Business
Re Contract
Re Contract.
About this update from Ithaca Energy Plc
[{"type":"text","content":"\n ITIS Holdings PLC\n10 March 2008\n\n\n\n CONTRACT WITH MISSOURI DEPARTMENT OF TRANSPORTATION (MODOT) FOR REAL TIME\n TRAFFIC INFORMATION\n\n\n\nWe are pleased to announce today that following further evaluation of traffic\ndata on some key roads in Missouri, a new contract with revised milestones has\nnow been signed between Delcan, our partner in America, and MoDOT to enable ITIS\nto supply Statewide real time traffic information. We anticipate that the\nentire State will be covered by October this year and as we have mentioned\nbefore, we expect the financial contribution to be modest.\n\n\nStuart Marks, Chief Executive, ITIS Holdings said 'Despite a very long delay for\nreasons entirely out of our control, we have worked hard with Delcan and MoDOT\nto keep this contract alive and we are delighted that we will now be able to\nfulfil our contractual obligations.'\n\n\nPete Rahn, Director, MoDOT said 'We are appreciative to ITIS for their\ncommitment to find ways of working with us in order to deliver the contract. We\nare very excited and pleased that we will soon have our Statewide traffic\nsolution.'\n\n\n - Ends -\n\n\n\n\nNotes to editors:\n\nITIS Holdings plc, listed on AIM, (ITH.L) is the UK's leading provider of\ntraffic incident and travel information. ITIS has invested in the development\nof a unique system for the collection and analysis of traffic information, it\ncombines journalistic information with ITIS' historic and real-time Floating\nVehicle Data (FVDTM) to provide journey time forecasts and real-time updates.\nITIS now operates the largest commercial application of FVD anywhere in the\nworld, and delivers the content over a variety of platforms including RDS-TMC\n(Alert C), digital radio and automated telephone services (IVR) under the\nKeepmoving brand. ITIS has agreements in the UK to provide information to BMW,\nFord, Jaguar, Land Rover, Lexus, MINI, Mercedes-Benz, Mitsubishi, Nissan,\nPorsche, Renault, Rolls Royce, Saab, Subaru, Toyota and Volvo. Aftermarket and\nportable device customers include Active Pilot, Clarion, Co Pilot, Fujitsu,\nHarman Becker, Mio, Navicore, Navman, Pioneer, Road Angel, Route 66, Siemens\nVDO, Snooper, Sony Europe, Telmap, Telenav, TomTom, ViaMichelin and Way Finder.\n\n\nOutside of the UK ITIS uses its Cellular Floating Vehicle Data (CFVDTM) which\ntakes anonymous signalling...