July 23, 2014 9:48 AM ET

Communications Equipment

Company Overview of Intelligent Mechatronic Systems Inc.

Company Overview

Intelligent Mechatronic Systems Inc. provides connected vehicle solutions through intelligence on drivers, vehicles, and transportation infrastructure. It specializes in the research and development of solutions in the areas of telematics, automotive safety, and mobile media. The company offers iLane, a human machine interface (HMI) for in-vehicle media, messaging, and location-based services; DriveSync, a machine to machine (M2M) telematics platform that powers usage-based insurance (UBI), traffic intelligence, road tolling, fleet intelligence, and management programs worldwide; and embedded and aftermarket HMI solutions. It also provides M2M and telematics solutions that include UBI Intell...

435 King Street North

Waterloo, ON N2J 2Z5

Canada

Founded in 1999

Phone:

519-745-8887

Fax:

519-745-9774

Key Executives for Intelligent Mechatronic Systems Inc.

Chief Executive Officer
Chief Operating Officer
Vice-President
Vice President of Emerging Technology
Vice President of Marketing
Compensation as of Fiscal Year 2014.

Intelligent Mechatronic Systems Inc. Key Developments

Intelligent Mechatronic Systems Inc. Opens DriveSync Platform for Next Generation of Connected Car Services

Intelligent Mechatronic Systems Inc. unveiled the next generation of the DriveSync® connected car platform, which now enables partners to develop value-added solutions within the newly opened cloud based architecture. By unlocking the DriveSync platform to accept a diverse range of automotive ecosystem partners, any vehicle built after 1996 with an OBD-II port can immediately receive connected car services using IMS' plug-and-play technology through the DriveSync platform. Next Generation of DriveSync Connected Car Services: Examples of services and capabilities the DriveSync open platform now enables partners to tap into, include: Roadside Assistance: DriveSync technology seamlessly connects to third party roadside assistance providers to communicate vehicle location, the last known vehicle direction and key vehicle health data (including status of charging and cooling systems, fuel levels and active diagnostic trouble codes). Claims Management: The DriveSync platform can integrate into third party claims management systems to provide the estimated severity of an accident, the point of impact on the vehicle and the location of the vehicle post-accident to facilitate faster and more efficient claims processing. Incident Detection: Push notifications of suspected incidents to fleet managers, roadside assistance providers, insurance carriers and to external systems are now offered within the DriveSync platform. Upon confirmation, incident detection enables faster notifications to insurance carriers, which helps facilitate replacement vehicle information or towing services. For fleet managers, incident alerts can be used to trigger the dispatch of an alternate vehicle to ensure minimal disruption to overall fleet operations. Flexible Vehicle Options: The platform now supports heavy vehicles through the J1939 interface, as well as current OBD-II and professional installation options, providing the DriveSync platform with the widest range of in-vehicle options for telematics programs. Availability: Early adopter programs have already been underway. Interested automotive ecosystem partners can take advantage of IMS' DriveSync connected car platform starting today, by selecting from a broad range of open data services.

Sprint Teams with IMS to Offer Premium Turnkey Insurance Telematics Solution

Sprint announced that IMS UBI Intelligence is now available through its Integrated Insurance Solution portfolio for auto insurance customers, provided by Intelligent Mechatronic Systems (IMS). The interest in UBI continues to peak as insurance companies customize their in-vehicle offerings for broad consumer groups, such as everyday commuters, new drivers and commercial fleets. IMS UBI Intelligence offers insurers an accurate way to develop a drivers score (policy premium) based on their actual driving behavior, coupled with the ability to discover new, related revenue streams. These advantages are then passed along to consumers who may receive lowered auto insurance costs by choosing to plug a telematics device into their vehicle's port to measure driving data (distance travelled, vehicle braking and acceleration patterns). Due to the emerging benefits to drivers, Frost & Sullivan forecasts annual growth of the UBI market to be 36% per year, with the U.S. market reaching one million annual activations by 2017.

Intelligent Mechatronic Systems Inc. Introduces Next Generation Fleet Intelligence solution at Insurance Telematics USA 2013

Intelligent Mechatronic Systems previewed its next generation IMS Fleet Intelligence solution at Insurance Telematics USA 2013. IMS Fleet Intelligence provides accurate solution at a competitive, all-in-one price point for fleets of all sizes. The initial feature set is ideal for the underserved, smaller-sized fleet market of two to fifty vehicles and includes real-time vehicle location, behavior-based events and alerts (speeding, acceleration and braking), fuel consumption, idle time information, trip distances, shift tracking using smartphones, and customized vehicle/driver reporting. Since IMS Fleet Intelligence is built on the IMS DriveSync(R) Connected Car(TM) platform, this technology also extends into Usage-Based Insurance, providing a fleet-oriented UBI solution for commercial lines insurers. Commercial lines insurers now have the opportunity to provide their small fleet businesses with actuarial-grade data by offering a fleet management portal to their customers. This provides businesses with the advantage of insurance discounts and lower claims using the same tool that manages their fleets.

Similar Private Companies By Industry

Company Name Region
Rockstar Consortium Inc. Americas
NetCorp Inc. Americas
ResQ Mobile Services Americas
Kool Telecom Ltd. Americas
ROM Communications Inc. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Intelligent Mechatronic Systems Inc., please visit www.intellimec.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.