FREMONT, CA. @Road (NASDAQ: ARDI), a leading provider of mobile resource management (MRM) services, and LandSonar, Inc., a San Francisco-based predictive traffic analytics and services company, today announced that they have entered into multi-year intellectual property cross-licensing agreements. Under the terms of the agreements, @Road will license @Road patent number 6,594,576, titled “Using Location Data to Determine Traffic Information” to LandSonar.
Additionally, LandSonar will license LandSonar technology, and LandSonar licensed technology to @Road for the purposes of integrating it with @Road technology in order to offer and deliver combined services and products to the end users and customers of @Road. @Road has eleven patents, with an additional 34 pending in jurisdictions world wide. This is the first patent @Road has licensed.
“@Road is happy to partner with LandSonar toward the development of transportation solutions that promote public safety and improve the utilization of our natural resources and public infrastructure,” said Tom Allen, executive vice president and COO of @Road. “LandSonar is a truly innovative and steadfast partner. We believe that this license agreement will create innovative value-added services for our mobile resource management customers.”
LandSonar is a Predictive Vector Analytics platform that uses dynamic data sources to deliver predictive decision support data to commercial transportation fleets, their insurance companies and their customers. For more information on LandSonar, please visit www.landsonar.com.
@Road (NASDAQ: ARDI) is a leading provider of mobile resource management (MRM) services, a rapidly growing category of productivity solutions integrating wireless communications, location technologies, hosted software applications, transaction processing and the Internet to help companies better manage mobile workers. Any size organization, in any industry or public sector, in which improving the productivity of mobile workers has an impact on revenue, expenses, customer service and competitive advantage, will benefit from @Road MRM services. Because @Road offers MRM services on a hosted basis, customers avoid expensive and complex software and IT infrastructure investments. Since @Road delivers services on a subscription basis, customers can experience a rapid and measurable return-on-investment.
@Road delivers its MRM services to approximately 130,000 mobile workers in North America every day. The company has headquarters in Fremont, CA, and secure networked data centers on both U.S. coasts. For more information, visit the @Road web site at www.road.com.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the ability of @Road to develop, market and sell the integrated services discussed herein, the dependence of @Road on mobile data systems technology, wireless networks, network infrastructure and positioning systems owned and controlled by others, and general economic and political conditions. Further information regarding these and other risks is included in the @Road Report on Form 10-Q dated August 9, 2004, Report on Form 10-K dated March 12, 2004 and in its other filings with the Securities and Exchange Commission. @Road undertakes no obligation to update the forward-looking statements contained in this press release.
@Road is a registered trademark of @Road, Inc.
September 21st, 2004