[2] DriveLogic and MDSI Mobile Data Solutions Announce New ASP Service That Will Accelerate Auto Claims Processing.Business Editors CHICAGO and RICHMOND, BC--(BUSINESS WIRE)--Oct. 25, 2000 New Application Service Provider Offering Will Benefit Consumers and Insurers By Potentially Saving 1 to 2 Days in Getting Cars Repaired after Accidents DriveLogic, Inc. and MDSI MDSI Multiple (Destination) Digital Speech Interpolation MDSI Mobile Data Solutions Inc. MDSI Mountain Data Systems, Inc (Boise, Idaho) Mobile Data Solutions Inc. are joining forces to help auto insurance companies accelerate auto accident claims processing. The new service, expected to be available later this year, would allow insurers to shorten the claims processing cycle by one to two days, providing benefits for the auto owners, insurance companies and others. Auto owners would get their cars back sooner from the repair shop, and insurers could eliminate significant inefficiencies in the claims processing cycle, the two companies said. DriveLogic is the e-commerce business of CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. Information Services See Information Systems. Inc., a leading supplier of advanced software and communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. to the automotive claims industry, and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CCC Information Services Group (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCCG CCCG Canadian Conference on Computational Geometry CCCG Climate Change Co-ordinating Group ). MDSI(R) (NASDAQ:MDSI; TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MMD MMD Movement for Multiparty Democracy (Zambia) MMD Make My Day MMD Merchant Mariner Document MMD Myotonic Muscular Dystrophy MMD Myotonic Dystrophy MMD Mass Median Diameter MMD Metal Matrix Diaphragm ) is the industry-leading provider of wireless workforce management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space. solutions for service companies with mobile workforces. The DriveLogic solution will offer real-time workforce management for the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. auto insurance market using the ASP version of MDSI's Advantex(TM) r7 technology. In its first release, the solution will schedule appointments with claimants, assign the appointments to the optimal claims adjuster, and wirelessly dispatch claim details to the adjuster in the field, who can use various types of mobile devices, including laptops, Windows CE (Windows Consumer Electronics) Microsoft's version of Windows for handheld devices and embedded systems that use x86, ARM, MIPS and SHx CPUs. Windows CE .NET superseded Windows CE 3.0. devices, and Wireless Application Protocol (WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. )-enabled digital mobile phones, pagers, and palmtops. Ken Miller, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of MDSI, said, "This agreement signals the closing of a long-existing gap in the auto insurance claims settlement process--the optimization of claim scheduling and assignment to mobile adjusters, and the empowerment of those adjusters to complete their work from the field." "We are committed to offering a broad range of e-commerce solutions that will significantly reduce the time it takes to get drivers back in their cars after an accident," said Pradip Patiath, President and COO of DriveLogic. "MDSI is a proven leader in its market space, with a strong market presence in such complex industries as telecommunications and utilities. This strategic alliance will expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. development of our business model - the integration of best-in-class solutions in Internet, wireless, data warehousing See data warehouse. data warehousing - data warehouse and other technologies." Added Miller, "This is our first deal in one of our primary eBusiness channels to the service provider market -- major, industry-focused ASPs. DriveLogic is well positioned to be the leading auto insurance solutions ASP. We intend to be similarly aligned with the ASP leaders targeted at our traditional markets: telco, cable, and utility." DriveLogic's planned collaborative Internet interchange -- an open, business-to-business hub designed to link parties in the accident management supply chain and to facilitate real-time communications and transactions through integrated e-commerce solutions - will integrate best-in-class technologies, such as the MDSI engine. Initial functions and benefits of the new scheduling and dispatching applications will include: -- Immediate notification of accidents to all designated parties, e.g., dispatchers, adjusters, agents and other claims personnel. -- Real-time scheduling and status updates -- insurance company representatives can schedule, confirm and track service appointments, resulting in more efficient use of resources and improved customer service. "Through a combination of in-house technology development and strategic alliances such as our agreement with MDSI, we can greatly improve information flows and collaboration among parties in the claims and repair process," said Patiath. "We are confident that DriveLogic's planned solutions will be able to improve efficiency in the supply chain, which could reduce the average claims cycle of up to 30 days by as much as half." Advantex ASP makes it easier and faster for organizations of all sizes in any service market to enjoy the benefits of a wireless workforce management system over the Internet without investing in data center, operations, and support functions. It allows service companies to operate their core business more effectively. Advantex provides mobile workers with a seamless and reliable wireless link for communicating service data and for connecting them to a full array of enterprise and Internet data resources. A simple Web-browser is all that mobile workers, dispatchers, and system administrators need to access the feature-rich Advantex ASP workforce management system. About DriveLogic DriveLogic is a subsidiary of CCC Information Services Group Inc. focused on providing Internet and wireless-enabled technology solutions to the auto claims and collision repair industries. DriveLogic has the unique market advantage of being able to leverage CCC's connectivity platforms, which already processes approximately 800,000 auto claims-related transactions per day. By developing market-driven technology solutions and capitalizing on the industry expertise, customer relationships and market leadership of CCC, DriveLogic aims to optimize efficiencies, bringing value to parties throughout the entire supply chain. For more information about DriveLogic, contact Michael Roberts at DriveLogic, 312-228-8278, or contact Rich Ringer at HLB HLB Hong Leong Bank HLB Hydrophilic-Lipophilic Balance HLB Horton Lees Brogden Lighting Design (company with studios in New York, San Francisco, Los Angeles, and Boston) HLB Hotels Licensing Board (Singapore) Communications, 312-649-0371, or visit the DriveLogic Web site at www.drivelogic.com. About CCC CCC Information Services Inc., a wholly owned subsidiary of CCC Information Services Group (NASDAQ:CCCG), headquartered in Chicago, IL, is the leading supplier of advanced software and communications systems to the automotive claims industry, including information and network services for a wide variety of claims management solutions. Its value-added, technology-based products and services increase efficiency and facilitate communication among more than 13,500 collision repair facilities, 350 insurance companies, and a range of business partners. For more information about CCC Information Services, visit our Web site at www.cccis.com, contact Jeanene O'Brien at CCC Information Services Inc., 312-229-3083 or, contact Rich Ringer at HLB Communications, 312-649-0371. About MDSI By uniting the power of wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , advanced service management applications and the Internet, MDSI Mobile Data Solutions Inc. is revolutionizing how companies sell and deliver services and how people purchase them. MDSI enables companies of any size in any service market to manage mobile and on site service workers to deliver better and more efficient services, and empowers those workers via reliable, wireless links to enterprise or Internet applications. MDSI enables consumers and businesses alike to purchase, schedule, confirm and track service appointments online without any human intervention, providing the ultimate in convenience and efficiency. MDSI accomplishes this through a suite of wireless connectivity, service management, and other service and mobile solutions that can be delivered over the Internet or through traditional on-site implementations. Founded in 1993, MDSI is the most experienced and trusted wireless applications company operating today. MDSI has over 100 major, blue chip customers worldwide with operations and support offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Europe and Australia. More information is available at http://www.mdsi-advantex.com and http://www.eservice.com. This release contains statements that constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of those sections and the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward looking statements in this release include the parties expectations as to the timing of the availability of the new service; the success of MDSI's alliance with DriveLogic and the anticipated benefits of that relationship; the anticipated benefits of the new service to consumers and insurers; and MDSI's intentions with respect to strategic relationships with additional ASP leaders. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: any unforeseen incompatibilities between the respective technologies of MDSI and DriveLogic; any technical difficulties related to integrating the respective technologies of MDSI and DriveLogic; and the possible failure of telco, cable and utility ASPs to enter into strategic relationships with MDSI. Investors are Investors are cautioned that any such forward-looking statement, including any statement regarding the intent, belief, plans, or current expectations of the companies or their management, and use of phrases and words such as "planned", "could eliminate" and "will offer" are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those forward-looking statements, and startup businesses are inherently uncertain. Both companies have based these forward-looking statements on information currently available and disclaims any intention or obligation to update or revise any forward-looking statement. |
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