Lytx® Sets Video Telematics Industry Record, Adds 300,000 Subscriptions in Last Three Years

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Mar 06, 2018, 08:00 ET

SAN DIEGO, March 6, 2018 /PRNewswire/ -- Lytx^® became the first company in the history of video telematics to sell 300,000 new subscriptions over a three-year period, reaching half a million total subscriptions, more than any other video telematics company in the world.

Among those who partnered with Lytx last year to help protect their drivers and secure investments in their fleets were the world's largest retailer, one of the U.K.'s largest parcel delivery companies, and the largest privately held truckload carrier in North America. Lytx's flagship DriveCam^® video telematics safety program now protects more than 850,000 drivers.

In 2017, the company launched the Lytx Video Services^SMprogram — an integrated service enhancement to the DriveCam program that goes beyond safety and helps eliminate the fleet and operational blind spots that hold fleets back from being their most efficient, productive, and profitable. Lytx Video Services combines video telematics with machine vision to give fleet and operations managers access to cloud-connected, continually recorded video, available on demand and in near real-time.

Driven by constant innovation and dedication to extraordinary customer service, Lytx continued to set the pace as the market leader in video telematics, a category it pioneered 20 years ago.

"By introducing key enhancements to our DriveCam program last year, we set out to change the way video works for our clients," said Lytx Chairman and CEO Brandon Nixon. "We are driven by our mission to not only help our clients protect their drivers and brand reputations, but also to help them improve their operations and succeed in their industries. Looking ahead, we will continue to innovate in new ways to help our clients solve their most pressing business challenges."

Among key Lytx business achievements in 2017:

More than 95,000 new subscriptions sold in 2017, bringing total subscriptions sold to more than 500,000
For the third year in a row, over half of existing clients expanded their fleet deployments
Introduced the Lytx Video Services program, which provides fleet managers unparalleled visibility into their fleet operations
37^th consecutive quarter of double-digit growth in subscriptions
Over $200 million total contract value committed in 2017
Delivered an estimated savings of $494.4 million in total claims costs
Analyzed more than 20 billion miles of driving data, which is the equivalent of going around the earth 803,181 times

Lytx furthered its share of key commercial and public fleet categories in 2017, and now protects:

10 of the top 15 for-hire, less-than-truckload and truckload carriers
10 of the top 15 food-product distribution companies
9 of the top 15 transit and railroad companies
9 of the top 15 concrete companies
9 of the largest cities and federal agencies
7 of the top 15 largest propane distribution and gas distribution companies
6 of the top 15 waste, disposal and recycling companies
5 of the top 15 utilities companies

Lytx saw outstanding growth through new client wins and expansions, including:

Wal-Mart Stores Inc. – World's largest retailer; #1 on Fortune 500 list
Orange County Sheriff's Office – Law-enforcement agency serving Florida's fifth-most-populous county
U.S. Xpress Inc. – Largest privately held trucking fleet in North America
Albertsons Companies – One of the largest food and drug retailers in the United States
Coca-Cola Bottling Co. Consolidated – The largest independent Coca-Cola bottler in the United States
McNichols Construction (Holdings) – A leading infrastructure services provider in the U.K.
Alsa Grupo (National Express Group) – The leading operator in the Spanish sector of passenger transport by road
CRST International – One of the nation's largest truckload and logistics groups
Hermes Parcelnet Ltd – One of the U.K.'s largest parcel delivery companies
Dupre Logistics – A privately held, asset-based provider of transportation and logistics
Roehl Transport – One of the largest trucking companies in North America
Cardinal Logistics Management Corporation – One of the largest, integrated logistics and dedicated transportation services in the U.S. and Canada
USA Truck – One of the nation's largest over-the-road truckload carriers

About Lytx
At Lytx^® we harness the power of video to transform fleets with improved safety, efficiency, productivity, and profitability. Our flagship service, the Lytx DriveCam^® video safety program, sets the standard for driver safety in the industries we serve. The Lytx Video Services^SM program delivers a highly configurable user interface to provide fleet managers unparalleled visibility into their fleet operations, both in the moment and up to a week later. RAIR^® Compliance Services helps DOT-regulated fleets comply with safety regulations, complementing the DriveCam^® Program. Lytx ActiveVision^® service helps fleets detect and address distracted and drowsy driving, both in real time and over time, and additional services offer virtually limitless solutions for fleets and field operations of any profile. We protect more than 3,000 commercial and government fleet clients worldwide who drive billions of miles each year. We enable our clients to realize significant ROI by lowering operating and insurance costs, while achieving greater efficiency and compliance. Most of all, we strive to help save lives – on our roads and in our communities, every day. Lytx is privately held and headquartered in San Diego. For more information, visit www.lytx.com, @lytx on Twitter, or our Facebook page or YouTube channel.