NEWS & EVENTS

DriveCam to Double Patent Portfolio

Jul 24/2012 PRESS RELEASE

SAN DIEGO – July 24, 2012 – DriveCam, Inc., a global Driver Risk Management Company, today announced that it continues to file new patents based on unique intellectual property to support new innovations in its business. With a significant number of patents pending, DriveCam will soon be more than doubling its patent portfolio.

“Over the past 14 years, DriveCam has become the leader in driver risk management due to its ability to offer a video-based solution built on its own unique intellectual property,” commented DriveCam CEO Brandon Nixon. “This sustained success allows DriveCam to continually invest in its products and services, resulting in new patents that focus on our core areas – prioritizing and preventing risky and inefficient driving and protecting drivers from false claims. As a result, we’re able to offer our clients the strongest return on  investment, while protecting their drivers and their communities. DriveCam will continue to assert its patent rights, protecting our customers and shareholders from unlawful use of our hard-won intellectual property.”

DriveCam addresses the causes of poor driving by combining data and video analytics with real-time driver feedback and coaching, resulting in reductions in collision-related costs and fuel consumption. This is accomplished using DriveCam’s Driver Science Engine, a classification model that assists in predicting the riskiest drivers within a fleet. Through a patented, iterative process of scoring, prioritizing and tracking the results of driving behaviors, this model identifies those behaviors that will most likely lead to a collision and has provided significant savings by helping fleets more effectively manage their drivers. Driving behaviors are captured through in-cab video, which are objectively reviewed and scored and then passed on to the fleet for use in coaching drivers; video provides the objective context for discussion with drivers about their behavior. Fleets manage the DriveCam Program through DriveCam Online®, a web-based online portal.

“We believe our current issued patents provide us a competitive advantage by protecting all aspects of our solution. Not only do we have patents covering the exposure of risky driving, but also the proprietary algorithms that help us prioritize risk,” explained DriveCam CIO Drew Martin. “Our growing patent portfolio advances our technology so that our clients get the greatest ROI from our easily implemented program while also protecting their drivers.”

About DriveCam, Inc.

As proven experts in compliance and the science of safe and efficient driving, DriveCam reduces collision-related expenses, fuel costs and the risk of audits and lost business for hundreds of commercial fleets worldwide. We identify and address the causes of poor driving by combining sight and sound with real-time, predictive analytics. With over 500 commercial and government fleet clients, DriveCam monitors 20 billion driving miles annually, while protecting more than 400,000 drivers worldwide. For more information, visit www.drivecam.com.

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