MiX Telematics Signs Contract with Large Oilfield Company for Expanded Services

MiX Telematics (NYSE:MIXT) announced on Monday that an large oilfield service company has signed a contact to expand its adoption of MiX Solutions.

The oilfield services company is set to add MiX’s premium fleet management solution to an additional 1,000 vehicles in its USA fleet for improved safety and compliance metrics.

As quoted in the press release:

This global leader has been a customer of MiX Telematics for over 10 years, and has more than 5,000 vehicles under subscription in North America, the Middle East and Europe, the majority of which are in the USA. Of the installed base, 1,800 vehicles have adopted MiX’s Hours of Service solution to ensure they meet the ELD requirements instituted by the FMCSA.

Having seen the value in the actionable intelligence received over the last four years, the company wanted to expand driver monitoring to further improve driving behavior in order to reduce the number of crashes while also improving overall safety and efficiency.

“MiX has built a strong relationship with this loyal customer over many years, providing them with a world-class telematics solution for over a decade. As a strong telematics partner to all the leading players in the Oil & Gas industry, MiX understands our customers’ needs and we are very pleased to have signed this contract expansion,” said Charles Tasker, Group Chief Operating Officer at MiX Telematics.

Click here for the full text release.