Statement re Smartnav
04 7월 2003 - 4:01PM
UK Regulatory
RNS Number:1658N
Trafficmaster PLC
04 July 2003
4 July 2003
TRAFFICMASTER'S SMARTNAV SELECTED BY CHRYSLER & JEEP
AS AN APPROVED SATELLITE NAVIGATION OPTION
Trafficmaster plc announces that Chrysler & Jeep, part of DaimlerChrysler, will
be offering Smartnav, Trafficmaster's dynamic navigation system, as an approved
accessory in the UK on its Voyager, Grand Voyager, Cherokee, Grand Cherokee and
PT Cruiser models.
With effect from 4 July 2003, Chrysler & Jeep customers will be able to benefit
from Smartnav, possibly the world's most advanced satellite navigation system
that incorporates Trafficmaster's unique live, incident, historic and predictive
traffic data to calculate routes and guide drivers around traffic delays.
Chrysler & Jeep is one of the leading players in the fast growing 4x4 and sports
utility vehicle (SUV) market and has increased sales by 16% in the first quarter
of 2003. Chrysler & Jeep anticipates that Smartnav will be an important
accessory to support the continuing growth in new car sales.
The deal with Chrysler & Jeep follows the announcement of 19 May that Peugeot is
making Smartnav available through its network of dealerships in the UK.
Smartnav is also being marketed by Hyundai in the UK, and other such
manufacturer accessory deals are expected to be announced during the course of
the year.
Mark Hallam, Parts and Service Marketing Executive at Chrysler & Jeep comments:
"Chrysler & Jeep customers demand luxury, performance and innovation that is
cost effective and practical. Smartnav fits this bill exactly and we are
delighted to incorporate this new service into our product portfolio."
David Martell, Chief Executive, Trafficmaster Plc adds:
"This deal demonstrates a growing confidence from motor manufacturers that
Smartnav is becoming a key factor in attracting new customers and enhancing the
motoring experience. We believe that Chrysler & Jeep is one of the most
significant channels opened so far and that Smartnav is ideally suited for the
4x4 and SUV market."
-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
This information is provided by RNS
The company news service from the London Stock Exchange
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