Press Room

Telenav Press Release:

Sunnyvale, Calif. – January 29, 2008 – TeleNav, Inc., today announced the addition of TeleNav Asset Tracker to its Mobile Resource Management (MRM) product line.

TeleNav Asset Tracker is a small, battery powered GPS tracker that can be placed on vehicles, trailers, tractors or heavy equipment to monitor their locations. Using any PC and an Internet browser, organizations can log into a password-protected Web site and view the exact position of all mobile assets, updated each hour. The product can also be customized to send an alert as soon as an asset moves from its current location.

“It can be difficult for organizations with large fleets or equipment yards to keep track of their assets,” said HP Jin, TeleNav president, CEO and co-founder. “TeleNav Asset Tracker is an affordable, easy-to-use product that gives companies peace of mind knowing where every vehicle or piece of equipment is located. Our goal with this product is to not only help these companies improve operations efficiency but also asset security.”

TeleNav Asset Tracker is available immediately and costs $199.99 per device and $19.99 per month for the Web-based tracking feature. Companies also pay a one-time setup fee of $19.99 and need to have a Sprint Data Access Plan which costs $7.00 per month. For a free consultation or to order TeleNav Asset Tracker, customers should visit www.TeleNav Treack.com or call 1.88.TeleNav.2 (1.888.353.6282).

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About TeleNav

Telenav's mission is to help make people's lives easier, less stressful, more fun, and more productive while they are on the go. Our personalized navigation services help people make faster and smarter daily decisions about where to go, when to leave, how to get there, and what to do when they arrive. More than 30 million people worldwide already connect with our services from mobile phones, tablets, computers, cars, and developer applications.

We aim to be everywhere people need us. Our partners are wireless carriers, automobile manufacturers and original equipment manufacturers (OEMs), app developers, advertisers and agencies, as well as enterprises large and small. Our partners include AT&T, Bell Mobility, Boost Mobile, China Mobile, Ford, NII Holdings, QNX Software Systems, Rogers, Sony, Sprint Nextel, Telcel, T-Mobile UK, T-Mobile US, U.S. Cellular, Verizon Wireless and Vivo Brazil. You can also find us in mobile app stores and on the web at www.telenav.com and www.scout.me.

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