ITIS Holdings PLC
27 June 2007
ITIS LICENCES TRAFFIC TECHNOLOGIES FOR NATIONAL ROLL OUT IN BELGIUM
ITIS Holdings plc (ITIS) is pleased to announce that Be-Mobile, a recently
formed Joint Venture between Touring, Belgium's largest touring club and
roadside assistance company, and TC-Matix, has signed a 3 year exclusive
licensing agreement to use ITIS road traffic collection and distribution
technologies in Belgium. ITIS will receive an upfront licence fee and royalty
payments on future revenues.
This agreement follows the successful pilot of the ITIS Cellular Floating
Vehicle Data (CFVDTM) technology in Antwerp, which was undertaken using data
from the Proximus network, the largest mobile operator in Belgium. Be-mobile
will now expand on the Antwerp system to launch a nationwide deployment of CFVD
TM using data from the Proximus network. The cellular data will also be merged
with GPS Floating Vehicle Data (GFVDTM) to provide high quality flow data across
the whole of Belgium.
ITIS is a leading provider of real time and historic traffic information and
operates the world's most commercially successful Floating Vehicle Data (FVD(R))
system. ITIS will work closely with Be-Mobile to deliver commercially proven
applications such as IVR telephone services and RDS-TMC.
Be-Mobile's vision is to become the market leader for real-time traffic
information in Belgium, providing services such as internet web maps, telephone
information services and broadcast services including RDS-TMC for in-car
satellite and other navigation systems. It will also provide historic traffic
information to government and road builders to help planning for future
improvements to the road network.
Commenting, Stuart Marks, Chief Executive of ITIS, said: 'The licensing
agreement with Be-Mobile represents a significant step for ITIS in Europe and
demonstrates how we can move from a pilot programme to full national deployment.
By licensing our technologies with strong local partners, we can enter into
new markets quickly and with minimum risk.'
Jan Cools, Chief Executive of Be-Mobile, said: 'We are been impressed with the
ITIS technologies and the successful business model ITIS operates in the UK. Our
licensing agreement with ITIS will provide Be-Mobile with the traffic
information systems and business logic to enable us to offer market-leading
traffic services in Belgium.'
- Ends -
Contact:
Stuart Marks, Chief Executive, ITIS Holdings plc - + 44 (0)161 929 5788
Jan Cools, Chief Executive, Be-Mobile NV, + 32 495 280 880
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 AA
RoadWatch 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. Studio broadcasts and 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.