Archive for the ‘Technology’ Category

Flying J’s Transportation Alliance Bank Provides $7 Million Working Capital Line to DriverTech, LLC

Friday, August 1st, 2008

Ogden, Utah – August 1, 2008 – Transportation Alliance Bank (TAB), a subsidiary of Flying J Inc., a Utah based corporation and leader in highway hospitality, announces that it has provided a $7 million working capital line to DriverTech, LLC.

JJ Singh, President and CEO of TAB, announced, “TAB is very pleased to provide $7 million working capital facility to DriverTech, LLC., a fast growth company and leading innovator of Mobile Computing and Mobile-Com services to the transportation industry. The technology platform provided by DriverTech is game-changing and enables DriverTech to provide Mobile Computing and Communication solutions that are not currently provided by its competitors.”

Mark Haslam, CEO of DriverTech, LLC., said: “We are very pleased to have TAB as our bank as we continue to rapidly grow our business. TAB’s unprecedented knowledge of the industry provides DriverTech with a banking relationship where there is a full understanding of our business and customer needs and therefore provides a firm foundation for a long term relationship between DriverTech and TAB. We believe this is especially beneficial for our customers because TAB understands this market and has confidence in its long term prospects”.

About Transportation Alliance Bank:
Transportation Alliance Bank (TAB) was established in 1998 in Ogden, Utah in an effort to extend financial services to professional drivers and trucking companies beyond the limits of traditional banks. TAB has developed a variety of financial products, including: accounts receivable financing, MasterCard® debit and credit cards, equipment loans, savings and investing programs and an extensive network of ATM’s located in Flying J travel plazas across the country.

About Flying J Inc:
Flying J, a privately held company headquartered in Ogden, Utah and is currently ranked among Forbes Top 20 Private Companies in America. This fully integrated oil company employs over 16,000 employees throughout the U.S. and Canada through its interstate operation, transportation, refining and supply, exploration and production, as well as its financial services and communications divisions.

About DriverTech:
DriverTech is the next generation mobile communication system with a full range of services and state-of-the-art applications for the transportation industry. The DriverTech system provides intelligent links to key information that improves driver quality of life and trucking efficiency metrics. The DriverTech system is a true ‘Tri-Mode’ system (Satellite, Cellular and WiFi) that automatically routes data via the lowest cost communication option. DriverTech is committed to enabling customers to improve their operational efficiency through mobile applications, while leveraging the lower cost, wireless networks that are available and continually expanding.

DriverTech Offers Reduced Costs to Trucking Industry with “Innovative” DT4000 Using Wavecom Modems

Monday, February 12th, 2007

SALT LAKE CITY – (BUSINESS WIRE) – February 12, 2007 – DriverTech, an industry leader in electronic on-board recording, computing, and communications for full truck load carriers, has partnered with Wavecom to provide a tri-mode system that utilizes satellite, Wi-Fi and cellular communications.

“The DT4000, a highly efficient, open computing ‘Truck PC,’ determines the best method of communication while considering efficiency and cost. This gives carriers the ability to communicate more effectively with drivers at every stage in their process. With the DT4000, 90% of messaging traffic is sent over a cellular connection using a Wavecom modem. This saves customers 60% in airtime costs as compared to other tracking systems that rely on single-mode communications” said Mark Haslam, DriverTech’s President and CEO. He continued by saying, “the combination of versatility, cost reduction and tracking capabilities makes this product a powerful asset to our customers, and improves the way they manage their fleets.”

Some of the fleets who are experiencing these benefits include large carriers such as U.S. Xpress, Interstate Distributor, and Anderson Trucking Service.

In addition, the DT4000 employs GPS, nationwide street level mapping, Microsoft Windows XP, open architecture hardware and more. This solution gives DriverTech customers an innovative, cutting edge system that will meet their current and future needs at a lower operating cost than alternative solutions. The DriverTech system is also being introduced into other markets, including private fleets, military, and oil and gas services. This promising expansion is possible because of the platform’s flexibility and the ease with which new applications can be created.

More information about the DriverTech DT4000 system can be found at http://www.drivertech.com.

About DriverTech, LLC
DriverTech designs and builds the DT4000 system, which is an open, Windows XP-based, onboard computer system for vehicles. The DriverTech system provides in-vehicle, computing resources and an intelligent link between the driver and many sources of data communication coming from or to the vehicle such as work assignments, mapping along with GPS information, and engine data. The DriverTech system is a true ‘Tri-Mode’ system (Satellite, Cellular and Wi-Fi) that has the ability to connect these wireless networks simultaneously and then use a least-cost algorithm to automatically route data via the lowest cost communication option. Used in both government and commercial applications, the system is built to military specifications and will withstand the heat, cold, moisture, and vibration typical of a vehicle environment. Fleets use a suite of DriverTech software as well as their own applications on the DT4000. DriverTech has shown that its system immediately enables fleets to leverage not only many software applications, but also the multitude of lower cost, wireless networks that are available and continually expanding. For more information please visit www.drivertech.com.