Abstract: System and method for tracking assets comprises determining if an asset is inside a geofence area, using a first set of asset monitoring parameters to monitor operation of the asset, if the asset is inside the geofence area, and using a second set of asset monitoring parameters to monitor operation of the asset, if the asset is outside the geofence area. The invention further comprises a system and method for providing one or more competitors with an asset tracking device, wherein the asset tracking device allows each competitor's location to be monitored, defining one or more geofence areas on a racetrack, and detecting when the competitors enter a designated geofence area.

Abstract: The present invention provides a method and apparatus for recording motion of a vehicle or a fixed structure with a self-contained motion recorder apparatus. The self-contained motion recorder apparatus is a sealed unit that contains a power source together with controller, sensor and recording devices. The controller device includes a power consumption manager that manages and conserves the overall power consumption of the apparatus. A sensor device is further included in operable communication with the controller device that produces signals that represent the motion of the vehicle or structure as a function of time. Additionally, a recording element is provided in operable communication with the controller for storing data that corresponds to the signals. A communication interface is further provided such that data may be read from the apparatus and commands and data may be written into the apparatus, from an external device.