Re Contract

RNS Number:7600U
QuikTrak Networks PLC
29 January 2004



29 January 2004



              QUIKTRAK SECURES MAJOR ORDER FROM ADDISON LEE

QuikTrak Networks plc (Ticker "QTR"), the secure tracking and data messaging
network operator, announces a private placement on the 28th January whereby the
Company raised #1.5 M through placing 12.5 million new ordinary 1p shares at 12p
per share.  The total number of shares in issue is now 59,639,727.  Of this
amount, #198,000 was subscribed by the Directors of the Company.

In addition, QuikTrak announces that Addison Lee, London's largest courier
service, has placed a significant order for 800 tracking units.

Specifically, the order is for the QT6050, a covert, secure and reliable
tracking device for use in cars and vans.  The QuikTrak technology will be used
to locate and track Addison Lee vehicles. Using the QuikTrak network, the
company will be able to constantly pinpoint the location of its vehicles and
allocate jobs more efficiently.



Chris Kyriakou, CEO of QuikTrak commented:

"Following successful trials of our technology by Addison Lee, I am very pleased
to announce this order, which has been agreed for an initial period of five
years.  This is the beginning of a partnership which will enable us to grow our
respective businesses together, both technically and commercially.  The
technology will allow Addison Lee to track all vehicles simultaneously, and, as
part of the long-term commitment, all future Addison Lee vehicles will be fitted
with the QuikTrak system."


John Griffin, Chairman of Addison Lee added:

"Addison Lee is the market leader in moving people and parcels in London. We are
delighted to be the first company in our sector in the UK formally to adopt
QuikTrak, using their dedicated spread-spectrum radio network to locate and
handle communications.  This enables us to keep track of our vehicles at all
times and retrace data.  To date, any other tracking solution we have assessed
has proved just too expensive, without the performance.  We have been able to
implement QuikTrak at a fraction of the cost."

                                    - ends -

For further information:


Chris Kyriakou/Annie Richards
QuikTrak Networks plc
0870 010 6044


James Chandler
Beattie Financial
020 7398 3308


Notes To Editors


QuikTrak

QuikTrak is a telecommunications business that specialises in secure, reliable
and low-cost location, real-time tracking and mobile data communications.  The
Company provides solutions for locating and tracking vehicles, people and mobile
assets through a terrestrial positioning network based on patented technology.

QuikTrak is able to locate objects or people that may be hidden from view;
unlike GPS-GSM systems it is almost impossible to jam and does not require '
line-of-sight'.  This difference not only makes QuikTrak more effective and more
secure than existing tracking technologies but the system provides a lower cost
alternative to other tracking solutions available in the market.


QuikTrak Technology Applications

The potential applications for the technology are diverse, but currently
QuikTrak is focussing on a number of key areas including:

*   Lone Worker Protection - tracking of individuals who work alone such
    as emergency services workers.  The QuikTrak technology is to be trialled by 
    a number of UK police forces, local councils, service organisations and 
    Primary Health Care Trusts.

*   Commercial Fleet and Personnel Management - tracking of commercial
    vehicles such as courier or freight companies.  In this market the QuikTrak
    technology is currently being trialled by companies such as a leading
    London-based courier company and utility and services organisations.

*   Security Systems - such as asset security (for example cars, motorbikes, 
    plant and equipment) and alarm systems.  In this market QuikTrak is
    currently being trialled by a number of high profile companies.



QuikTrak Revenue Model

QuikTrak earns revenue from the sale of the tracking/messaging device.  Ongoing
revenue is then secured by charging a recurring annual connection fee and for '
airtime usage.'   The business model aims to partner with service providers in
specific sectors rather than seek to sell directly into the sector.






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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