ITIS Holdings PLC
13 November 2000
Monday 13th November 2000
ITIS to supply Massey Ferguson
with NavTrak Location Systems
ITIS Holdings plc, the fully listed telematics business, today announces that
it has reached an agreement with Massey Ferguson, a brand of the US AGCO
Corporation, one of the world's largest manufacturers of farm equipment to
supply NavTrak location devices to new and used farm vehicles throughout the
UK.
The NavTrak location device is an optional extra and operates with the use of
GPS satellite technology and is capable of plotting a vehicle's movements 24
hours per day; ITIS will offer support if the vehicle is stolen via its
NavTrak control centre.
Massey Ferguson, one of the world's most widely sold tractor brands, is
instigating this initiative in response to the growing number of farm vehicle
thefts in the UK due to the growing demand in Eastern Europe. NavTrak will be
offered to AGCO's 128 dealers across the UK as an aftermarket product for
fitment to Massey Ferguson tractors, agricultural and commercial vehicles.
Commenting on the announcement, Stuart Marks, Chief Executive of ITIS Holdings
commented: 'We are delighted with this joint initiative, demonstrating a
strategic alliance with the well known Massey Ferguson brand to develop and
distribute ITIS's products and services. We are continuing to further
penetrate new areas and applications utilising our expertise within the
telematics market.'
- Ends -
Contact: Stuart Marks
Chief Executive Officer
ITIS Holdings plc
Telephone: 0161 929 5788
Ginny Pulbrook/Charles Vivian
Director
Citigate Dewe Rogerson
Telephone: 0207 282 2945
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