ITIS Holdings PLC
29 August 2007
29th August 2007
CONTRACT EXTENSION
MITSUBISHI MOTORS EUROPE HAVE EXTENDED THEIR CONTRACT WITH ITIS
ITIS Holdings plc (ITIS) today announces a 3-year contract extension with
Mitsubishi Motors Europe B.V. to continue to supply its RDS-TMC (Radio Data
System - Traffic Message Channel).
The ITIS RDS-TMC service is a standard feature on the factory-installed
satellite navigation system, which is available on the new Mitsubishi Outlander
and new Mitsubishi Pajero factory fitted satellite navigation systems for the
European market.
The new Outlander's and Pajero's navigation system is enabled to receive the TMC
messages broadcast by ITIS, which holds the UK licence to broadcast TMC which
was awarded by the Radio Authority (now Ofcom). Satellite navigation systems
enabled for TMC receive real-time traffic information data from ITIS, not only
to provide drivers with aural and visual alerts on traffic hold-ups ahead, but
also to automatically suggest alternative routes enabling drivers to dynamically
re-route around congestion.
These advanced features are expected to also be made available later with the
all-new Lancer family of cars (Lancer Sports Sedan, Lancer Sportback and Lancer
Evolution).
Stuart Marks, Chief Executive, ITIS Holdings plc, commented, 'We have enjoyed a
strong relationship with Mitsubishi Motors since 2001 and are delighted to see
this continue with ITIS as Mitsubishi Motors' exclusive RDS-TMC service
provider. Our unrivalled national coverage and ability to provide the highest
quality real time traffic data will enable us to continue to ensure that
Mitsubishi Motors' customers continue to benefit fully from our dynamic traffic
data.'
Note: 'Pajero' is 'Montero' in Spain and 'Shogun' in the UK.
- Ends -
Contact:
Stuart Marks, Chief Executive, ITIS Holdings plc - + 44 (0)161 929 5788
Ged Brumby, Citigate Dewe Rogerson - +44 (0) 207 282 2945
Note to Editors
ITIS background material
ITIS Holdings plc, listed on AIM, is the UK's leading provider of traffic
information and vehicle security services. ITIS has invested in the development
of a unique system for the collection and analysis of traffic information, it
combines journalistic information with ITIS' historic and real-time Floating
Vehicle Data (FVDTM) to provide journey time forecasts and real-time updates.
ITIS now operates the largest commercial application of FVD anywhere in the
world, and delivers the content over a variety of platforms including RDS-TMC
(Alert C), digital radio and automated telephone services (IVR) under the
Keepmoving brand.
ITIS traffic information is collated from a combination of journalistic and
real-time sources using its own FVD network. The data is then transmitted
directly to the TMC receiver using a carrier of the Classic FM radio network,
which provides coverage of 90% of the strategic road network.
ITIS provide traffic data to all mobile phone providers. To receive up-to-date
traffic and travel information direct from your mobile 'phone call 64644 from
any network; 2222 from Vodafone; 2020 from T-mobile. Calling the 64644
trafficline gives you access to so much more than up-to-the-second traffic
updates for any road in the UK. Live studio broadcasts from our traffic studio
detail incidents and jams and give you a far more rounded picture of any problem
on the roads. Visit www.keepmoving.co.uk for more information.
For further information please visit www.itisholdings.com
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.