Ithaca Energy Regulatory News (ITH)

26 Oct 2006 07:00

ITIS Holdings PLC26 October 2006 ITIS extends DfT congestion monitoring contract for a further 12 months ITIS Holdings plc ("ITIS or the "Company") today announces that the Departmentfor Transport (DfT) who maintain and improve the network of trunk roads andmotorways in England has extended the existing contract to license ITIS'historic Floating Vehicle Data (FVD(R)) to measure congestion across the roadnetwork for a further twelve months. ITIS has developed and now operates the world's largest FVD(R) system usinginformation gathered from tens of thousands of cars, commercial vehicles andcoaches, all of which are equipped with position enabled devices. Data isgathered by ITIS in real time and stored for historic analysis. Under the terms of the agreement, the DfT will purchase historic data from ITISfor a further year enabling statisticians to measure the ongoing impact ofcongestion. ITIS data will also be made available to local authorities inEngland to help them produce and measure the effectiveness of Local TransportPlans. Stuart Marks, Chief Executive, ITIS Holdings plc said, "We are delighted tocontinue our working relationship with the DfT and as our base of historicinformation 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 trafficinformation and vehicle security services. ITIS has invested in the development of a unique system for the collection andanalysis of traffic information; it combines information from the AA trafficcontrol centres with ITIS Historic and real-time Floating Vehicle Data (FVD) toprovide Journey time forecasts and real-time updates. ITIS now operates thelargest commercial application of FVD anywhere in the world, and delivers thecontent over a variety of platforms including RDS-TMC (Alert C), digital radioand automated telephone services (IVR) under the AA RoadWatch brand. This information is provided by RNS The company news service from the London Stock Exchange