GE Asset Intelligence releases GPS Mileage, a virtual hubometer that allows easy, accurate, mileage-based maintenance and billing

Plano, TX – March 23, 2009 – GE Asset Intelligence has introduced a service that provides fleet owners the ability to track mileage readings on trailers without any additional hardware. Working with the VeriWiseTM tracking product, this service allows more timely maintenance based on trailer mileage but also provides accurate mileage-based billing for leasing companies. VeriWise GPS Mileage is the only ‘virtual hubometer’ available to the trailer fleet market today.

“This product further differentiates GE’s tracking products. The ability to lower maintenance costs of the trailer fleet is yet another benefit provided by the VeriWise solution. The trailer fleet market wants providers who not only offer a full line of trailer-management products with good customer support, but also have additional services that can help them increase their bottom line in this tough economic time,” said Darryl Miller, chief operations officer of Asset Intelligence.

“The trailer leasing industry has always looked for accurate ways to bill based on mileage. Now GPS Mileage provides an accurate means to do this while requiring no additional physical devices,” said Miller. “In addition, the GPS Mileage product gives you the power to know exactly when your maintenance is due.”

Multiple uses available

This product is designed to track multiple maintenance items. GPS Mileage can give customers up to 21 counters. For example, if a customer needs to know how long between brake inspections, a counter is designated to track brake mileage, and then an alert is sent over the website when the assigned mileage is reached.

The GPS Mileage service updates every minute when an asset is powered and moving. Using VeriWise’s easy-to-use web interface, customers simply set their parameters and then let the virtual mileage counter do the work.

The VeriWise product suite, which includes both cellular-based and satellite-based solutions, was recently ranked first in the latest vendor matrix released by ABI Research, a leading independent telematics research firm. Their matrix provides an evaluation of worldwide trailer tracking hardware vendors, and gives an unbiased rating of all prominent vendor offerings based on product implementation and innovation.

About GE's Asset Intelligence

Asset Intelligence is a provider of tracking solutions for manufacturers, retailers, shippers, and freight transportation providers. It offers a full range of equipment that provides mobile-asset tracking and condition-monitoring products and services to meet the market's desire for greater productivity, security and safety throughout global supply chains. Asset Intelligence (www.ge.com/assetintelligence) is a division of General Electric and is headquartered in Plano, Texas.