Connexion Media Limited (ASX:CXZ) (‘Connexion’) is pleased to announce that leading fuel card provider WEX Australia has launched its Flex-based WEX branded product, called WEX Motorpass Telematics, to its fuel card holders through an initial pilot program in Victoria.
Under Connexion’s three-year white label distribution contract with WEX Australia, announced in September 2015, WEX Australia will actively market WEX Motorpass Telematics to WEX fuel card holders in Victoria.
The initial pilot program will target around 400 premier WEX fuel card holders with an initial total addressable market of 11,500 vehicles. The pilot will run for six months and pending its success, there is potential for a national roll-out of the product.
This major partnership is expected to generate strong SaaS revenue uplift for Connexion. In conjunction with the Flex after-market hardware device to be supplied by Connexion, users can begin to track a range of real-time and historical data about their vehicle, including location, distance travelled, fuel consumption, battery life, engine performance and average speeds travelled.
WEX Australia is a wholly-owned subsidiary of NYSE listed WEX Inc. WEX fuel card holders can sign up to the service by visiting https://telematics.motorpass.com.au.
George Parthimos, CEO of Connexion Media, commented:
“We are very excited to see leading Australian fuel card provider WEX Australia launch our Flex technology to around 400 of its Victoria-based premier fuel card customers. In addition to generating strong SaaS revenues for the Company, the partnership serves as another strong validation of the commercial viability and demand of our Flex product, building on our work with General Motors and its Commercial Link product. We look forward to working with WEX to ensure a successful pilot program and potential national roll-out thereafter.”