Press release from Marketwire
Webtech Wireless Inc.: NextBus to Provide Real-Time Passenger Information to CyRide
Wednesday, May 30, 2012
Webtech Wireless Inc.: NextBus to Provide Real-Time Passenger Information to CyRide09:00 EDT Wednesday, May 30, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 30, 2012) -Webtech Wireless Inc. (TSX:WEW), a leading provider of vehicle fleet location-based services (LBS) and telematics technology, today announced that it has signed a three-year contract with CyRide of Ames, Iowa to implement a NextBus Real-Time Passenger Information System (RTPIS) for all of its 80 buses. CyRide will equip all buses on its 17 routes with Webtech Wireless Locators, and four 24-inch LED signs are being installed on campus where riders can view real-time bus information, (as well as important updates on routes, such as delays, rerouting, and other urgent alerts). The NextBus implementation also includes Apple® iPads enabling CyRide managers access to management-side NextBus information while on the road themselves, and with a view to the near future, CyRide is purchasing XML data feeds to provide the capability for building custom software applications (such as iPhone Apps).Funded jointly by the City of Ames and Iowa State University, CyRide provides a "fare-free" service that allows students to pay for ridership per semester. This system accounts for 40 percent of the bus system's operating budget. "Implementing a real-time predictive transit solution is the most requested technical upgrade from students, and as the project is funded in part by the student body, we're especially excited to give them what they're asking for," said Barbara Neal, Operations Supervisor for CyRide. The three-year contract is expected to help CyRide's fleet continue to service its expanding ridership (already growing at a rate of 30 percent per year)."We're very excited to be working with the CyRide on this important project, and applaud their vision to implement the NextBus bus transit solution, which is increasingly popular on university campuses. Faculty, staff, and IU students are now within easy reach of real-time transit information," said Scott Edmonds, President and CEO of Webtech Wireless.About Webtech Wireless®Webtech Wireless Inc. (TSX:WEW) is a provider of vehicle fleet location-based services (LBS) and telematics technology. It develops, manufactures and supports end-to-end wireless solutions that improve the productivity, profitability, environmental compliance and safety of vehicle fleets. Its comprehensive suite of products and services include: automatic vehicle location (AVL), mapping, vehicle diagnostics, CO2 reporting, navigation, messaging, and mobile resource management. The Company serves customers of all sizes in the transport, government, service, insurance and OEM markets in over forty-one countries, including Fortune 500 companies. Specialized products include: Quadrant® commercial fleet solutions, InterFleet® solutions for government, and NextBus® real-time passenger information services for transit fleets. For more information, please visit www.webtechwireless.com.This News Release may contain forward-looking statements involving risks and uncertainties pertaining to, but not limited to, product plans, timing, content, pricing of products, market and industry expectations, the wireless communications and mobile fleet industries, and general economic and political conditions. Given the risks and uncertainties inherent in the markets and industries referred to in this News Release, Webtech Wireless cannot guarantee that any forward-looking statements will be realized. All amounts in Canadian dollars (CAD$) unless otherwise noted. Trademarks are the property of their owners.FOR FURTHER INFORMATION PLEASE CONTACT: Andrew MordenWebtech Wireless Inc. - Investor RelationsChief Financial Officer+1 email@example.comORDavid GreerWebtech Wireless Inc. - Press and MediaVice President Marketing+1 firstname.lastname@example.orgThe Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.