14th Jul 2021 13:08
(Alliance News) - Pires Investments PLC investee CameraMatics has partnered with UK transport and logistics operator Maritime Transport Ltd to fit connected smart camera systems across its entire fleet, it said on Wednesday.
Pires Investments is an investment company focused on next generation technology and its investee CameraMatics is an 'internet of things' fleet and vehicle safety technology specialist.
Maritime operates a fleet of more than 1,500 trucks, employing over 2,000 drivers.
CameraMatics has provided Maritime with a 360-degree camera setup, including in-cab driver-facing cameras and left-turn alerts and smart sensors. The drivers appreciate the extra visibility the technology provides and the protection it gives them from fraudulent claims, Pires said.
"The partnership confirms the company as a leading player in the fleet technology industry at a time when fleet safety is growing ever-more important. Following its recent funding round, completed in January 2021, we are excited about the future for CameraMatics," said Pires Chair Peter Redmond.
Shares in Pires were down 4.1% at 7.10 pence each in London on Wednesday afternoon.
By Amrit Sahota; [email protected]
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