Business
ITIS enew contract with BMW
ITIS enew contract with BMW.
About this update from Ithaca Energy Plc
[{"type":"text","content":"\n ITIS Holdings PLC\n11 September 2006\n\n\n\n11th September 2006\n\n\n ITIS SIGNS NEW LONG TERM CONTRACT WITH BMW, MINI AND \n ROLLS ROYCE UK FOR RDS-TMC TRAFFIC INFORMATION\n\n\nITIS Holdings plc ('ITIS' or the 'Company') is pleased to announce today that it\nhas renewed its RDS-TMC contract with BMW (including MINI and Rolls Royce\nbrands) for a further five and a half years until March 31st 2012. This\ncontract, which is ITIS' largest ever for TMC, commences with immediate effect\nand renews the contract originally signed with BMW in September 2003. ITIS will\nremain the exclusive provider of real time traffic information to BMW using\nRDS-TMC and the length of this new deal will allow BMW and ITIS to work in\npartnership to further develop traffic information services for BMW drivers.\n\nCarl Sanderson, General Manager, Product & Market Planning said 'Since ITIS were\nappointed as our traffic information provider for RDS-TMC three years ago, we\nhave worked together to ensure that BMW drivers receive the highest quality\ntraffic data presented in the most usable and innovative format within their\ncar. Over the last few years ITIS have worked closely with BMW engineers in\nMunich to develop a fully integrated product and this new long term agreement\nwill enable us to develop new products together to ensure that both BMW and ITIS\nremain the market leaders in this area. We have conducted ongoing testing of the\nservice and are completely satisfied that the traffic information which ITIS\nsupplies meets all of our quality criteria whilst their understanding and\nexperience of TMC is significantly ahead of anyone else in this market. Coupled\nwith this we have had favourable feedback from customers and dealers regarding\nthe RDS-TMC service following a research study we recently undertook and now\nwish to develop this service over the coming years.'\n\nStuart Marks, Chief Executive, ITIS Holdings plc, said 'We are absolutely\ndelighted that BMW have not only chosen to renew their contract with ITIS but\nfor a period of time which will enable us to further advance the service for the\nbenefit of all BMW drivers both on the current platforms and new technology as\nthis becomes available. BMW clearly recognise the relevance and importance of\nproviding Dynamic Route Guidance as an essential part of their navigation\nsolutio...