The Hanover Partners with Celevoke to Help Prevent Heavy Equipment Theft
September 09 2009 - 9:39AM
PR Newswire (US)
- Provides The Hanover's Agent Partners Opportunity to Offer
Discounted Risk Control Products and Services to Inland Marine
Clients - WORCESTER, Mass., Sept. 9 /PRNewswire-FirstCall/ -- The
Hanover Insurance Group, Inc. (NYSE:THG), a leading property and
casualty company, today announced a partnership with Celevoke,
Inc., a pioneer in wireless global positioning systems (GPS) for
construction and other heavy equipment. (Logo:
http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO ) The
arrangement will enable The Hanover's independent agent partners to
provide even more value to their inland marine customers, by
offering them access to the Celevoke's proprietary asset tracking
systems and risk mitigation services at a significant discount. "We
are very pleased to partner with Celevoke to offer our agent
partners one more way to provide value to customers and be more
competitive in their markets," said Sophia Philips, president
Hanover marine, commercial lines. "The Hanover's already strong
loss control program will be further complemented by Celevoke's
products and services. And, given their track record, we believe
our policyholders that participate in this program will
significantly reduce the risk of both the theft and loss of their
expensive equipment." In addition to discounts on GPS devices, The
Hanover's policyholders will gain access to an easy-to-use risk
prevention Web site where they can monitor and manage equipment
outfitted with Celevoke's devices in real-time. Arming equipment
owners with instant notification of a theft and the ability to
track the equipment is proven to lead to quick recovery with less
related loss. The Celevoke system can be fitted to most
construction vehicles in a way that is not obvious or easy to
remove. "We have spent several years working on a risk mitigation
program and are excited to align ourselves with The Hanover to
offer GPS theft deterrents and risk mitigation services at a
discounted price," said Chuck Allen, chief executive officer,
Celevoke. "The Hanover's commitment to investing in loss control
programs reflects very positively on the industry and we look
forward to helping the company, its agent partners and its insureds
to reduce their risks and losses over the long term." About
Celevoke Celevoke is poised to become a market leader in the
projected $38.3 billion (by 2011) global market for Machine to
Machine technology (M2M) (according to ABI Research), which is the
integrated use of telecommunications and informatics. More
specifically, it is the science of sending, receiving and storing
information wirelessly between machines via telecommunication
devices. Celevoke has patented integrated Telematics and Global
Positioning Systems (GPS) with sensing technology. This proprietary
suite of hardware and software products enables users to remotely
monitor, track, control parameters and protect a wide variety of
asset classes. Examples include people, meters, automobiles,
motorcycles, trucks, shipping containers and covert vehicles used
for law enforcement and intelligence gathering in a global
marketplace. Celevoke is 62% owned by Current Technology
Corporation, (OTC: CRTCF) (BULLETIN BOARD: CRTCF) and can be
reached at http://www.celevoke.com/ or 936-334-1800. About The
Hanover The Hanover Insurance Group, Inc. (NYSE:THG), based in
Worcester, Mass., is the holding company for a group of insurers
that includes The Hanover Insurance Company, also based in
Worcester; Citizens Insurance Company of America, headquartered in
Howell, Mich., and their affiliates. The Hanover offers a wide
range of property and casualty products and services to
individuals, families and businesses through an extensive network
of independent agents, and has been meeting its obligations to its
agent partners and their customers for more than 150 years. Taken
as a group, The Hanover ranks among the top 30 property and
casualty insurers in the United States. CONTACTS: Investor
Relations Media Relations Oksana Lukasheva Amy Lynn Banek E-mail:
E-mail: 1-508-855-2063 1-508-855-4486
http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO
http://photoarchive.ap.org/ DATASOURCE: The Hanover Insurance
Group, Inc. CONTACT: Investor Relations, Oksana Lukasheva,
+1-508-855-2063, , or Media Relations, Amy Lynn Banek,
+1-508-855-4486, , both of The Hanover Insurance Group, Inc. Web
Site: http://www.hanover.com/
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