Tekmar Group Regulatory News (TGP)

10 Jun 2005 06:00

Embargoed Release: 07:00hrs Friday 10 June 2005 TG21 plc (`the Company' or `the Group') Inforad distribution agreement TG21 plc is pleased to announce that its wholly owned subsidiary, Toad (UK)Ltd, has signed an exclusive distribution agreement with Inforad Ltd for thesale of the Inforad Speed Camera Warning Device ('Inforad') throughout theUnited Kingdom. Furthermore, the company is delighted to report that initiallaunch sales of the unit have been extremely encouraging and include initialorders in excess of 10,000 units from major high street retailers Woolworthsand Maplins.The Inforad unit uses GPS technology in conjunction with regularly updateddatabase information to plot speed camera locations and the vehicle's speedrelative to the appropriate speed limit to aid the improvement of road safetyby highlighting known accident hotspots. It is believed to be the lowest costunit on the market retailing at ‚£79.99. Importantly, the devices' lack ofdependence on laser or radar detection technology means it will not contravenethe proposed Road Safety Bill.Toad (UK) Ltd has also secured a four year license for the database of speedcamera locations for which Inforad users will pay an annual or lifetimesubscription fee to access after their initial 12 months of complementary usageexpires.For more information see: www.gpsinforad.co.ukFor enquiries please contact:Peter WardChairman, Toad Group plcWilson JenningsFinance Director, Toad Group plcTel: 020 8710 4000Andrew TanHansard CommunicationsTel: 020 7245 1100ENDTG21 PLC