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Press Release: August 30, 2005
FOR IMMEDIATE RELEASE
Tiger Telematicsï¿½ Gizmondoï¿½ Maps Out New Functionality
LONDON, 30th August 2005 ? Gizmondo Europe Ltd subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (other OTC, TGTL) today confirmed a deal with leading developer of navigation and mapping solutions, ALK Technologies Ltd., for its satellite navigation application, Gizmondo Navigatorï¿½ 2006 powered by CoPilotï¿½, to be released on the Gizmondo multi-entertainment handheld.
The Gizmondo with its inbuilt soft-signal GPS hardware developed by SiRF® is already known for its comprehensive and unique range of functionality, including next-generation handheld gaming, MP3 and MPEG4 playback, messaging, and digital camera, has extended its repertoire to incorporate this eagerly anticipated turn-by-turn navigation application for use in car and on foot.
Gizmondo Navigator 2006, supplied by region on SD (Secure Digital) card, provides the user with powerful trip calculation and extremely detailed street maps, allowing satellite navigation to a specific house number, full UK post code, street or one of thousands of points of interest in fantastic 3D or 2D, complete with turn-by-turn voice instructions.
The award-winning CoPilot software, customised specifically for Gizmondo, will also plan routes in advance, calculate the best new route if a turn is missed, and divert around hold ups at the touch of a button. Customers can use the product in-car or to find their way on-foot. Throughout its 25-year history, ALK has been a leader in advancing the state of the art in transportation technology. In Europe, the system incorporates the highest-quality, premium street-level map data and extensive points of interest database from NAVTEQ, as used by the majority of automotive OEMs in their in-dash systems.
Gizmondo Navigator 2006 will be available for Gizmondo for the UK priced at ï¿½99 and the whole of Europe for ï¿½199 from 30th September. An in-car cradle and car charger will be available for use with the new software priced at ï¿½29.99.
Gizmondo Navigator 2006 will also be bundled with the Smart Adds-enabled Gizmondo in a special Satellite Navigation pack for ï¿½199, available from selected retailers.
Michael Kornhauser, Managing Director, ALK Technologies Ltd, says: ï¿½ALKï¿½s navigation and routing technology has been developed, enhanced, and refined over the past 25 years, and our CoPilot software is recognised worldwide as one of the most advanced and user-friendly satellite navigation packages available. Coupling our software expertise with this exciting piece of entertainment technology provides the end user with the best of both worlds; an advanced satellite navigation application, and entertainment wherever the road takes you.ï¿½
Carl Freer, co-founder and Chairman, Tiger Telematics, says: ï¿½The inclusion of ALKï¿½s satellite navigation software to Gizmondoï¿½s already bulging entertainment-based functionality, accentuates the practical side of this powerful and versatile piece of mobile technology. Compelling price-points and attractive bundling options will also allow us to develop new retailer initiatives whilst making this extremely desirable application accessible to much wider demographic.ï¿½
Gizmondo is powered by Microsoft Windows CE advanced real-time operating system, boasting a 2.8-inch TFT colour screen with a Samsung ARM9 400Mhz processor and incorporates the GoForce 3D 4500 NVIDIA graphics accelerator. It provides cutting-edge gaming, multimedia messaging, an MP3 music player, Mpeg4 movie playing capability, a digital camera and a GPRS network link to allow wide-area network gaming. Additionally, it contains a GPS chip for location-based services, is equipped with Bluetooth for use in multi-player gaming and accepts SD ad MMC card accessories.
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Tiger Telematics is a designer, developer and marketer of mobile telematics systems and services that combine global GPS functions and voice recognition technology to locate and track vehicles and people down to street level in countries throughout the world. The systems are designed to operate on GPS and are currently being marketed to GSM current and potential subscribers, primarily by the companyï¿½s United Kingdom based subsidiaries.
ALKï¿½s award-winning CoPilot® GPS Navigation solutions transform mobile devices into powerful satellite navigation systems, and can provide integrated real-time location-tracking and messaging via the Mobile Network.
ALK has close partnerships with leading mobile operators, device manufacturers, automotive manufacturers, systems integrators and technology leaders. Partners include Gizmondo, T-Mobile UK, Motorola, Microsoft, BMW Group, Ford, SEAT, Scania, Mio Technology NAVTEQ and TBS. ALK is the official navigation sponsor to the Gumball Rally, and received Microsoft Partner of the Year 2005 award for Mobility Solutions Sales and Marketing.
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Tiger Telematics, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Tiger Telematics Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favourable terms; the schedule and sell-through for new software release; consumer demand for video game hardware and software; the timing of the introduction of new generation competitive hardware systems, pricing changes by key vendors for hardware and software and the timing of any such changes, and the adequacy of supplies of new software product and those risks discussed in the Company's filings with the SEC.
In light of the risks and uncertainties inherent in the forward-looking statements, these statements should not be regarded as a representation by Tiger Telematics, Inc. or any other person that the projected results, objectives or plans will be achieved. Tiger Telematics, Inc. undertakes no obligation to revise or update the forward-looking statements to reflect events or circumstances after the date hereof
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