Combined Team

The two teams bring a impressive set of resources to the merged company. Hughes Telematics, initially backed and majority owned by Apollo Management, has strong management with significant experience in telematics, satellite radio, wireless, automotive and entrepreneurial initiatives and is at the precipice of significant growth. Combining forces with Polaris adds approximately $140 million dollars in working capital, and also a public capital base, a public currency for future growth and potential acquisitions, and strategic and tactical experience in acquisition, merchant banking and marketing. All of these are strong enhancements to the company's status as a global leader in this rapidly growing industry.