Re Contract
ITIS Holdings PLC
10 March 2008
CONTRACT WITH MISSOURI DEPARTMENT OF TRANSPORTATION (MODOT) FOR REAL TIME
TRAFFIC INFORMATION
We are pleased to announce today that following further evaluation of traffic
data on some key roads in Missouri, a new contract with revised milestones has
now been signed between Delcan, our partner in America, and MoDOT to enable ITIS
to supply Statewide real time traffic information. We anticipate that the
entire State will be covered by October this year and as we have mentioned
before, we expect the financial contribution to be modest.
Stuart Marks, Chief Executive, ITIS Holdings said 'Despite a very long delay for
reasons entirely out of our control, we have worked hard with Delcan and MoDOT
to keep this contract alive and we are delighted that we will now be able to
fulfil our contractual obligations.'
Pete Rahn, Director, MoDOT said 'We are appreciative to ITIS for their
commitment to find ways of working with us in order to deliver the contract. We
are very excited and pleased that we will soon have our Statewide traffic
solution.'
- 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 9571
This information is provided by RNS
The company news service from the London Stock Exchange