Indagon's new MTT 110 positioning device is based on Fastrax iTrax02/8, a programmable 12-channel GPS receiver with the lowest power consumption on the market. Fastrax Ltd. is a developer of industry-leading GPS modules for optimal utilization of the Global Navigation Satellite Systems (GNSS). Indagon MTT 110 will be commercially available by December 2002.

"Real customer needs are pushing forward practical location based services and telematics systems for the mobile world. The Indagon team understands the growing need as it has over 50 years experience with Nokia and more than 10 years experience in the positioning business, said Kim Kaisti, VP Business Development of Fastrax Ltd.

"With our iTrax02/8 Indagon is taking full advantage of the latest developments in positioning technology. The versatile programmability of iTrax02/8 enables Indagon to make no compromises in usability and customer criteria related performance," added Kaisti.

Indagon is a Nokia TETRA application partner and is committed to provide innovative and customer driven telematics systems for fleet management in business and public sector usage in almost any network environment, scalable for a rapidly increasing number of real-time users.

When simple location data is combined with status, activity and availability information the combination enables endless possibilities to create new services and service interactions in field of vehicle management.

"Fastrax's easily programmable GPS module enables us to add incomparable positioning features to the MTT 110, which is the first mobile telematics device on the market that utilizes assisted GPS in GPRS and TETRA networks. Our client-server location architecture translates into high accuracy and high availability in GPRS and TETRA networks for professional users", said Matti Lankinen, President of Indagon Ltd.

Fastrax iTrax02/8 features 8 Mbit Flash memory allowing versatile programmability with the iSuiteSDK (Software Development Kit). Application costs are reduced significantly when no external processor is needed and the iTrax02 is used as a microprocessor.

With fewer components, size and manufacturing costs of off-the-shelf product are also reduced. iTrax02/8 module provides reliable and accurate information of its position, velocity, direction and time, along with an embedded Flash memory to store the latest data, replacing the need for a separate back-up battery.

Fastrax's product family of iTrax02 Series GPS receiver modules offers key benefits in performance, size, power consumption and versatility. The iTrax02 Series modules are ideally suited for both industrial tracking systems and battery-operated consumer products like mobile phones, asset tracking devices, handheld computers and sports accessories.

Fastrax Ltd Fastrax develops industry-leading products for optimal utilization of GNSS location services (Global Navigation Satellite Systems). The most well known of these services is GPS (Global Positioning System).

Fastrax transforms GPS technologies into highly scalable solutions with open interfaces, combined with ultra low power consumption and miniature hardware design. With industry-leading performance, Fastrax GPS receivers navigate continuously even in extreme conditions. Receivers are ideally suited in both industrial location applications and high-volume consumer products such as cell phones and sports accessories.

Headquartered in Finland and founded in 1999, the company is privately owned and backed by leading venture capital investors CapMan, Eqvitec, Startupfactory and Innocap, with a strategic investment by Suunto Corporation, a subsidiary of Amer Group, a leading global supplier of sporting goods equipment.

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