Assignment of Telematics Contracts

 

TIDMCYH 
 
 
CybIT Holdings PLC 
11 September 2009 
 
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Date: 11 September 2009 
On behalf of: Cybit Holdings plc ('Cybit', 'the Company', or 'the Group') 
Embargoed until:           0700hrs 
 
 
 
 
Cybit Holdings plc 
Assignment of Telematics Contracts 
 
 
Cybit Holdings Plc (AIM: CYH), a leading international provider of telematics 
based products and services for the management and control of land and sea based 
assets, is pleased to announce that its subsidiary Cybit Ltd has been assigned 
contracts to provide telematics services to customers of Integra Telematics, a 
subsidiary of GDS Mobile Communications Limited (GDS). 
 
 
GDS, the mobile communications specialist based in Glasgow, is moving away from 
developing telematics based products and services in order to focus on its core 
business of providing mobile radio communications. In doing so, GDS has chosen 
to assign Integra's telematics contracts to Cybit owing to the scope of Cybit's 
solutions, stability as a service provider and the high standard of service 
provided to its customers. 
 
 
Integra's customer base includes a significant number of infrastructure 
providers in the local government and construction sectors as well as five large 
Scottish councils. The addition of these contracts will consolidate Cybit's 
position as one of the leading providers of telematics solutions to Scottish 
based customers. As part of the deal, GDS will become a reseller and installer 
of Cybit solutions. 
 
 
 
 
Richard Horsman, Chief Executive Officer of Cybit Holdings Plc, said: 
"GDS's decision assigning these telematics contracts to Cybit is a clear 
indication that the Company is seen as the logical choice for any business 
looking to refocus core activities. 
 
 
"These contracts give us access to a valuable client base and will strengthen 
Cybit's position in Scotland, building the Company's local profile and market 
share. This further demonstrates our ability to identify opportunities quickly 
whilst continuing to provide our customers with a high standard of service." 
 
 
George Kolasinski (GK), Managing Director of Integra Telematics Limited, 
commented: 
"The current challenging market conditions have meant that we decided to put our 
focus back onto the wider mobile communications market, and sought to offer our 
clients a safe choice for their continued telematics services. 
 
 
"We identified Cybit as the leading player in the market and therefore are 
satisfied that it is the safe alternative for our customers. We are pleased that 
our customers are going to receive the benefits of working with a world class 
company such as Cybit and know that the service provided will be second 
to none." 
 
 
- Ends - 
 
 
  Enquiries: 
 
 
+-----------------------------------------------------+----------------------------+ 
| Cybit Holdings plc                                  | www.cybitholdings.com      | 
+-----------------------------------------------------+----------------------------+ 
| Richard Horsman, CEO / Kevin Lawrence, FD           | Tel: [phone]   | 
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|                                                     |                            | 
+-----------------------------------------------------+----------------------------+ 
| Redleaf Communications Ltd                          | [e-mail]        | 
+-----------------------------------------------------+----------------------------+ 
| Emma Kane / Rebecca Sanders-Hewett/ Anna Dunkin     | Tel: [phone]   | 
+-----------------------------------------------------+----------------------------+ 
|                                                     |                            | 
+-----------------------------------------------------+----------------------------+ 
| Cenkos Securities                                   |                            | 
+-----------------------------------------------------+----------------------------+ 
| Stephen Keys / Liz Bowman                           | Tel: [phone]   | 
|                                                     |                            | 
+-----------------------------------------------------+----------------------------+ 
 
 
 
 
Notes to Editors: 
 
 
  *  Cybit operates within three core sectors: Vehicle Telematics Solutions; Maritime 
  Solutions; and Private Mobile Radio (PMR) based tracking and precise positioning 
  solutions. Its products and services enable companies to monitor and position 
  mobile assets, manage service level agreements, enhance employee duty of care 
  and compliance with relevant legislation. 
 
 
 
  *  In the Vehicle Telematics sector, Cybit is one of Europe's leading Telematics 
  Service Providers (TSPs). Approximately 2,000 business-to-business clients use 
  its fleet and asset management solutions to manage more than 50,000 mobile 
  assets. Solutions include in-vehicle technologies, workflow management and 
  internet-based monitoring and reporting software. The Company also provides 
  consultancy services providing advice on legal issues such as duty of care and 
  working hours. 
 
 
 
  *  Cybit's Maritime Solutions business, BlueFinger, is recognised as one of the 
  world's leading suppliers of Fisheries Vessel Monitoring Systems. BlueFinger 
  provides fisheries authorities with the necessary tools for managing their 
  licensed fishing fleets and coordinating the activity of the fisheries patrol 
  vessels that enforce national fisheries policies throughout the Economic 
  Exclusion Zone (EEZ). BlueFinger's Saffire-Online system is a solution that 
  allows race organisers to track the position, direction and speed of vessels in 
  ocean going or inshore races. 
 
 
 
  *  Our PMR business, Cybit Positioning Solutions, provides asset-tracking and 
  security solutions for both maritime and land-based applications, including 
  exploration and mining. Our precise positioning solutions assist in the tracking 
  of vessels and other equipment engaged in the exploitation of oil, gas and 
  mineral reserves around the globe. 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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