TAGS: Automotive Coatings
OZOP Energy Solutions (OZSC) executes an agent agreement with Cal-Tex Protective Coatings (Cal-Tex) through EV Insurance Company, dba OZOP Plus, a wholly owned subsidiary of OZSC. Cal-Tex is a provider of environmental protection and aftermarket products to the automotive industry.
Fully Charged Vehicle Service Contract
Under the agreement, Cal-Tex will white label the royal administration’s Fully Charged Vehicle Service Contract (Fully Charged VSC), incorporating their own branding. OZOP Plus will be providing battery protection and will cede the battery portion of all premiums sold through Cal-Tex.
Cal-Tex's version of the Fully Charged VSC will offer the same enhanced features and benefits of the Fully Charged VSC to their extensive customer base through their well-established relationships with auto dealerships and F&I personnel.
The benefits of this partnership are that Cal-Tex can immediately go to market with their branded version of the Fully Charged VSC and will also be able use Royal Administration as the Third-Party Administrator (TPA) for any claims.
Royal Administration provides their TPA services for processing claims through their claims center. This seamless integration of services ensures that consumers and dealerships will experience a smooth and efficient claims process, further enhancing their overall experience.
Peace of Mind to EV Purchasers
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We have been very impressed with the speed that Cal-Tex has shown in wanting to add an EV VSC to their portfolio. We look forward to seeing their marketing of the Fully Charged VSC through their well-established and respected agent network,” said Brian Conway, chief executive officer of OZOP Plus.
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Cal-Tex represents the perfect fit for the type of distribution partner OZOP seeks, as they have the necessary key relationships with car dealers. We envision other entities to be able to utilize our comprehensive battery protection within any VSC, as we believe our white-label VSC product will be best in class and provide the most 'peace of mind' to EV purchasers," added Conway.
Th3 agreement opens new revenue opportunities for OZOP Plus, from Cal-Tex’s existing network of 4,000 automotive dealerships nationwide that currently partner with Cal-Tex. This expansion allows the Fully Charged VSC to be accessible in a total of 7,000 dealerships, consolidating the strengths of both Royal Administrations and Cal-Tex within the automotive industry.
Protection & Enhancement of Electric Vehicles
Cal-Tex has a specialization in protective coatings for vehicles at the point of sale. As they launch a new charging product, the company is equally enthusiastic about integrating the Fully Charged VSC into their existing portfolio. This move aims to fortify their position in the market and provide their customers with a comprehensive suite of offerings to protect and enhance their electric vehicles.
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Here at CalTex, we don't just strive for innovation - we are committed to transcending the status quo and pushing the boundaries of possibility,” said John Luckett, executive vice president of CalTex.
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With immense pride, I am excited to announce our partnership with OZOP Plus and Royal Administration, a true game-changer in the domain of Fully Charged Vehicle Service Contracts. We have channeled significant efforts, research and resources into finding not just a product, but a strategic partner that will consistently exceed our customers' expectations," continued Luckett.
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We stand firm in our belief that this synergistic alliance between CalTex and OZOP Plus will revolutionize in the landscape of Fully Charged Vehicle Service Contracts. The prospect of experiencing first-hand the transformative effect this will have on our customers fills us with anticipation and excitement," added Luckett.
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We are excited about Cal-Tex wanting to white label the Fully Charged Electric VSC and the future of the auto industry. We could not have found better partners than OZOP, QuestX and Cirba Solutions to create best-in-class electric vehicle coverage, along with a sustainable nationwide recycling program and mobile emergency charging,” said Richard McCabe, president Royal Administration Services.
Source: OZOP Energy