Since successful management depends on information and knowledge, having the right information at the right time is critical to making the right decisions for your fleet. At Terion, we continuously look for opportunities and functionality within our FleetView trailer monitoring system that will enable our customers and our customers' customers to drive inefficiencies out of their businesses and operate successfully under difficult conditions.
FleetView was designed to collect and report the key information fleet managers need to improve their operational efficiency and better manage their assets. FleetView keeps asset managers informed as to when trailers are moved, when and where they have stopped, and when the doors are opened. We have focused our product development on greater efficiency and improved utilization of trailer assets, while recognizing the opportunity for FleetView to positively impact loss prevention initiatives.
Today, conditions are more difficult than ever before. It's not just a matter of operating with business and economic challenges; the industry is facing new challenges operating in an environment where security and peace can be broken by indiscriminate acts of violence.
Homeland security is a new challenge for the trucking and transportation communities. Where we previously addressed the potential for lost cargo or lost assets, today we are addressing the potential for loss of lives and property. Where a lost trailer was once an unusable asset, today, in the wrong hands, it is a potential weapon. Where a door opening in the wrong place may have resulted in lost cargo, today it may result in contaminated cargo.
As far as asset monitoring is concerned, the problems we are solving are very similar, although the consequences of failure are much higher. The real-time knowledge of events that indicate how, when and where trailers are being used can not only provide greater efficiencies in fleet management, but can also provide heightened security for what's loaded on those trailers.
We continue to improve the FleetView product by adding features that address security concerns. For example, we recently added an Emergency Track feature, which allows asset managers to simply and quickly program FleetView to provide GPS location updates every five minutes. When a fleet manager suspects that a trailer has been stolen or hijacked, this feature can be used to update a map, down to the street level, to assist security and law enforcement officials in tracking trailer movement for potential apprehension.
In addition, we are now able to link with other trailer and tractor devices using a power line carrier (PLC) electrical interface. This feature enables FleetView to collect information from various on-board sensors, such as intrusion alarms or locking devices, and transmit the information back to the asset manager.
Security is on everyone's mind today, and Terion is no exception. Our staff is working closely with our customers to continue to evolve our baseline product to address the needs for a more secure transportation network. Whether it is the addition of geofencing capabilities or interconnecting with smart security devices on tractors and trailers, we are confident that we can continue to advance our FleetView product to satisfy the needs of the transportation community.
We at Terion have felt the impact of 9/11 through the loss of personal friends, as well as through the economic loss suffered by the industry. We will continue to focus on ways to improve the supply chain through greater efficiencies and enhanced security.
