ITIS Holdings PLC
03 October 2006
ITIS SIGNS NEW CONTRACT WITH TomTom FOR REAL TIME TRAFFIC DATA
ITIS Holdings plc ('ITIS' or the 'Company') today announces that it has agreed a
new contract with TomTom, a leading provider of personal navigation devices
(PNDs). This replaces a previous 18 month agreement where ITIS traffic data was
offered to TomTom customers via a third party integrator. The new contract now
includes a supply of traffic information to support RDS-TMC which TomTom are
launching shortly.
Commenting Stuart Marks, Chief Executive of ITIS said: 'We have enjoyed a strong
relationship with TomTom for the past 18 months and are delighted to see this
continue through a new contract direct with TomTom. Our unrivalled experience
of RDS-TMC and focus on delivering the highest quality real time traffic data
will enable us to work closely with TomTom to ensure that they and their
customers benefit fully from RDS-TMC functionality.'
Ends
Contacts:
Stuart Marks, Chief Executive, ITIS Holdings plc - 0161 929 5788
Ginny Pulbrook, Citigate Dewe Rogerson - 0207 638 9571
Note to editors:
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 information from the AA traffic
control centres with ITIS Historic and real-time Floating Vehicle Data (FVD) 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.
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.