Issue link: http://psai.uberflip.com/i/1196310
PAGE 15 Note: The PSAI is committed to bringing Members industry news. It creates original content and it aggregates news that appears in other sources. Unless otherwise stated in organizational documents or in Association Insight newsletters, the PSAI does not have or take a position on the content of news items from other sources. YEAR END EDITION DECEMBER 26, 2019 YEAR END EDITION DECEMBER 26, 2019 Lytx® Named Frost & Sullivan's North American Video Safety Solutions Company of the Year On November 19, 2019 Frost & Sullivan announced that it has recognized San Diego-based Lytx® as the 2019 North American Video Safety Solutions Company of the Year. This distinction is based on a rigorous analysis of companies for their visionary innovation, market performance, and customer impact. In the past 20 years, Lytx clients have reduced collision frequency by 50 percent and claims costs by up to 80 percent. "Lytx was the clear choice for this year's award, having brought tremendous value to the market through their demonstrated significant leadership in the areas of continuous technological innovation, the development of industry best practices, and a vision for putting customer needs first," said Mugundhan Deenadayalan, senior research analyst at Frost & Sullivan. "The company earned exemplary marks in all of our key benchmarking criteria. In addition, with its revolutionary application of machine vision and artificial intelligence technologies, combined with professional review and behavior tagging, Lytx delivers an accurate and customized view of risk. Through analysis of billions of miles of driving data, Lytx is unrivaled in its ability to 'cut through the noise' and provide actionable insights to clients and help take the guesswork out of what's happening in their fleets and on the roads." Frost & Sullivan's Best Practices Awards recognize companies throughout a range of regional and global markets for superior leadership, technological innovation, customer service, and strategic product development. To receive the Company of the Year Award (i.e., to be recognized as a leader not only in an industry, but among non-industry peers) requires a company to demonstrate excellence in growth, innovation, and leadership. This excellence typically translates into superior performance in three key areas—demand generation, brand development, and competitive positioning—that serve as the foundation of a company's future success and prepare it to deliver on the 2 factors that define the Company of the Year Award: Visionary Innovation and Performance, and Customer Impact. Lytx is a PSAI Member company.