Re Agreement

ITIS Holdings PLC 13 November 2000 Monday 13th November 2000 ITIS to supply Massey Ferguson with NavTrak Location Systems ITIS Holdings plc, the fully listed telematics business, today announces that it has reached an agreement with Massey Ferguson, a brand of the US AGCO Corporation, one of the world's largest manufacturers of farm equipment to supply NavTrak location devices to new and used farm vehicles throughout the UK. The NavTrak location device is an optional extra and operates with the use of GPS satellite technology and is capable of plotting a vehicle's movements 24 hours per day; ITIS will offer support if the vehicle is stolen via its NavTrak control centre. Massey Ferguson, one of the world's most widely sold tractor brands, is instigating this initiative in response to the growing number of farm vehicle thefts in the UK due to the growing demand in Eastern Europe. NavTrak will be offered to AGCO's 128 dealers across the UK as an aftermarket product for fitment to Massey Ferguson tractors, agricultural and commercial vehicles. Commenting on the announcement, Stuart Marks, Chief Executive of ITIS Holdings commented: 'We are delighted with this joint initiative, demonstrating a strategic alliance with the well known Massey Ferguson brand to develop and distribute ITIS's products and services. We are continuing to further penetrate new areas and applications utilising our expertise within the telematics market.' - Ends - Contact: Stuart Marks Chief Executive Officer ITIS Holdings plc Telephone: 0161 929 5788 Ginny Pulbrook/Charles Vivian Director Citigate Dewe Rogerson Telephone: 0207 282 2945
UK 100

Latest directors dealings