ITIS Holdings PLC
7 December 2000
7th December 2000
Yeoman signs landmark navigation agreement with ITIS
YEOMAN Group plc, the mobile navigation company, and ITIS Holdings plc have
today announced that they have entered into an agreement to develop services
that will allow ITIS' Navtrak customers to receive automated voice navigation
over a mobile phone using landmarks in addition to traditional based
instructions.
ITIS' Navtrak product is based around a GPS/GSM tracking system (developed by
Minorplanet plc) fitted to its customers' cars which continuously relays the
car's position to a central server. Using this information, Navtrak customers
will be able to obtain landmarked turn-by-turn navigation via their
conventional mobile phone.
YEOMAN are developing the techniques that are central to the delivery of this
turn-by-turn voice navigation. In addition, this technology will be able to
deliver facilities information to location-enabled devices such as mobile
phones and other telematics equipment.
This agreement follows an initial contract signed between the two companies in
September to develop routing techniques for real-time and predicted traffic
data.
Commenting on this agreement, Stuart Marks, Chief Executive of ITIS Holdings
plc, said:
'ITIS is committed to ensuring that Navtrak services are relevant and
incorporate the latest technological advances which add the greatest possible
value to its subscribers. Yeoman are at the forefront of developing mobile
technologies and we believe that this deal will place us at the cutting edge
of driver services.'
Hugh Agnew, Chief Executive of YEOMAN, added:
'This agreement further strengthens our relationship with ITIS, giving YEOMAN
further penetration into the important and fast growing telematics market.
This has been achieved within a timescale that will ensure a competitive
advantage for both companies.
-ends-
For further information:
Stuart Marks, Chief Executive
ITIS Holdings plc Tel. 0161 929 5788
Ginny Pulbrook
Citigate Dewe Rogerson Tel. 020 7282 2945
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