LatAm Autos Limited announced it has executed an agreement with an automotive software developer to become the exclusive distributor of its CarSync hardware devices and software to users in Latin America. The product features GPS intelligence, motion sensors and mobile data connectivity which allows users to create a driving profile based on their travel and safety statistics. CarSync can be installed in all car models and allows real-time tracking of vehicle location, synchronisation with traffic and parking navigation services, roadside assistance, theft detection and motion sensors to detect driving patterns. LatAm Autos will sell the CarSync product using 1 to 4 year agreements with pricing plans that comprise an upfront installation fee from $300 (excl. VAT) and an annual renewal fee from $200. LatAm Autos will generate recurring SaaS revenue by providing distribution, administrative processing and invoicing services through its software platform.