ITIS is emerging as a leader in the supply of satellite navigation data in the information technology industry. They have come up with a new system of gathering real time and historical data called Estimotion. Profits for next year are forecast at 1.6 million but this is without the roll out of this new technology. Cash 6 million. ITIS report they are in a period of high growth.

Estimotion is an Israeli company ITIS purchased for $5m and combines real time and historic data to guide drivers through their satellite navigation systems to their destination avoiding traffic jams and giving the quickest route. They are also able to supply data to other systems including hand held satellite navigation and have contracts with Alpine, Clarion, Kenwood,
Panasonic, Pioneer and Siemens.

There stolen vehicle tracker NavTrak is the best selling in Europe and is fitted to 100,000 vehicles world wide. It has many other functions and further details can be found on the NavTrak web site.

ITIS have 13 three year contracts with major car manufacturers to supply RDS_TMC and combine their data gathering with the AA.

Further announcements are on the way and they also hope to win international contracts with both RDS_TMC and Estimotion. They are in talks with four governments.

Recently they came first in a comparison test with other companies run by the Sunday Times and there have been several write ups in Shares Mag including mention of the global market ITIS is aimed at.

Mobile phone companies will be interested in this one.

Well worth further investigation with announcements on Estimotion and foreign RDS_TMC contracts soon.

In at 20p

broker 60p

demo....


http://www.estimotion.com/

Just bought in. Looking good for another run north. Perhaps we should change the hearder to 1.

The Luck one & Paulo2 - Welcome to ITIS! I had thought that I was on my own with this little gem but it's good to see others finally taking note. This is a cracking company in a growing market with an excellent product. Not even Trafficmaster's attempts to derail them last year worked and I feel the 1 header is not far from reality.