NEWS & EVENTS

Lytx Reaches Milestone with Over 200,000 Subscriptions in Service in 2014; Continues to be the Top Choice for Commercial Fleets Across the U.S.

Jan 19/2015 PRESS RELEASE

Exceeds Expectations with 25 Consecutive Quarters of Double-Digit Growth

Jan. 20, 2015 – San Diego, Calif. – Lytx, Inc., the global leader in driver safety, today announced record growth in 2014 with 57,000 new subscriptions-in-service (SIS), continuing its track record as the preferred partner in every significant commercial transportation segment. Lytx had a banner year, reaching an all-time high of over 200,000 SIS, adding more in 2014 alone than all other providers have in the history of their companies combined.

“This year was another exceptional one for Lytx. We are grateful to our clients for continuing to choose us,” said Brandon Nixon, Lytx CEO. “The momentum toward video-based safety and compliance solutions is accelerating across most transportation segments as evidenced by our continued trend of doubling subscriptions every two years. It took us six years to reach the milestone of 100,000 SIS protected by our program; we provisioned the second 100,000 in less than the last two years alone.”

Lytx’s DriveCam® Program and RAIR® Compliance Services is the only comprehensive solution that enables fleets to both reduce collision, fuel and maintenance costs resulting in an average six month payback, and improve all seven BASICs of a fleet’s CSA score by effectively changing driving and compliance behavior.

“This past year is just the beginning of our journey. Transportation is evolving quickly with innovations that are making it safer than ever before to be on the road,” continued Nixon. “Every day, we minimize client exposure and risk in every size fleet and sector—from trucking to transit– using our scale, expertise, technology, analytics and proven record to prevent collisions before they occur and keep our roadways safe.”

Industry leaders in every significant commercial segment select Lytx due to its proven, comprehensive program that includes best practices benchmarking against best-in-class for their industry, subject matter experts in minimizing financial, operational, legal and driver risk, combined with an innovative, open architecture and upgradable technology platform and proprietary analytics. As the only provider that has deployed its solutions fleet-wide to organizations with enterprise scaled fleets, Lytx has developed proven industry leading methodologies to positively transform organizations effectively within six months of program launch.

“We expect to continue on our growth trajectory in 2015, scaling up functions and adding system features to ensure we are constantly elevating the value we offer our clients and ultimately making our roads safer,” said Nixon.

Thanks to the hundreds of thousands of client vehicles on our roadways daily, Lytx analyzes tens of billions of miles annually to enable clients to quickly pinpoint and correct driving behaviors that will most likely lead to collisions – saving millions of dollars and preventing over 25,000 commercial vehicle collisions annually according to a 2014 Virginia Tech Transportation Institute study of heavy trucks and buses.

2014 Growth Highlights

  • 57,000 new subscriptions in service in 2014
  • Over 200 new companies joined the DriveCam Program in 2014
  • 450 of 1,300 clients expanded their fleet deployment of the DriveCam Program
  • 25th consecutive quarter of double-digit growth
  • 3rd consecutive year of orders exceeding $100 million annually
  • 40 percent revenue CAGR over past 5 years
  • EBITDA positive over past 5 years

Leading Organizations in Every Significant Segment Choose Lytx

  • 8 of the top 13 for-hire, less-than-truckload and truckload carriers
  • 2 of the top 3 transit companies
  • Largest propane distributor and top 4 industrial gas distribution companies
  • 6 of the top 8 foodservice and grocery distribution companies
  • 4 of the top 5 waste, disposal and recycling companies
  • 5 of the top 10 utilities companies
  • 2 of the top 5 concrete companies
  • 2 largest railroad companies and the top 3 rail crew shuttle companies
  • 7 of the largest cities and federal agencies

Lytx’s Video-Based Driver Safety Technology Can Save Lives; Prevent Collisions
In 2014, a Virginia Technology Transportation Institute (VTTI) study of heavy trucks and buses using the Lytx DriveCam Program concluded the following results:

  • 801 potential lives saved annually
  • 25,007 potential commercial vehicle collisions prevented annually
  • 39,066 potential commercial vehicle injury collisions prevented annually

About Lytx
At Lytx™, we harness the power of data to change human behavior and help good companies become even better. Our flagship product, DriveCam powered by Lytx™, sets the standard for driver safety in the industries we serve, and our RAIR® Compliance Services helps DOT-regulated fleets comply with safety regulations, complementing the DriveCam® Program. We protect more than 1,300 commercial and government fleet clients worldwide who drive billions of miles. Our clients realize significant ROI by lowering operating and insurance costs, while achieving greater efficiency and compliance. Most of all, we strive to help save lives – on our roads and in our communities, every day. Lytx is privately held and headquartered in San Diego. For more information, visit www.lytx.com, @lytx on Twitter, or on our YouTubechannel.

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Lytx; DriveCam powered by Lytx; Lytx Engine; Lytx Insights; Sense, Predict, Prevent; Delivering Insights. Driving Results are trademarks of Lytx, Inc. DriveCam, DriveCam Online and RAIR are registered trademarks of Lytx, Inc.

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