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New Jersey Economic Development Authority

About New Jersey Economic Development Authority

The New Jersey Economic Development Authority (EDA) has closed an Edison Innovation Fund investment to assist Franklin Township-based Dynamic Mobile Data Systems, Inc. (DMD). The investment will be used to supplement financing for the development and marketing of DMD's new FleetCentrix product suite, which will result in an estimated 15 new jobs over – more... the next two years. Established in 1994, DMD is a pioneer in the development of wireless data communication solutions. The company currently serves over 35,000 end-users, with clients including DHL, Purolator Courier and ConEdison. DMD's innovative products offer field service operations and strategic business solutions. Over the past decade, the company has expanded its product line several times to include wireless software applications for mobile assets. The new FleetCentrix integrated telematics product is intended to be a comprehensive fleet management, dispatch and field service tool available to medium-to-larger companies over the Internet or in licensed form. This program will allows customers to manage their fleets with a high degree of efficiency and cost effectiveness. "This investment in DMD is a perfect example of how the Edison Innovation Fund is working to keep New Jersey at the forefront of technological breakthroughs," said EDA Chief Executive Officer Caren S. Franzini. DMD is located within the Greater New Brunswick Innovation Zone, one of three "technology neighborhoods" in the state where academic and research institutions can work with companies to develop and market new products or services while enjoying certain financial incentives and other benefits. The other two Innovation Zones are located in Camden and Newark. – lessMore from ZoomInfo »

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