ComROAD Licenses InfoMove's Telematics Platform for Next Generation SolutionsKIRKLAND, Wash.--June 4, 2001--InfoMove, Inc., the leading developer of telematics software and services, announced today that ComROAD AG (Neuer Markt:RD4) will license InfoMove's telematics platform technology for integration with ComROAD's next generation Global Transport Telematic System (GTTS).
InfoMove's telematics platform solution enables companies to provide a turn-key suite of telematics services to their end-users - including real-time navigation, personalized traffic, vehicle tracking, vehicle maintenance and diagnostic monitoring, e-mail, and a host of Internet-based content and services.
"InfoMove's telematics platform will enable ComROAD to provide its customers with a comprehensive telematics solution that is flexible to the needs of each user," said Bodo Schnabel, ComROAD's chairman and CEO. "In cooperation, ComROAD and InfoMove are leading the development of next generation telematics solutions."
ComROAD is currently the largest investor in InfoMove. Bodo Schnabel, ComROAD's chairman and CEO was appointed to InfoMove's board of directors in January 2001.
InfoMove's technology and applications will be showcased at the ITS 2001 Meeting and Exposition (June 4-7, Miami Beach Convention Center, Miami, FL). Demonstrations of InfoMove's applications will be held in ComROAD's booth (#935).
About ComROAD AG
ComROAD Aktiengesellschaft, established in 1995, is the worldwide leader for the development and commercialization of telematic networks. Through the integration of globally available technologies such as GPS, GSM and web-based information systems, the company has created a worldwide network of telematics services, already being installed in 32 countries. This includes applications in the telematics sector, such as security monitoring, fleet management, off-board navigation and road assistance, as well as the provision of communication, information, and entertainment services for mobile use. Via its headquarters in Unterschlei(beta)heim near Munich and further sites in Sarasota, USA, and Hong Kong, China, ComROAD ensures 24/7 operation of telematics control centers in three major world time zones. For the business year 2001, the company, which is listed at the German Stock Exchange (Neuer Markt:RD4), expects a turnover of Euro 95 million.
InfoMove provides software and services that enable wireless carriers, automobile companies, and major hardware and software providers to safely deliver personalized information to end-users while in the vehicle.
InfoMove was founded in 1998 and is headquartered in Seattle. It has strategic relationships with content providers, automotive manufacturers, technology developers and device manufacturers such as ComROAD, Microsoft, NTT-X, Casio, Yazaki, ALLDATA, Audible.com, PACCAR, and Etak. For more information, visit the company's web site at www.infomove.com.