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WebTech Wireless to Supply 8,000 Locators for Deal With EFU General Insurance Company in Pakistan

WebTech Wireless Inc. (TSX:WEW), a provider of location-based and fleet Telematics services, and EFU General Insurance Company (EFU), an insurer located in Pakistan, announced that WebTech Wireless’ master distributor Tracking World (Pvt) Limited, has received a supply agreement to establish a newly created vehicle theft and recovery service for the insurance industry in Pakistan.

Following a successful trial period, EFU General Insurance Company recognized the benefits of reducing insurance risks with the deployment of WebTech Wireless Quadrant products and services. The system included locators installed in both commercial and passenger vehicles with state-of-the art AVL applications and reporting. Increasing customer satisfaction and security were the compelling factors for deployment of the service.

"The insurance industry throughout Europe, Latin America, and Asia are investing in Automatic Vehicle Location (AVL) systems to provide a higher level of service to their customers," said Cameron Fraser, Chief Technical Officer and co-founder of WebTech Wireless. "We anticipate that GPS technology will accelerate the introduction of insurance products based on driving habits as well as for theft recovery."

 [October 24, 2007]


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