Aktuaris, a system of usage-based insurance using HandsOn Systems technology, is being introduced in various parts of the world. The company is working closely with several insurance companies in Bolivia through a local partner Gianfranco Gipponi Pessoa and has plans to launch Aktuaris there later on this year. “Since this concept is new to the country, we have to take our time to design marketing and educate the market and the public,” Mr. Farrugia said. “We were not only technology suppliers but also consultants.”
Aktuaris team recently went on a three-day road show visiting seven companies in the United Arab Emirates (UAE), based in Dubai. There was plenty of interest and the visit had a positive outcome. A number of pilot projects are also in the pipeline there.
A plug-and-play solution is being launched in the UAE since theft in this market is minimal. “It is in the interest of whoever takes out this type of insurance policy to use Aktuaris to be able to claim prizes. Although Dubai has the latest technology, many companies did not know about this concept and means of insurance,” Mr. Farrugia
added. However, most insurance companies are run by ex-pats who have heard of this type of insurance and Mr. Farrugia sees an opportunity in this region. The company has also found a strong partner there. Sivan Said, who is Maltese, runs RISC Insurance and has been successfully developing his insurance related business for quite some time. Mr. Said is also going to represent the company in its negotiations with a number of insurance companies.
HandsOn Systems are continuously on the look-out for new opportunities to test their technologies and conduct research to improve their products in real life situations. The company was recently invited by Voomquest to be their technology partner by providing a number of services during local powerboat races, including GPS tracking, remote monitoring, timekeeping, Facebook Live streaming and drone footage.
The second race of this year last month was run in inclement Maltese weather. A great deal of data and feedback were collected. Thanks to the technology provided by HandsOn Systems, Race Control could view the status of each powerboat, its velocity and position in real time, and also provided other race timing data vital for race officials.
Mr. Farrugia said that the company intends to continue to develop the technology aspect of these races by monitoring other parameters of the powerboat to increase further the safety during the races.
“We have a roadmap that we are following, and we have ample time to conduct research and prepare for the forthcoming races. I am confident that we will continue to support this event,” he said.
For more information about Voomquest championship please visit the official website https://voomquest.com/
Mr Farrugia was invited to give a Master Class during the recent international conference organised by the Mediterranean Tourism Foundation. The subject of his presentation was on how RFID (Radio Frequency Identification) technology can be used in the tourism sector to improve the tourist’s experience and increase the operator’s efficiency – both those working in hotels and restaurants and in the sector of tourist accommodation.
The Master Class was well attended, and Mr Farrugia received valuable feedback. Among those who attended the conference was the King of Ghana, Otumfuo Osei Tutu II. Since HandsOn Systems have strong business interests in Ghana, they took the opportunity to present a portrait of the King, executed by local artists Maris Zammit. “This helped to show that we want to continue to strengthen our presence and dedication towards the Ghana market,” Mr Farrugia said.
In fact, HandsOn Systems have recently attracted investment from a Ghana businessman, Nicky Wilson of Cape3, in their subsidiary company in Ghana. “In this way, we are continuing to strengthen our presence and persist in our efforts to succeed in Ghana. Through this conference, we strengthened both the cultural aspect of Ghana in Malta and the commercial relations our company has with Ghana,” Mr Farrugia said.
As from last month, the system of driving licence penalty points has been applied to all drivers in Malta and not just for those who recently obtained their licence. By accumulating 12 penalty points over the period of a year for various traffic contraventions a driver will lose his licence for a period of two months. The suspension will be lengthened if a further 12 penalty points are accumulated over another period of 12 months. At the start of each year, the 12-points system will start anew.
Many fleet owners have multiple vehicles registered in their name. Fleet owners are ending up with 12 points because of their drivers. HandsOn Systems has the solution to keep track of who was driving a particular vehicle at any specific time.
HandsOn Fleet GPS Tracking and Fleet Management Solution offers a driver identification system through Ibutton or RFID technology. Through our driver identification, the vehicle can be immobilized until the driver presents his Ibutton or RFID card system.
Get in touch to learn more about how your company can benefit from our driver identification solution.
The global market for radio frequency Identification (RFID) technologies is expected to reach $38.0 billion (over €35 billion) by 2021, up from $16.2 billion (€15 billion) in 2016, according to Minister for Competitiveness and Digital, Maritime and Services Economy Emmanuel Mallia.
Addressing a national RFID conference, organised by HandsOn Systems last Wednesday at the Grand Hotel Excelsior, Floriana, Dr Mallia said this represented a five-year compound annual growth rate (CAGR) of 18.6%.
“RFID is fast emerging into ubiquitous computing systems. The applications are limited only by people’s imagination,” he said, adding that apparel, aerospace, defence, manufacturing, consumer packaged goods and pharmaceutical companies are looking to use RFID technology to track goods within their supply chains.
Healthcare providers, energy producers and construction companies are using active RFID to track large equipment tolls and vehicles. Most common are payment systems, access control, asset tracking, and verification of counterfeited products.
Dr Mallia said the RFID conference, entitled “The future is now…”, coincides with the upcoming EU Digital Assembly, the European Commission’s flagship policy event in June. “Witnessing the developments on better access to digital goods and services, the provision of a better environment for digital services to flourish and the creation of a Digital Economy and Society, present an exciting future,” he said.
“Nevertheless, I have no doubt that in June the key European digital policy stakeholders will be profoundly analysing the challenges and opportunities arising from the revamped Internet of Things (IOT)”, with much work needing to be done to counter the possibility of impersonation, identity theft, hacking and cyber threats.
“The need for a comprehensive strategic approach will certainly be in order,” Dr Mallia stated. “This year’s theme, “Digital Europe – Investing in the Future”, will, by virtue of Malta EU’s Presidency, give us an even more effective role to focus on the global nature of the transformation towards a digital economy and society, whereby our pole position standing in the digital world will be strengthened as we offer a better Europe.”
Concluding. Dr Mallia said: “In this era of unprecedented technological innovation, the intensifying march of digitisation, the rapid advance of robotics and artificial intelligence systems – which intrinsically change how humans move and communicate – new limits are being explored. As we exploit the ensuing benefits in all realms of life, from science to education to economics to daily living, we are able to apply with success, satisfaction and pride our ‘dynamic can do society’ mantra.”
Two foreign guest speakers, Guido Kuhrmann, Sales Director, HID Identification Technologies, and Stephen Crocker, Director, Sales/Channels EMEA and India, Alien® Technology LLC, also addressed the conference.
Mr Kuhrmann outlined the plethora of RFID devices his company produces and how they are put to use in various industries. Mr Crocker, whose company has been in business for over 20 years and has over 1,500 corporate customers, spoke of the global open protocol that enables RFID products to communicate wherever they are around the world.
While HID has a focus on the higher end of the value chain, ® Technology goes for volume and, often, disposability.
HandsOn Systems CEO Geoffrey Farrugia then conducted an interesting Q&A session, inviting clients to present their experiences and act as testimonials to the wide use of RFID technology in Malta.
He invited participants to visit the Demo Lab that has been set up at the HandsOn Systems offices and the conference came to a successful conclusion with a practical demonstration of the use of this cutting-edge technology, which is fully supported locally by the company.
HandsOn Systems Chairman Anthony De Bono expressed great satisfaction and pride in the way that the company, supported by its dynamic team led by Mr Farrugia, is evolving into the leading telematics company on the Maltese Islands. “Just as I, in my role as CEO of Malta’s telecommunications service provider, played a determining role in projecting Malta as a leading ICT nation in the European Union, I am confident that HandsOn Systems will be the nation’s flag bearer in the rapidly developing Internet of Things (IOT) virtual universe,” Mr De Bono said.