Ithaca Energy Regulatory News (ITH)

7 Mar 2008 07:00

ITIS Holdings PLC07 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 trafficinformation services, is pleased to announce that Garmin, a world leader inPersonal Navigation Devices, has signed a 3 three year contract with ITIS tosupply UK RDS-TMC traffic information to newly announced products. ITIS data will be available across the nuvi 2x5 range of personal navigationdevices, a new,entry-level product line that offers popular features such asturn-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 beselected by Garmin as a traffic provider and we will be working closely withthem to build upon our combined leadership in traffic and navigation. ITIS realtime traffic information will help Garmin's customers avoid the jams and reachtheir destination quickly and stress free." - Ends - Notes to editors: ITIS Holdings plc, listed on AIM, (ITH.L) is the UK's leading provider oftraffic incident and travel information. ITIS has invested in the developmentof a unique system for the collection and analysis of traffic information, itcombines journalistic information with ITIS' historic and real-time FloatingVehicle Data (FVDTM) to provide journey time forecasts and real-time updates.ITIS now operates the largest commercial application of FVD anywhere in theworld, and delivers the content over a variety of platforms including RDS-TMC(Alert C), digital radio and automated telephone services (IVR) under theKeepmoving 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 andportable device customers include Active Pilot, Clarion, Co Pilot, Fujitsu,Harman Becker, Mio, Navicore, Navman, Pioneer, Road Angel, Route 66, SiemensVDO, Snooper, Sony Europe, Telmap, Telenav, TomTom, ViaMichelin and Way Finder. Outside of the UK ITIS uses its Cellular Floating Vehicle Data (CFVDTM) whichtakes anonymous signalling information from wireless networks to determine speedand flow information on a given road network. ITIS has successfully introducedCFVD in Australia, Belgium, Czech Republic, Israel and the USA. Other projectsare underway in Asia, Ireland South Africa and Spain. For more information please visit www.itisholdings.com or emailinfo@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