Tiger Telematics, Inc. Announces a Product Launch in France and the TT100 Advanced PMR/GSM Security System
FORT LAUDERDALE, Fla.--Aug. 30, 2002--Tiger Telematics, Inc. (OTCBB:TIGR). Tiger Telematics, Ltd. announces the first delivery of their new specialist professional two-way radio products into Accra, Ghana. The newly launched TT100 integrates selective calling PMR with digital cellular GSM. The units, which provide secure, semi-duplex voice transfer, are designed to communicate with the functions contained within the Tiger TT1015 advanced tracking system. This will enable the Ghanaian police force to pinpoint the location of police officers in the field and enable a rapid response to emergency situations.The initial delivery of 200 Units invoicing for approximately $37,500, will be in fitted in new police vehicles in Accra. Tiger's goal in this initial test installation is to develop this product as the de-facto standard for police forces throughout this region. Mr. Solomon Essah-Essel, a representative of SEMAKOF (ACCRA), the distributor and installer of the product, states that, "The Tiger system provides us with the most comprehensive solution for the security forces; not only can we immediately locate officers on duty but we can also identify, 'man down' situations."
Tiger Telematics has also commenced an initial pilot deployment of the advanced tracking system into France. The units will be used for trailing with SFR (a French GSM wireless network provider) and the French Ministry of Interior. Utilizing the ubiquitous GSM network and PMR technology, the units fully meet the mandatory requirements of Security forces throughout France. MRSA, a major radio and technology distributor based in Paris, will work with Tiger throughout the trial period.
Steve Carroll, Executive Director of Product Development for Tiger states, "This is a tremendous opportunity for Tiger Telematics to make in-roads into France and to launch a new product that reflects our commitment to design excellence."
About Tiger: Tiger Telematics, Inc., provides telematics products and services in Europe, Africa and through a subsidiary in North America. Tiger's mission is to bridge the gap that exists between the telecommunications, computing and automotive industries by delivering a comprehensive telematics solution to the consumer, business and fleet markets. Tiger provides mobile telematics services that add value to subscribers by helping them safely connect to the wireless world.
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Tiger Telematics, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Tiger Telematics, Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms; and those risks discussed in the Company's filings with the SEC.