Last month, Patriot Energy Corp. announced the acquisition of TelTeck Solutions Inc. The company is focused on developing and marketing solutions based on licensed and/or proprietary technologies. Today, TelTech Solution gave investors an idea of just how large the market is for its five exclusive proprietary innovative products.
TelTeck Solutions is uniquely diversified with a varied product offering that has applications within a number of the telematics industry’s sectors. According to the world renowned research firm, Frost & Sullivan, the telematics market trends reveal incredible growth over the next five years.
The report included details on the growth in sectors such as fleet management, which is already worth billions of dollars. Frost and Sullivan also projects that other sectors, such as vehicle tracking and personal tracking devices, will move to the forefront of the telematics industry because of the global growth being fueled by hot economies in Asia, where technology is adopted at a faster pace than North America.
The company stated that it has confidence in the uniqueness of its solutions and their ability to attract industry attention. TelTeck Solution stated, “We look forward to becoming the standard as a front runner in our chosen fields and working with top industry leaders such as AT&T and Toshiba.”
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