Verisk Analytics has launched a wireless tracking and recovery device for mobile heavy equipment with no monthly fees. Ironwatch was developed for construction, farm, and industrial equipment by the National Equipment Register, and is supported by the AT&T wireless network.


The unique Ironwatch "sleeping SIM" capability makes tracking and recovery affordable, because Ironwatch does not incur a monthly fee. With a durable three-month internal battery life, Ironwatch is supported by a 24-hour, fully staffed service call center that uses the national GPS 911 system as well as NER's extensive experience and success in supporting the investigation and recovery of stolen equipment. With this support system in place, Ironwatch delivers quick and accurate location and recovery information to equipment owners and law enforcement for misplaced or stolen equipment.

"Ironwatch is the missing part of the equipment security puzzle," said David Shillingford, president of NER. "For the last ten years, we've been hearing growing frustration from equipment owners who want a simple equipment location and recovery device that is low-cost, easily installed, robust, tamper-evident, and has no monthly fee. Ironwatch has the potential to change the way after-market equipment security and tracking are delivered. The level of interest expressed by equipment owners, rental companies, and their insurers and finance companies during our market research is very encouraging."

"This technology will change the game when it comes to monitoring the location and facilitating the recovery of lost or stolen equipment," said Stephen Rybar, president, American Security Logistics. "Until now, the ongoing monthly cost of this type of service has been prohibitive for most rental or construction owners. But with our process, there is no monthly service charge. The customer is only charged if and when the service is used. The recovery of lost or stolen equipment can potentially save the consumer on insurance costs as well as provide peace of mind."

Tracking information will be delivered across the AT&T nationwide network.

"This is a cost-effective option for equipment owners who manage and monitor heavy equipment across many industries," said Glenn Lurie, president of emerging devices, resale and partnerships, AT&T. "We look forward to providing the wireless network that helps businesses connect and recover valuable assets through this innovative tracking solution."

For more information, visit www.verisk.com.