SOLU - Idrive; Cameras in Cars

Solutions Group, Inc. (PINKSHEETS: SOLU) announced that its subsidiary idrive Monitoring Systems has begun full production and shipping of its idrive X-1 Video Event Data Recorders (VEDR) to more than 20 clients across several vertical markets in the United States and Mexico. These initial orders total in excess of 1,000 VEDRs and leverage additional units in excess of 2,000 more over the quarter.

Stefan Dragomir, President of idrive, stated, "This is a historic day in the VEDR marketplace. We have studied the marketplace for over two years and consulted with hundreds of existing VEDR users. Using their input, we have designed the most cost-effective, technologically advanced VEDR in the world today. Now in mass production we are delivering this solution. We have succeeded in bringing to market a VEDR with the best cost-benefit analysis in this multi-billion dollar industry."

Idrive X1 is a professional dual camera device which captures high definition video, both of the front of the vehicle and rear. The device records when an event occurs, including: accidents, aggressive driving behavior, door open, alarm or panic (after pressing the special design panic button).

The events/videos are stored on internal memory (2GB up to 32GB) together with other information like G-force values, GPS coordinates, date, time and more, all collected from the device. The transfer to the computer is made using wireless or USB. The idrive X1 device is designed to be mounted to the windshield, behind the rear view mirror.

This technology is very applicable for people driving cars they don’t actually own. For instance police can put in on their squad cars, or car rental services can put them on their rental cars, businesses can put them on company cars, heck, even paranoid parents can put them on their children’s cars.

But on a serious note, if they can continue to contract with this sort of market segment the company may very well have a profitable product.