Smart car technology developer Connexion Telematics (ASX: CXZ) has announced its fleet management software is now in operation for General Motors Corporation.
The Melbourne-based company today advised the market that its OnTRAC software has been launched and commissioned for the multinational car manufacturer’s Courtesy Transportation Program (CTP).
The news follows Connexion’s announcement last August of a three-year contract with General Motors to design, develop and deliver applications and supporting infrastructure to automate the program.
To date, Connexion has reported more than 69,900 registrations for the software, including 11,548 enrolments for the Cadillac Courtesy Transportation Alternative (CTA) program.
The uptake of registrations has increased significantly since the company’s estimated figure of more than 23,000 vehicles in October 2018.
“This is a significant turning point in the company’s history as it validates and gives credibility to its telematics software programs, and its development team’s ability to deliver programs on time and on budget,” Connexion chairman Mark Caruso said.
“It also demonstrates the wonderful opportunity we have as a company, having exclusive agreements with our valued partner General Motors Corporation where our technology solutions are built into all GM vehicles from factory,” he added.
Connexion’s OnTRAC fleet management software enables General Motors to manage demonstrator vehicles across 3,666 US-based registered dealers (including Buick, GMC, Chevrolet and Cadillac) to support the service and customer care processes under the CTP and CTA programs.
As a direct result of the General Motors dealer exposure, Connexion has reported a 45% growth in its Commercial Link Fleet Management subscription base since October 2018. The total figure now stands at 4,329 subscriptions.
The company is now projecting a subscription revenue base of more than 74,234 through its CTP/CTA and Commercial Link GM Telematics software programs.
Mr Caruso said Connexion would now focus on “growing profitability over the ensuing period as the CTP/CTA programs roll out”.