PassTime recently launched what the wireless GPS telematics products provider called Elite 5, an LTE Category 1-based telematics device serving consumer, dealership, fleet and specialized finance company markets.

The company highlighted The Elite 5 is the first LTE Category 1-based GPS device certified on Verizon’s 4G LTE network to serve the subprime automotive finance market in the U.S.

In addition, PassTime noted the Elite 5 will feature advanced power-saving functionality.

“The Elite 5 is a huge accomplishment for PassTime,” PassTime chief operating officer Chris Macheca said.

Bringing the first LTE Category 1-based device into the payment assurance market will provide our customers with access to the most reliable 4G LTE network and provide for network longevity which is critical to our customers,” Macheca continued.

PassTime has been a valued member of the Verizon Partner Program for nearly two years since launching a CDMA device on Verizon’s wireless network in 2014.  The company continues to provide innovative products and access to the latest technologies, helping ensure its customers have the best technology options to fit their needs.

“PassTime is a valued partner that has made several fleet devices available to Verizon customers,” said Chris Schmidt, executive director at Verizon.

“We are pleased to see cost-effective 4G LTE solutions such as PassTime’s Elite 5 Cat 1 device come to market and provide a new solution to serve the subprime auto finance market that connects to Verizon’s 4G network,” Schmidt went on to say.

For more information on PassTime’s new Elite 5 device, contact the company at (877) 727-7846 or info@passtimegps.com.