Re Contract

ITIS Holdings PLC 09 September 2004 9th September 2004 ITIS awarded contract for Estimotion Technology in the USA ITIS Holdings plc (ITIS), a leading road traffic information specialist is pleased to announce that it has been awarded a two year contract worth £500,000 by the Maryland Department of Transportation (MDOT) in the United States to deploy its Estimotion technology in the Baltimore region. Estimotion generates real time traffic flow information based on anonymously sampling the positions of mobile phones in moving vehicles. ITIS will license the Estimotion software to MDOT and is in negotiations with other commercial organisations to sell the data for use in applications such as in-vehicle navigation and broadcast services. There will be no new overhead requirement for this project as the software allows all technical support and implementation to be handled by the existing teams in the UK and Israel. This announcement builds upon recent contracts to roll out the Estimotion technology in the UK and in Belgium and is the first time that traffic information has been collected in the US using this method. ITIS is confident that a successful implementation in Baltimore will attract other State Departments of Transportation to employ this technology. Traditional methods of collecting traffic flow data are not only capital intensive resulting in significant long term maintenance costs but are also unable to offer reliable information in urban areas. Estimotion addresses both of these problems and as a result, MDOT will receive accurate, real time information from the heart of the city through to major roads and interstates. ITIS has also agreed terms with a major cellular network partner to support Baltimore and other cities in the US. Stuart Marks, Chief Executive, ITIS Holdings plc said 'This is an exciting milestone for the Company and proves beyond doubt that with our technology and knowledge of the market for traffic information we can confidently operate in virtually any city in the world. Congestion is a major problem everywhere and Governments and the Commercial sector are increasingly trying to find more efficient ways to access reliable information. We fully believe that ITIS is set to play a major part in this need for consistent and scaleable traffic data. For Baltimore to select ITIS for this project is a huge endorsement and I am confident that we will win further business in the US and internationally.' NOTES TO THE EDITOR: • ITIS Holdings plc, listed on AIM, is the UK's leading provider of traffic information services. ITIS has invested in the development of a unique system for the collection and analysis of traffic information; it combines information from the Automobile Association (AA) traffic control centres with ITIS historic and real time Floating Vehicle Data (FVD(R)) to provide journey time forecasts and real time updates. ITIS now operates the largest commercial application of FVD(R) 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. • Estimotion, Inc. was founded in July 2000 and was acquired by ITIS in December 2003. Estimotion is now ITIS Traffic Services ltd based in Israel. Estimotion has developed patented technology which provides a unique and high quality system for measuring and forecasting real time traffic flow based on anonymously sampling the positions of mobile phones. Whilst an individual record of a mobile phone's position is typically less accurate than a corresponding GPS record, this is compensated by the large number of mobile phones on any road, knowledge of the underlying road network and the application of statistical techniques. Estimotion has developed a full working demonstration site with high success, using live mobile phone data in the Tel Aviv area of Israel, and has calibrated the results against traffic simulation models and loop data. CONTACT DETAILS: ITIS Holdings plc Stuart Marks - Tel: +44 161 929 5788 smarks@itisholdings.com ---- End ---- This information is provided by RNS The company news service from the London Stock Exchange
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