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According to the the media.gm.com news release, OnStar has accumulated 21 Telematics Update Awards in the program’s nine-year history. The ceremony, which was kicked off by Clear Channel’s Ryan Secreast, recognizes the most prominent and up-and-coming players in the industry in 10 telematics categories.
The Best Telematics Safety Technology award highlights OnStar’s commitment to providing more than 6 million customers with unparalleled safety and security services.
Furthermore, since its inception, OnStar has deployed emergency services more than 1 million times, and receives nearly 2,500 Automatic Crash Response alerts monthly.
“We’re thrilled that the telematics community has again recognized OnStar’s unwavering commitment to providing drivers with a safety service they can rely on,” said Linda Marshall, OnStar President. “Our team makes a constant effort to not only enhance the safety of our customers, but also to help all drivers on the road and assist first responders in emergency situations. We thank the first responder community, who make the life-saving technology of OnStar a reality every day.”
Last year, OnStar, in coordination with the General Motors Foundation, provided a $500,000 grant to the International Center of Automotive Medicine at the University of Michigan Health System for research related to the prediction of injury severity after a crash. Research being lead by Dr. Stewart Wang, director of the University of Michigan Program for Injury Research and Education, uses OnStar crash data, hospital records as well as first responder and police information to help improve the outcome for severe crash victims.
The awards precede the Telematics Detroit Conference, the biggest telematics-focused conference and exhibition of the year. On Thursday, Greg Ross, OnStar vice president business extensions, will give a keynote speech where he will discuss OnStar FMV, the company’s new retail product that can be installed in 90 million vehicles already on the road. For the record, Torque News has reported on this new product recently, which will be launched later this summer.
OnStar FMV expands the customer base by delivering OnStar’s award-winning services to drivers of non-GM and older GM vehicles on the road. It can be installed on most top-selling vehicles manufactured in the past 10 years, including vehicles from Ford, Toyota and Chrysler.
OnStar FM will be available at Best Buy and other consumer electronic retail locations. To check if your vehicle can support OnStar FMV use the vehicle compatibility tool, which is also available at OnStar Facebook page.
Investing Assessment
Not everyone realizes that OnStar does not trade publicly on its own, because it is a wholly owned subsidiary of General Motors (NYSE: GM), much like Saturn was before its unfortunate demise post GM bankruptcy. OnStar is in a much better position by far. It is the leading provider of connected safety and security solutions, value-added mobility services and advanced information technology. Currently available on more than 40 MY 2011 GM models, OnStar soon will be available for installation on most other vehicles already on the road through local electronics retailers, including Best Buy (NYSE: BBY).
The OnStar Mobile App is a recipient of the 2011 Edison Award for Best New Product in the Remote Driving Aids segment and OnStar Stolen Vehicle Slowdown is a recipient of the 2010 Edison Award for Best New Product in the Technology segment. OnStar safely connects its more than six million subscribers, in the U.S., Canada and China, in ways never thought possible. More information about OnStar can be found at www.onstar.com.
[Sources: media.gm.com and OnStar.com]
Full Disclosure: At time of publication, Sherosky, creator of the auto sector charts for TN, is neither long or short with the mentioned stocks, though positions can change at any time. None of the information in this article constitutes a recommendation, but an opinion.
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About the Reporter: After 39 years in the auto industry as a design engineer, Frank Sherosky now trades stocks, futures and writes articles, books and ebooks like, "Perfecting Corporate Character," "Awaken Your Speculator Mind", and "Millennial World Order" via authorfrank.com. He may be contacted here by email: [email protected]
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