ITIS Holdings PLC
26 October 2006
ITIS extends DfT congestion monitoring contract for a further 12 months
ITIS Holdings plc ('ITIS or the 'Company') today announces that the Department
for Transport (DfT) who maintain and improve the network of trunk roads and
motorways in England has extended the existing contract to license ITIS'
historic Floating Vehicle Data (FVD(R)) to measure congestion across the road
network for a further twelve months.
ITIS has developed and now operates the world's largest FVD(R) system using
information gathered from tens of thousands of cars, commercial vehicles and
coaches, all of which are equipped with position enabled devices. Data is
gathered by ITIS in real time and stored for historic analysis.
Under the terms of the agreement, the DfT will purchase historic data from ITIS
for a further year enabling statisticians to measure the ongoing impact of
congestion. ITIS data will also be made available to local authorities in
England to help them produce and measure the effectiveness of Local Transport
Plans.
Stuart Marks, Chief Executive, ITIS Holdings plc said, 'We are delighted to
continue our working relationship with the DfT and as our base of historic
information continues to grow, so does our contribution to this project'.
- Ends -
Contact:
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
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