Hi-tech firm scoops top enterprise award

Quartix, based in Newtown, is a global vehicle tracking and telematics services provider.

It has provided the technology to allow insurance companies to track the driving of its customers and reward those who are being safe.

The firm has been recognised for demonstrating innovation and outstanding results in the development of the its SafeSpeed Database.

The Queen’s Awards for Enterprise are the UK’s most prestigious business awards, recognising and celebrating business excellence across the UK.

Andy Walters, Quartix CEO said: “We are delighted and honoured to receive this prestigious award in recognition of the development of the Quartix SafeSpeed Database."

For several years, Quartix has been gathering data on the average speed on over one million road segments in the UK.

The data led to the development of the SafeSpeed Database which helps identify risky driving behaviour based on ‘safe’ speeds as opposed to ‘legal’ speeds.

This information is available to our UK vehicle tracking customers to help improve road safety and manage risks.”

When first developed, the SafeSpeed Database allowed insurance providers to identify ‘risky driving behaviour’ in young drivers. This information was consequently used to educate the young drivers how to improve and drive more safely.

Quartix now uses this information to provide a ‘driver score’ as part of the driver monitoring reports for their vehicle tracking customers.

The ‘driver score’ is based on the driver’s actual speed on a particular stretch of road, compared with the average speed of other professional road users.

The database helps to mitigate risk of accidents and potentially costly vehicle repairs. It also enables insurance companies to offer lower premiums to drivers who drive safely.

Academic research has proven that when organisations have a strong safety culture with well-defined policies and procedures, there is a significant positive impact on drivers’ intentions to speed.