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News and Announcements

Connexion Media to Launch Flex at APAC 2015

  • Published February 18, 2015 11:21AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

ASX Announcement

Flex to be launched at APAC 2015

18 February 2015, Melbourne, Australia: Connexion Media Limited (ASX:CXZ), an innovator in the connected car market, will launch its cloud-based connected vehicle management service Flex at the 18th Asia Pacific Automotive Engineering Conference to be held in Melbourne on 11 & 12 March.

Flex will be exhibited at the conference to be held at Crown Promenade in the lead up to the Melbourne Formula 1 Grand Prix. The internationally renowned conference attracts over 200 delegates to witness sessions showcasing the latest in automotive technology, research and development.

The launch of Flex comes after further excellent results from the BETA trials, with many trial participants expected to make the transition to become paying customers.

As outlined at the Connexion Media AGM in November, the first phase of the Flex roll-out will concentrate on Australia, China and the UK. The total addressable market for the product in Australia alone is 2.6 million vehicles.

A campaign promoting Flex comprised of radio and online marketing will commence from the date of the product launch. In addition to advertising, Connexion plans to further market Flex via events and public relations endeavours.

As expected immediate revenues will be generated from Flex on a subscription basis starting at $19.99 per vehicle per month on a 36 month contract, with 12 and 24 month contracts also available.

“The Flex vehicle management service has been designed and developed from the outset for a global market,” said Connexion Media CEO and managing director George Parthimos.

“It is extremely appealing to both fleet managers and vehicle owners locally and abroad, and given the feedback thus far we expect a swift uptake.”

Flex provides users the ability to manage an entire fleet of vehicles from a central control point using cellular mobile connectivity. It provides tracking information to the control point so key performance indicators can be assessed including customised reporting.

Flex is able to track a range of real time and historical data including the location of vehicles, distance travelled, fuel consumption, battery life, engine performance and absolute and average speeds travelled. It is also able to monitor driver behaviour and instantly send notifications and alarms to vehicle owners and fleet managers.

Vehicle owners, fleet managers and drivers will benefit from Flex in a number of ways including improving productivity, safety and vehicle management as well as avoiding OH&S oversights.

The Flex hardware required for each vehicle is a small device that connects to the vehicle’s OBD-II port. This port is standard on most vehicles manufactured after 1996. The hardware then has direct access to the vehicle’s central computer system and can directly access a wide range of important vehicle data information.

The data is sent to the Flex cloud service through a 3G network connection, where it is analysed and made available to the vehicle owner or fleet manager through the dynamic Flex web portal.

For more information on Flex visit: www.flexvs.com

CONTACT

George Parthimos                        Rudi Michelson
CEO & Managing Director               Monsoon Communications
Connexion Media Limited               (03) 9620 3333
0401 616 433

About Connexion Media

Connexion Media Ltd (ASX:CXZ) is a technology company specialising in developing and commercialising software apps and services for the web connected car, mobile device and connected consumer electronics markets. It is based in Melbourne Australia, with a sales office in Cambridge UK.

About Flex

Flex is a cloud based, integrated vehicle management system that gives you control over your entire fleet of cars, trucks and other vehicles from a central point. It simultaneously tracks – in real time – all key performance indicators of your vehicles such as geo-location, fuel, distance, engine, and speed. It also helps improve productivity, driver behavior, and increase awareness of vehicle or fleet performance.

www.flexvs.com

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