TORONTO, Sept. 2 /CNW Telbec/ - Grey Island Systems International, Inc.
(TSX VENTURE:GIS) is pleased to announce that the Board of the Toronto Transit
Commission (TTC) approved the recommendation for award of contracts for the
Next Vehicle Arrival System to Grey Island for its NextBus System. Total value
of the contracts is $9,920,000.
The TTC operates the third most heavily used transit system in the USA
and Canada serving over 450 million customers annually in the Greater Toronto
Area. The TTC provides this service to the City of Toronto with an extensive
network of subways, streetcar lines, bus routes, and a specialized service,
Wheel-Trans, for people with disabilities.
The purpose of the NextBus project is to develop and implement a system
to provide TTC riders with vehicle location, vehicle arrival time, and other
transit related information. The system will consist of a collection of
computer hardware, software, and GPS technology, used for capturing, managing,
analysing and displaying projected vehicle arrival times. The system will be
installed to work with existing Automated Vehicle Location (AVL) tracking
systems and communications infrastructure.
The system will use GPS Satellite technology with GPS receivers mounted
on vehicles in order to determine the precise location of the vehicle and the
intended stop. This data is communicated to a central information centre. The
centre uses a dedicated server with software that allows the calculation of an
estimated time of arrival for the vehicle. Vehicle arrival times will be
displayed on electronic signs at bus stops, streetcar stops and station
loading areas, to the internet and to wireless devices such as cell phones and
The NextBus project has been initiated by the TTC as a measure toward
improving customer service, TTC service visibility and increasing ridership.
This initiative will provide TTC riders with real-time, reliable and relevant
Brian Boychuk, Executive Vice President for Grey Island said,
"NextBus (.com) is dedicated to the public transit industry and its riders.
Its mission is to enhance the experience of using public transit by providing
high value information to both passengers and managers of public transit. We
provide actual arrival times, not schedules. Bus and streetcar locations are
tracked via an automatic vehicle location system; NextBus processes the
information, calculates predicted arrival times and transmits arrival time
predictions to electronic displays at stops and stations, IVR (interactive
voice response) systems, PDA's, cell phones and to the Internet. Because
passengers can plan to arrive at the bus stop within moments of the bus'
actual arrival time, the time spent waiting at stops on day-to-day basis is
minimized. This is especially more valuable to riders in unfavourable
conditions such as inclement weather or waiting alone at night".
Owen Moore, President of Grey Island said "This implementation of
NextBus, in one of the most prestigious public transit agencies in North
America, further exemplifies Grey Island's leadership position in Government
based vehicle tracking, telematics and predictive arrival systems. Factors
such as increasing fuel prices and increased funding for public transit will
continue to drive demand for our products and services, which in turn improves
service, and increases ridership and revenues for public transit agencies".
Forward Looking Statements
This news release contains forward-looking information based on
management's best estimates and the current operating environment. These
forward-looking statements are related to, but not limited to, Grey Island's
operations, anticipated financial performance, business prospects and
strategies. Such forward-looking statements are subject to a number of known
and unknown risks, uncertainties and other factors, which could cause actual
results or events to differ materially from those expressed or implied by such
forward-looking statements. These risks and uncertainties include, among other
things, business risks, changes in market and competition, technological and
competitive developments and potential downturns in economic conditions
generally. Therefore, there can be no assurance that the expectations of the
management of Grey Island will prove to be correct.
About Grey Island
Grey Island, through its wholly owned subsidiaries, InterFleet Inc.,
Grey Island Systems Inc. and NextBus Inc., develops, markets and hosts
real-time internet based automated vehicle location systems, real-time
passenger information systems and vehicular telematic systems for public and
private fleets in the United States and Canada. For more information please
visit our websites at www.interfleet.com and www.nextbus.com.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
For further information:
For further information: Grey Island Systems Inc.: Owen Moore, (416)
348-9991, (416) 348-9993 (FAX), firstname.lastname@example.org; Renmark Financial
Communications Inc.: John Boidman, email@example.com; Maurice
Dagenais, firstname.lastname@example.org; (514) 939-3989, Fax: (514) 939-3717,