ITIS Holdings PLC
05 September 2005
Monday 5th September 2005
Missouri Department Of Transportation commences exclusive negotiations with ITIS
to deploy CFVDTM statewide
ITIS Holdings plc ('ITIS') is pleased to announce that following a competitive
and extensive tendering process, it has been invited by the Missouri Department
of Transportation ('MoDOT') to enter into contract negotiations on an exclusive
basis to deploy its Cellular Floating Vehicle Data (CFVDTM) technology
throughout the State of Missouri. The contract will include the cities of St
Louis and Kansas City and cover at least 5,400 miles of inter-urban and urban
roadway. By comparison, our deployment in Baltimore covers around 1000 miles.
ITIS bid for this contract with its US partner Delcan-NET who, in accordance
with our agreement, will be the lead contractor in this strategically important
multi-year deal. Competition for this tender came from leading transportation
consultancies and other providers of cellular traffic probe technologies. We
anticipate that the CFVDTM system will be deployed within six months of the
contract being awarded. At that time the data will be integrated immediately
with the relevant Traffic Management Centers in the state.
This is the first major competitive tender issued by a state for such a traffic
system and we believe that our success will encourage other states to look
favourably at the ITIS and Delcan-NET offering.
Once the formal contract has been signed ITIS will issue a further announcement
outlining the financial and terms details.
Stuart Marks, Chief Executive of ITIS Holdings plc said 'This landmark deal is a
major endorsement for our CFVDTM technology and our relationship with Delcan-
NET, a combination of which has beaten strong and credible competition in this
market. ITIS operates the largest deployment of Floating Vehicle Data traffic
technologies anywhere in the world with over 22,000 miles covered before the
inclusion of the Missouri roadway network.
With our deployment in Baltimore and Delcan-NET's extensive knowledge of the DOT
market we are confident in our ability to capitalise further on the significant
market for CFVD traffic information in the USA'
CONTACT
Stuart Marks - Chief Executive, ITIS Holdings plc - 0161 929 5788
Ginny Pulbrook, Citigate Dewe Rogerson, 0207 282 2845
Note to editors:
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 information from Trafficlink
control centres with ITIS Historic and real-time Floating Vehicle Data (FVD) 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 AA Roadwatch brand.
Through its NavTrak business (www.navtrak.com), ITIS has developed a unique and
innovative stolen vehicle tracking service delivered via GPS/GSM technology,
which offers theft alerts, vehicle tracking and police liaison throughout
Europe.
• Detection of theft - even when owner's keys have been taken. (Automatic
Driver Recognition - ADR)
• Automatic GPS tracking of stolen vehicles (Stolen Vehicle Recovery)
• Theft alerts, GPS tracking and police liaison covering 20 European
countries (EUROWATCH)
• Instantaneous position report to any mobile phone (AutoTrak)
• Mileage reports to show trips and cumulative distances travelled
(Journey Diary)
For further information on the Company please visit our website at
www.itisholdings.com or www.navtrak.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.