DigiCore recently received the Vehicle Security Association of South Africa (VESA) award for outstanding product innovation and loss reduction in fleet management. Competing against eight other reputable contenders, DigiCore took the prestigious award with our C-Track fleet solutions system.
The company's business is to provide and disseminate pertinent management information to its customers, both commercial and industrial, for the efficient management of mobile assets such as vehicle and cargo, for logistic and security purposes. DigiCore currently has an installed base of over 75 000 systems globally.
Furthermore, the 12 months to 30 June 2001 marked DigiCore's third year as a JSE-listed company in which it exceeded its forecast by achieving a R308m annual turnover. This was a 217% increase compared to the R97,3m recorded in the previous year and reflects the successful completion of phase one of the five-year debis fleet management contract, worth R150m. Operating profit increased reaching R35,0m and exports accounted for 15,5% of all the C-Track units sold during the period.
The company considers qualified and experienced people crucial in designing appropriate solutions for fleet management issues. Ongoing development and training have been further enhanced by the launch of an in-house training programme during the year.
In line with this corporate focus The Australian Waterways Authority NSW, a DigiCore Australia customer, received a prestigious global award for excellence in applying geographic information system (GIS) technology in protecting and managing Australia's navigable waters. The Waterways Authority competed against 6000 organisations worldwide. The award was presented in San Diego, California at the annual ESRI international user conference, with DigiCore's C-Track brand receiving international recognition. The C-Track system was at the heart of the Sydney Olympics' security measures, ensuring the safety of the public and contestants.
DigiCore places great emphasis on the research and development of more competitive products in meeting market demands for value added, flexible, feature-rich and cost-efficient technology. C-Track 2000, DigiCore's new base station and back-office application for our C-Track realtime fleet management and tracking system, was launched at the recent Auto Africa show. C-Track 2000 allows for integration with smartcards and bar code scanners, as well as the implementation of business automation systems based on enterprise resource planning software (ERP).
Relentless fuel price increases have resulted in fuel now comprising between 30% and 40% of primary costs when calculating the life-cycle costs of a commercial fleet vehicle. In light of this, DigiCore has formed a dedicated division, DigiCore Fuel Solutions, and purchased locally developed home base fuel technology as a foundation for future developments. With strong market response, this division already has an order book of several fuel sites.
For further details contact Bruce Richards, DigiCore Holdings on tel: (012) 665 7300.
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