Tiger Telematics

October 18, 2005 09:45 ET

Tiger Telematics' Gizmondo™ Confirms Amazing Value Satellite Navigation Packages; US Launch Strengthened Further by Award-Winning CoPilot® Software and sub-$400 Sat Nav Bundle

LOS ANGELES--(CCNMatthews - Oct 18, 2005) -

Gizmondo USA Inc. subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (other OTC, TGTL) today announced details relating to the incredible satellite navigation options and pricing for the Gizmondo handheld multi-entertainment device launching in North America on 22nd October 2005 for $229 (SRP).

The six entertainment-based core functions of the Gizmondo make it the most powerful and compelling GPS navigation aid available. In addition to the arsenal of features that include next- gen games, DVD-quality movies, awesome MP3 playback, a razor-sharp digital camera, picture and text messaging, email and location-based services, the Gizmondo is also an accomplished piece of GPS hardware.

Not only can the user enjoy the maximum entertainment on the move, with the additional of Gizmondo Navigator™ 2006 the Gizmondo becomes a fully fledged and portable satellite navigation handheld.

Developed with ALK Technologies, a leading developer of navigation and mapping solutions, the Gizmondo Navigator 2006 will be available separately in four individual regions (East Coast, Mid-West, West Coast, and South West) for $169 (SRP), as well as entire USA option for $249 (SRP).

A complete system bundle is also available for an amazing $399 (SRP), including software and a Smart ADDs-enabled Gizmondo. Accessories also available include a deluxe in-car option of a powered cradle, which will also enable the user to mount the Gizmondo on the dashboard or windshield.

Gizmondo Navigator 2006 powered by CoPilot is 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, Zip 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, customized 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.

Michael Kornhauser, Managing Director, ALK Technologies Ltd, says: "ALK's 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."

Carl Freer, co-founder and Chairman, Tiger Telematics, says: "We're being extremely aggressive in our pricing of the Satellite Navigation functionality because we know it's going to be one of the most desirable technology applications this Christmas selling period." He added, "When factor in all of what this tiny device will do, it's no wonder it's quoted as being the most powerful handheld available."

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 and MMC card accessories.

About Tiger Telematics and Gizmondo

Gizmondo Europe Ltd. is an owned subsidiary of Tiger Telematics Inc (TGTL) and is the maker of Gizmondo, a next-generation mobile entertainment device. Launched in 2004, the gaming device includes built-in music, video, messaging and picture functions and GPS.

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 company's United Kingdom based subsidiaries.

www.gizmondo.com

www.tigertelematics.com

'Gizmondo', 'Smart Adds', 'Gizmondo Games', and the 'Gizmondo' logos and devices are trademarks of Gizmondo Europe Limited. All rights reserved. All third party trademarks and/or copyright material are the property of their respective owners.

About ALK Technologies Ltd

ALK Technologies delivers advanced European route planning and guidance systems through its award-winning GPS Navigation product family, CoPilot® Live. The European Division of ALK Technologies Inc. based in Princeton, New Jersey, the company benefits from over 25 years of transportation technology leadership.

ALK's 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.

www.alk.eu.com

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.

Contact Information

  • Global Media:
    Indigo Pearl
    James Beaven, +44 208 964 4545
    or
    US Media:
    Kohnke Communications
    Bryan Lam, (415) 777-4000