ST Engineering’s electronics arm, ST Electronics, announced that its subsidiary, Telematics Wireless, has been awarded a contract worth US$8 million (about $10.9 million) and an option worth US$2 million by Ituran Location and Control to provide “Smart” vehicle and asset tracking devices for the recovery of stolen vehicles and goods. Telematics Wireless is a subsidiary of ST Electronics’ subsidiary, ST Electronics (Info-Comm Systems).

Smart is a miniature tracking device that can be easily installed on assets and forms part of TWatch, a highly advanced terrestrial location and security system developed by Telematics Wireless. TWatch is presently serving more than 600,000 users in Europe and South America.

Equipped with a built-in battery, Smart is highly cost-effective and resistant to radio interference. The device employs advanced techniques to optimise battery life, which typically lasts five years, and proprietary algorithms to ensure highly accurate location readings in open areas as well as places obstructed by foliage or tall buildings.