DriveCam Video Systems, a San Diego-based developer of fleet safety technology designed to improve driving behavior, reported a 120% increase in revenue for the first quarter 2004 over the same period in 2003 due to growing demand for its products and services.To support demand, the company has added new staff in safety services, sales, engineering, product management, customer service and administration while increasing its facilities. The new staff members will work with DriveCam fleet customers to maximize the results of the DriveCam Driving Feedback System in reducing collisions and lowering operating expenses.
"We are investing in the infrastructure of the company to support our existing customers as well as develop new and improved products and services they will require in the future," says Ed Andrew, president of DriveCam. "Our investment in service and support is focused on helping our customers quickly maximize the economic and safety benefits of the DriveCam Program they have purchased from us."
DriveCam's Driving Feedback System addresses one of the toughest challenges for commercial fleets--improving driving behavior. The DriveCam program is used to record actual driving incidents from the vehicle. Those recordings can be used to counsel drivers about their specific driving habits. At the same time, recordings of actual driving events provide proof in the case of an accident, prevent fraudulent claims, capture contributory negligence, and create real-life training scenarios.
Commercial fleets have reported dramatic results from using the DriveCam program, achieving reductions in collisions of 50% and higher due to the program's ability to improve driving habits and prevent collisions, according to DriveCam. Safer driving also positively impacts maintenance expenses, fuel economy and company image. As of May 2004, more than 10,000 vehicles have been outfitted and protected by DriveCam.
Source: DriveCam Video Systems
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