Cubic Global Tracking Solutions and arviem AG Form Strategic Partnership for Global Cargo Monitoring Services
Cubic Global Tracking Solutions, a subsidiary of Cubic Corporation (NYSE: CUB) announced today it has entered into a five year leasing agreement and strategic partnership with leading cargo monitoring service provider, arviem AG of Switzerland. The agreement is valued at more than $3.2 million to supply container tracking and monitoring equipment for arviem AG’s Global Cargo Monitoring Service.
“arviem AG will be using Cubic’s Global Sentinel® products and technology to monitor 30,000 shipments each year, and provides invaluable intelligence to customers as their cargo navigates the uncertainties of today’s logistics supply chain.” said Jim Kilfeather, vice president of Cubic Global Tracking Solutions. “arviem will also be entering into a strategic partnership with Cubic to develop advanced cargo monitoring capabilities based on our technology platforms which will further enhance the value proposition and service offering.”
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Cubic Global Tracking Solutions is a leading provider of asset visibility solutions. Cubic’s smart devices can go on moving assets or containerized cargo and provide location, status and sensor information anywhere around the globe. Cubic is also the creator of a unique mist® mesh networking technology that is integrated into our product suite providing an M2M solution with least cost and maximum flexibility. Cubic’s technology is extensible to the pallet level, and can also be used to instrument and monitor remote fixed assets economically.
“Managing a global supply chain without really knowing where your cargo is, its condition, who has custody of it, or when an event occurs, is merely experiencing your supply chain, not managing it.” said Stefan Reidy, chief executive officer of arviem AG.
arviem AG is an independent Global Cargo Monitoring Service provider offering Cargo Monitoring Service as a ‘pay-as-you-go one-stop’ service. arviem AG assists Fortune 500 companies such as DOW Chemical, Nestle and Bacardi to track and monitor their high value cargo and respond to events within their global supply chain.
Source : Cubic Corporation (NYSE: CUB) - view original press release