Re Contract
June 09 2003 - 2:00AM
UK Regulatory
RNS Number:0569M
ITIS Holdings PLC
09 June 2003
Monday 9th June 2003
The Highways Agency purchases ITIS Floating Vehicle Data for Network Monitoring
ITIS Holdings plc (ITIS) today announces that the Highways Agency, who manage,
maintain and improve the network of trunk roads and motorways in England, on
behalf of the Secretary of State, has signed a significant 3 year licence with
ITIS to use its historic Floating Vehicle Data (FVD) to help monitor the
network.
ITIS has developed and now operates the world's largest FVD TM network using
information gathered from tens of thousands of cars, coaches and commercial
vehicles, all of which are equipped with position enabled black boxes.
Information is gathered by ITIS in real time and stored for historic analysis
across the entire 8,000 miles of the Strategic Road Network.
ITIS has also created a data warehouse called the Congestion Index TM that
currently contains in excess of half a billion speed and location records,
which represent the most comprehensive source of historic traffic information
available on the UK road network. The data stored within the Congestion Index TM
is constantly being increased, thereby ensuring that the Highways Agency will be
in a position to make more informed and immediate decisions about the network.
Using proprietary software, the data will be used by the Highways Agency to
derive average speeds and journey times and help the process of network
management across all motorways and major trunk roads.
Commenting Stuart Marks, Chief Executive of ITIS Holdings Plc said: "We are
delighted that the important public sector organisation, the Highways Agency,
has chosen to work with ITIS and see this significant contract as further
endorsement of the value of our historic data."
Ends
Contacts:
Stuart Marks, Chief Executive, ITIS Holdings plc - 0161 929 5788
Ginny Pulbrook, Citigate Dewe Rogerson - 0207 638 9571
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 information from the AA traffic
control centres 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.
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 alerts, vehicle tracking and police liaison throughout
Europe.
* Detection of theft - 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 report to any mobile phone (AutoTrak)
* Mileage reports to show trips and cumulative distances travelled
(Journey Diary)
For further information on the Company please visit our website at
www.itisholdings.com or www.navtrak.com
This information is provided by RNS
The company news service from the London Stock Exchange
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