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Home arrow News arrow LBS Technology & Business arrow Columbus Signs Important Agreement with Location-Based Services Leader: Ituran     




Columbus Signs Important Agreement with Location-Based Services Leader: Ituran PDF Print E-mail
Written by Columbus Geographic Systems (GIS) Ltd.   
Friday, 11 January 2008

LAS VEGAS, Jan. 11 -- Columbus Geographic Systems (GIS) Ltd. ("Columbus") (Pink Sheets: CGSE) announced today the signing of an agreement with Ecom Global Electronic Commerce Ltd, a subsidiary of Ituran Location and Control Ltd (Ituran), a $250 million NASDAQ-traded company and leading provider of unique and comprehensive location, tracking and communication solutions for vehicles, cargo, valuables, and personnel.

Ituran currently markets a range of Personal Navigation Devices (PND), including personal, hand held navigation devices as well as in-vehicle systems. Ituran will incorporate Columbus' latest off-road navigation application, Ranger, in their PND. Ranger is cutting-edge navigation software providing location-based, Global Positioning System (GPS) mapping, navigation, and information solutions for the off-road environment. Ranger works on a range of devices including Car PC, PDA, and PND.

"Ituran is a leading player in location-based services and we are pleased that they have selected Ranger, to provide off-road navigation in their PND," said Columbus CEO Tsvika Freidman. "They looked at the market, and after extensive research reached the conclusion that Ranger is the leading application on the market today. Many navigation device vendors are looking for best-of-breed applications to incorporate in their PND, and Ranger currently offers the most advanced solution for off-road navigation. Following this agreement with Ituran, we look forward to working with other leading navigation device vendors in the near future."

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/.

About Ituran

Ituran provides location-based services, consisting predominantly of stolen vehicle recovery and tracking services, as well as wireless communications products used in connection with its location-based services and various other applications. Ituran offers mobile asset location, Stolen Vehicle Recovery, management & control services for vehicles, cargo and personal security. Ituran's subscriber base has been growing significantly since the Company's inception to over 418,000 subscribers distributed globally. Established in 1995, Ituran has approximately 900 employees worldwide, provides its location based services and has a market leading position in Israel, Brazil, Argentina and the United States. The Company's shares are traded on NASDAQ and TASE.

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.

Source: Columbus Geographic Systems

CONTACT: Columbus Geographic Systems (GIS) Ltd., +972 8 8601001,

 

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