SpatialNews Press Release
ComROAD steps up technology investment in the US market
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Unterschleissheim (Germany), 23 April 2001 - Due to the exceptional
development of the US market for telematic technology, ComROAD AG,
leading provider of telematic networks, will intensify its business
activities in the USA. Through important partnerships with, amongst
others, Casio, DaimlerChrysler, Infospace, Microsoft, NTT and Paccar,
InfoMove, Inc. (Seattle) has emerged as the leading provider of the
technology for telematics portals in the US market. ComROAD AG has
therefore raised its interest in InfoMove from 12% to more than 25%
in order to secure a strong position in the American telematics market
early on.
InfoMove is a provider of wireless portal solutions on the basis of the US mobile
radio standard CDPD and targets telecom network operators as well as providers
of PDAs (Personal Digital Assistants) and wireless content. By combining
ComROAD's GTTS (Global Transport Telematic System) technology with
InfoMove's portal technology, American customers, via the network standards
GSM, GPRS, CDPD, CDMA and TDMA, are offered telematic services in the
vehicle, via PDA and mobile phones. InfoMove is planning a turnover of $ 6.4
million for the business year 2001 - and $ 35 million for 2002.
According to a study of UBS Warburg, the US market, with an estimated volume
of $ 21.7 billion until 2010, will be the world's biggest market for telematic
technology - compared to Asia and Europe with $ 13.5 billion respectively. Until
2015, according to ITS America, the US market is expected to increase to $ 200
billion and thus take half of the world's accumulated market volume of $ 400
billion. Accordingly, ComROAD, over the next few years, is planning to put up the
US share of its annual turnover from currently 5% to 30 - 40 %.
Through its interests in further providers of telematic technology, including
ESEMDE (Boca Raton), Intelliworxx (Sarasota), Telcontar (San Jose) and t+t
netcom (Vienna), ComROAD has built up a network of 200 highly competent
telematics specialists. On the strength of this core competence, unrivalled on the
telematics market, and of its global marketing strategy, ComROAD continues on
its course of extending its worldwide network of currently 33 partners as
operators of a GTTS telematics portal and marketer of in-car computers. Via its
partners, ComROAD has already achieved a successful entrance into the market
in 30 countries worldwide.
For more information, please visit www.comroad.com and www.infomove.com
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