security and supplies to the major automakers in Brazil and South America. Its design center staff is capable of locally developing firmware, software, hardware and mechanical parts in a wide range of technologies such as radio frequency (RF) and ultrasonic sensing. The company is known by its two primary brands, PST Electronics serving the OEM automotive market, and Positron serving the independent aftermarket and Track&Trace Service market. Currently, the company has two factories in Brazil and a branch in Buenos Aires, Argentina.