General

Network Innovations Enters Into Exclusive Arrangement to Jointly Market Addvalue’s iFleetONE™ Vessel Monitoring Solution in the U.S.

FORT LAUDERDALE – Florida, 4 November 2018 Network Innovations, Inc. (“NI”)announced that it has entered into an exclusive collaboration agreement with Addvalue Communications Pte Ltd(“Addvalue”), a wholly owned subsidiary of Addvalue Technologies Ltd, to jointly develop market opportunities for the newiFleetONE™ terminalandAddvalue’sproprietary Vessel Monitoring System, Addvalue iFleetONE-VMS. Recently type approved by the U.S.National Marine Fisheries Service (NMFS) Office of Law Enforcement (OLE), the Addvalue iFleetONE-VMS provides commercial fishing vessels with a technologically advanced solution that satisfies regulatory requirements to routinely and securely report GPS positioning.

 The Addvalue iFleetONE-VMS, with its broadband capability, represents the most significant advancement in fisheries management VMS technology. The introduction of the Addvalue iFleetONE-VMS will enable fisheries management officials, biologists, researchers, analysts and NMFS Law Enforcement to have a cost-effective and suitable platform for applications that previously had been severely limited by the available technologies. 

 With over 10 years’ experience providing VMS solutions for coastal U.S. fishing vessels, NI contributes a great level of expertise to the partnership. Its established and well-positioned dealer network and highly-trained technical team delivers the capability to instantly support the needs of this collaborative partnership. NI’s expertise in developing tailored airtime plans provides additional value to fisheries as they benefit from iFleetONE-VMS’real-time location reporting. Under the Agreement, NI and Addvalue will exclusively market the Addvalue iFleetONE-VMSto U.S.fisheries, creating the immediate need for an initial order of 50 units that kick-off the joint marketing program. 

 

“For U.S.Fisheries, this joint partnership is a win-win,” says Matt George, VP Global Maritime Sales, Network Innovations, Inc.“Vessels will immediately benefit from the Addvalue technological advancements and continue to rely on Network Innovations as a trusted and established service provider.”

 

Dr.Colin Chan, Chairman and CEO of Addvalue, remarks: “We are delighted to have forged this partnership with Network Innovations, and we believe that the collaboration will enable us to effectively penetrate the U.S.fisheries market for the mandatory VMS service.