Columbus Delivers Product Demo to IVECO, Commercial Vehicle Industry Leader
LAS VEGAS, Jan. 18, 2008 -- Columbus Geographic Systems (GIS) Ltd. ("Columbus") (Pink Sheets: CGSE) announced today that they have delivered a product demo to IVECO, the Italian-based global manufacturer of commercial vehicles. IVECO is interested in testing Columbus' off-road navigation solution.
This is part of the Columbus' strategy to integrate their off-road navigation solution in the in-car PC system included in each new vehicle.
IVECO makes a broad range of light, medium and heavy commercial vehicles, buses, and off-road trucks, as well as special vehicles for applications such as fire fighting, and off-road missions. Many of these vehicles operate primarily in the off-road environment, and Columbus' advanced system, Ranger, provides drivers with an effective tool to use GPS navigation.
"IVECO has expressed interest in testing Columbus' advanced system, Ranger, which provides a navigation solution to truck drivers operating in cross-country and off-road environments," commented Columbus CEO Tsvika Freidman. "They are currently reviewing a demo version and we look forward to working with them in the near future. We are very encouraged by this contact with IVECO, although there is no guarantee it will result in long-term sales. Our contacts with global vehicle manufacturers are an integral part of Columbus' marketing strategy and we will continue to build on these relationships to further strengthen our position in this very important market."
About Columbus Geographic Systems
Columbus Geographic Systems (GIS) Ltd. is a rising player in the field of geographic information systems (GIS) and navigation applications. The Company brings advanced software capabilities to a wide range of users and devices, previously only accessible to trained professionals on dedicated devices.
Main products: -- Highly-effective off road, outdoor GPS navigation tools, working on a full range of devices including Car PC, PDA, and Personal Navigation Devices (PND), with options for 3D imaging. -- Innovative, affordable GIS tools easily used in a range of applications, including businesses, agriculture, surveys, and government agencies. -- Aerial GIS applications for military and civilian aircraft operating in complex or threatening environments. For more information, please visit http://www.columbusgis.com/. Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward- looking statements that may involve risks and uncertainties.
There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward- looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.