JACKSONVILLE, Fla., Sept. 30 /PRNewswire-FirstCall/ -- Tiger Telematics
Inc. (P.K. TIGR) (www.tigertelematics.com), headquartered here and with
offices in the United Kingdom, said its wholly-owned subsidiary Gametrac
Europe Ltd, (www.gametrac.com), today announces the commencement of a joint
venture development contract with Cambridge, United Kingdom-based technology
group, Plextek, (www.plextek.com) as the design authority for the Gametrac
Advanced series of products.
(Photo: http://www.newscom.com/cgi-bin/prnh/20030930/LNTU012 )
Gametrac is being marketed as the very latest, "lifestyle" product for
children between the ages of 7-15. The flagship device is a unique
pocket-sized mobile console which brings together a compendium of highly
desirable content including: 3D Mophun(TM) Gaming, SMS texting (with
predictive text), MP3 music (with remote download), Video playback (MPEG4) and
an in-built digital Camera. The product is Bluetooth enabled (for multiplayer
gaming) and accessories such as MMC flash cards and Stereo headsets are
available. A new MMS content offering will be announced at launch.
For parents concerned about their children's whereabouts, an integral GPS
chip provides a state-of-the-art tracking facility using technology developed
by Qinetiq (a developer of equipment for the UK ministry of defence). A
Gametrac device can be tracked via a conventional mobile telephone, the
internet (securely), PDA and digital TV. Gametrac utilises the mobile GSM
telephone network and the product can potentially operate in more than 140
Mike Carrender, CEO of Tiger states:
"Plextek is a developer who has the ability and resource to complement our
sales and marketing strategy. Plextek already have a proven track record in
communications development and provide to Gametrac a hugely resourceful design
"Plextek is taking an equity stake in Tiger and the contract has a
percentage of sales revenue reverted back to Plextek for future developments."
Ian Murphy, Technical Director of Plextek states," We think the Gametrac
technology and products are very exciting and believe we can work closely with
Tiger to develop advanced versions with commercially attractive technology and
features." Our firms track record clearly indicates our ability to provide
Tiger with the new design features that they have envisioned."
Gametrac is a series of new handheld products about the size of a pager,
coming to the market in the U.K. that combines state of the art 3D Mophun(TM)
gaming and content, with GPS tracking. The product is aimed at the teenage
market with its lifestyle features and will provide parents with peace of mind
of knowing where their children are at all times.
Tiger is a designer, developer and marketer of mobile telematics systems
and services that combine global positioning and voice recognition technology
to locate and track vehicles and people down to street level in countries
thoughout the world. The systems are designed to operate on GSM and are
currently being marketed to GSM current and potential subscribers, primarily
by the company's United Kingdom based subsidiaries.
Plextek Ltd. is one of the largest independent electronics design
consultancies in Europe UK. Established in 1989 Plextek now employ over 100
Plextek design capabilities span the range from design and technology
studies through to complete product and system design making use of skills
which cover dsp, radio, hardware, software, optoelectronics, fpgas, asic and
rfic. we have developed optical telecom and datacom systems, gsm, gprs, dect,
3g pmr, bluetooth and data/telemetry systems, wireless local-loop system and
vehicle location systems. For example:
-- defence projects, often utilising the benefits of cots
-- product and system design on the tracker & lojack networks for stolen
-- formula one motor racing telemetry
-- utilities telemetry (radio remote meter reading for gas, water and
-- medical electronic devices
-- development of a full feature 2.5g smart phone including tri-band
gprs, bluetooth, mp3 player and camera system on a winCE platform.
Introduction to manufacture is regarded as a priority and projects
regularly include factory selection and design of functional test equipment.
plextek is fully equipped with the latest rf and optical test equipment,
analysers, software and microprocessor development tools, cad for pcb layout,
rf design, digital design and for integrated circuit design and has an open
field test site and environmental and emc test chambers.
Plextek also offers consultancy in strategic advice and studies.
Plextek's international client list ranges from individual entrepreneurs
to multinational companies including leading manufacturers, operators and
silicon vendors. For further information: www.plextek.com/defence.htm
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; and those risks discussed in the Company's filings with
SOURCE Tiger Telematics, Inc.