LITTLETON, Colorado— November 1, 2016—PassTime today announced the launch of the Elite 5, an LTE Cat 1-based telematics device serving consumer, franchise dealership, fleet and specialized finance company markets. The Elite 5 is the first LTE Cat 1-based GPS device certified on Verizon’s 4G LTE network, the nation’s largest and most reliable 4G LTE network, to serve the subprime automotive finance market in the US. In addition, the Elite 5 will feature advanced power-saving functionality.
“The Elite 5 is a huge accomplishment for PassTime. Bringing the first LTE Cat 1-based device into the payment assurance market will provide our customers with access to the most reliable 4G LTE network and provide for network longevity which is critical to our customers,” said Chris Macheca, COO at PassTime.
PassTime has been a valued member of the Verizon Partner Program for nearly two years
since launching a CDMA device on Verizon’s wireless network in 2014. The company continues to provide innovative products and access to the latest technologies, helping ensure its customers have the best technology options to fit their needs.
“PassTime is a valued partner that has made several fleet devices available to Verizon customers,” said Chris Schmidt, Executive Director at Verizon. “We are pleased to see cost-effective 4G LTE solutions such as PassTime’s Elite 5 Cat 1 device come to market and provide a new solution to serve the subprime auto finance market that connects to Verizon’s 4G network”.
For more information on PassTime’s new Elite 5 device, please contact PassTime at 877-727-7846 or firstname.lastname@example.org
PassTime GPS has been in business for nearly 25 years in the global transportation industry. Our wireless GPS telematics products are available for multiple sectors of the automotive industry including auto dealers, auto finance companies, auto leasing companies, insurance companies and fleet transportation providers. Our products are available in the USA, Canada, Europe, Latin America, Asia Pacific and the Middle East. We design, engineer, manufacture and distribute our own products and we have more than 25 patents protecting our technology. Visit www.passtimegps.com for more information or email email@example.com
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of nearly 162,700 and generated nearly $132 billion in 2015 revenues. Verizon operates America’s most reliable wireless network, with 113.2 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation’s premiere all-fiber network, and delivers integrated business solutions to customers worldwide.