Re Contract
19 5월 2003 - 7:48PM
UK Regulatory
RNS Number:2519L
Trafficmaster PLC
19 May 2003
19 May 2003
TRAFFICMASTER SIGNS DEAL WITH PEUGEOT
PEUGEOT LAUNCHES TRAFFICMASTER'S SMARTNAV AS AN APPROVED ACCESSORY ACROSS ALL
MODELS IN UK
Trafficmaster plc announces that it has signed a deal with Peugeot Motor Company
Plc through which Peugeot will offer Smartnav, Trafficmaster's dynamic
navigation system, as an approved accessory across its entire UK model range.
From this week, Peugeot will make Smartnav available to Peugeot drivers through
the company's 350 dealerships in the UK.
Since launch last year, Smartnav has quickly established a unique position in
the satellite navigation marketplace. Smartnav is one of the most advanced
navigation systems available - using Trafficmaster's unique live and predictive
traffic data to enable the motorist to avoid traffic delays. Smartnav combines
intelligent navigation with a number of additional motoring services, such as an
emergency and breakdown feature and a new Safe Speed* option, it is therefore
anticipated that it will appeal to a broad range of Peugeot's customers.
By combining these unique features at less than one half the price of
conventional navigation systems, Smartnav delivers the benefits of satellite
navigation to many more car buyers. Peugeot last year had the third largest
share of the UK car market selling over 200,000 cars.
Peter Williams, Peugeot's Parts & Service Commercial Director comments:
"Demand for satellite navigation has increased significantly over the last 12
months. We believe Smartnav's unique features and high quality traffic content
differentiates it from the competition and provides a comprehensive and
affordable solution for our customers."
David Martell, Chief Executive, Trafficmaster Plc adds:
"This deal with Peugeot represents a significant development for Smartnav and
demonstrates there is a growing demand from motorists for in-car navigation and
driver information services - we look forward to a long and successful business
relationship."
-ends-
For further information please contact:
Trafficmaster
David Martell, Chief Executive Tel: 01234 759 300
Nigel Bond, Finance Director
Financial Dynamics
Ben Atwell Tel: 020 7831 3113
NOTES TO EDITORS:
Smartnav represents a major advance in satellite navigation, combining mobile
telephony technology developed by Trafficmaster and Motorola, personal assistant
support and traffic information taken from Trafficmaster's established network
of sensors and cameras that cover over 8,000 miles of the UK's main roads.
*Smartnav has recently launched Safe Speed, an optional subscription service
that alerts drivers when they approach zones monitored by fixed, variable and
multi (also known as specs) safety cameras. This option has been designed to
protect driving licenses and encourage safer driving.
ABOUT TRAFFICMASTER:
Trafficmaster Plc is a leading journey management company providing high quality
satellite navigation, traffic data and vehicle tracking.
Trafficmaster specialises in the provision of high quality, live, dynamic
navigation and traffic information. The company has developed a state-of-the-art
network of nationwide sensors and transmitters that gather and distribute
traffic data over 8,000 miles of motorway and trunk routes.
Designed, developed and patented by Trafficmaster, the system disseminates the
gathered data at the company's headquarters at Cranfield in Bedfordshire, and it
is delivered on to the customer through a number of screen or speech-based
receivers. These include Smartnav, Trafficmaster Monitor, YQ(2), Oracle and
Freeway units, mounted in the vehicle. Traffic information from Trafficmaster
can also be obtained by phoning the 1740 service, which is run in partnership
with the RAC and the UK's main mobile phone operators. You can also log onto
www.trafficmaster.net, which provides live traffic information on the PC at home
or in the office.
This information is provided by RNS
The company news service from the London Stock Exchange
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