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Our software team has been hard at work to implement near live tracking capability for our customers. This feature helps our clients in case of any robbery and can also help give better insight into where the truck is at all times. After thorough testing and feedback, we are excited to introduce Near Live Tracking for all our current customers. No extra cost or additional hardware required. Anyone who has purchased our Asset Tracker will have this feature.
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Introducing Near Real Time Tracking Cargo Theft is estimated to be a $15B to $35B problem per year according to the National Insurance Crime Bureau. Also, less than 20% of stolen cargo is ever recovered. To solve this problem, ELD Mandate released our Asset Tracker into the market last year. So far, the response to our product has been tremendous. We are excited to
continue to be trusted by fleet managers across the country with their trucking technology needs. Our software team has been hard at work to implement near live tracking capability for our customers. This feature helps our clients in case of any robbery and can also help give better insight into where the truck is at all times. After thorough testing and feedback, we are excited to introduce Near Live Tracking for all our current customers. No extra cost or additional hardware required. Anyone who has purchased our Asset Tracker will have this feature. To access near live tracking, please go to the back-end portal: Asset Tracker Portal After logging in, and selecting the asset that is of interest, users can now click on Near Live Tracking: At first it will get the asset to the current location and then it will show in near real time the location of the asset. This can be very useful to ensure that any stolen cargo is found quickly and also to just check where the truck or trailer is at this very moment. From the comfort of a computer or a smartphone device, our customers can now track their assets on a near real time basis.
We, at ELD Mandate want to continue to collaborate with our customers and add features that directly impact their business. We have a few more things brewing in the pipeline and are excited for 2021 to share much more. Near Real Time tracking adds an extra layer of safety which helps give our customers peace of mind. That is what truly matters.