Ithaca Energy Regulatory News (ITH)

19 Jan 2006 07:00

ITIS Holdings PLC19 January 2006 ITIS HOLDINGS PLC TRADING UPDATE ITIS Holdings plc ("ITIS"), the market leader in RDS-TMC enabled trafficinformation, is pleased to announce that recent declarations from its vehiclemanufacturer customers for factory-fitted navigation systems have been higherthan anticipated. As a result, the Board of ITIS believes that current yearsales for RDS-TMC will be better than expected and that profits for the yearending 31 March 2006 will be ahead of current market expectations. Thisincreased level of navigation unit sales is expected to continue next year. - ends -Contact: Stuart Marks, Chief Executive, ITIS Holdings plc - 0161 929 5788 Ginny Pulbrook, Citigate Dewe Rogerson - 0207 282 2945 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 journalistic information 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. • TMC is a European-developed and standardised means of delivering real-time traffic information. Transmitted data is decoded by a receiving device such as a satellite navigation system and translated into text or speech traffic alerts. By combining traffic information delivered via RDS-TMC with the re-routing facilities offered by satellite navigation systems drivers are finally afforded dynamic avoidance of traffic congestion. • Through its NavTrak business (www.navtrak.com), ITIS has developed a unique and innovative stolen vehicle tracking service delivered via GPS/GSM technology, which offers: • Theft detection- even when owner's keys have been taken. (Automatic Driver Recognition - ADR) • Automatic GPS tracking of stolen vehicles (Stolen Vehicle Recovery) • Theft alerts, GPS tracking and police liaison covering 20 European countries (EUROWATCH) • Instantaneous position reports to any mobile phone (AutoTrak) • Mileage reports to show trips and cumulative distances travelled (Journey Diary) • The NavTrak family of telematics units are fitted to over 100,000 vehicles both in UK, mainland Europe, America and Australia • ITIS provide traffic data to all mobile phone providers. To receive up-to-date traffic and travel information direct from your mobile phone call 401100 from any network; 2222 from Vodafone; 2020 from T-mobile. • ITIS provide traffic data to www.getmethere.co.uk, a comprehensive service from Toyota providing information on route planning, traffic information, traffic alerts and incidents, and weather forecasts. • ITIS have new contracts for RDS-TMC with Land Rover, Renault, Nissan, Vauxhall Motors, BMW to include Mini, Porsche and Mercedes, in addition to their original contracts with Bentley, Ford, Lexus, Saab, Subaru, Toyota, Volvo and Volkswagen. This information is provided by RNS The company news service from the London Stock Exchange