Re Contract
ITIS Holdings PLC
07 March 2008
ITIS enters into agreement with major GPS manufacturer for UK TMC Traffic
Services
ITIS Holdings ('ITIS' or 'the Company'), a market leader in real time traffic
information services, is pleased to announce that Garmin, a world leader in
Personal Navigation Devices, has signed a 3 three year contract with ITIS to
supply UK RDS-TMC traffic information to newly announced products.
ITIS data will be available across the nuvi 2x5 range of personal navigation
devices, a new,entry-level product line that offers popular features such as
turn-by-turn, voice prompted navigation; Garmin LocateTM; Garmin Connect Photos;
and traffic information via an optional traffic receiver.
Stuart Marks, Chief Executive, ITIS Holdings said. 'We are delighted to be
selected by Garmin as a traffic provider and we will be working closely with
them to build upon our combined leadership in traffic and navigation. ITIS real
time traffic information will help Garmin's customers avoid the jams and reach
their destination quickly and stress free.'
- Ends -
Notes to editors:
ITIS Holdings plc, listed on AIM, (ITH.L) is the UK's leading provider of
traffic incident and travel information. 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
Keepmoving brand. ITIS has agreements in the UK to provide information to BMW,
Ford, Jaguar, Land Rover, Lexus, MINI, Mercedes-Benz, Mitsubishi, Nissan,
Porsche, Renault, Rolls Royce, Saab, Subaru, Toyota and Volvo. Aftermarket and
portable device customers include Active Pilot, Clarion, Co Pilot, Fujitsu,
Harman Becker, Mio, Navicore, Navman, Pioneer, Road Angel, Route 66, Siemens
VDO, Snooper, Sony Europe, Telmap, Telenav, TomTom, ViaMichelin and Way Finder.
Outside of the UK ITIS uses its Cellular Floating Vehicle Data (CFVDTM) which
takes anonymous signalling information from wireless networks to determine speed
and flow information on a given road network. ITIS has successfully introduced
CFVD in Australia, Belgium, Czech Republic, Israel and the USA. Other projects
are underway in Asia, Ireland South Africa and Spain.
For more information please visit www.itisholdings.com or email
info@itisholdings.com
Enquiries:
Stuart Marks, ITIS Holdings plc - 0044 161 929 5788
Ged Brumby, Citigate Dewe Rogerson - 0044 207 638 9517
This information is provided by RNS
The company news service from the London Stock Exchange