LONDON, 22nd December, 2004 - Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (other OTC, TGTL), today confirmed the company will be exhibiting the multi-entertainment device at the forthcoming Consumer Electronics Show (CES) in Las Vegas, Nevada, as well as being featured on the Microsoft and Nvidia stands. The event running from Jan. 6-9, 2005, will introduce the feature-packed Gizmondo to the U.S. market, ahead of the soon-to-be-announced, late-Q1 2005 launch date.
The annual show attracts over 140,000 technology hungry visitors each year, all eager to sample new products, pick up the latest gadgetry, and listen to keynote speakers divulge their thoughts regarding the year ahead.
Gizmondo will be featured on the Microsoft Corp. stand (# 7145, Central Hall) profiling the strengths of the Windows CE technology and onboard Windows Media Player. It will also be demonstrating the capabilities of the new GoForce 4500 3D graphics accelerator on the Nvidia stand (#35311), which lies at the gaming heart of the device.
"Our goal with Windows Embedded is to arm device-makers like Gizmondo with the components they need to quickly and easily deliver compelling devices to their customers," said Scott Horn, senior director, Mobile and Embedded Devices Division at Microsoft Corp. "Gizmondo's cutting-edge mobile entertainment device is a great example of the kind of innovation possible on Windows CE."
Gizmondo will also be wowing crowds at its own stand (#70037, Central Plaza), where demonstrators will be on hand to guide show-goers through the GPS, SMS/MMS and email communication features, gaming and entertainment functions.
Carl Freer, managing director of Gizmondo, says: "This year's CES marks the start of our launch campaign for Gizmondo in North America, and to be featured on the show floor with Microsoft and Nvidia is a great boost for our presence. We have high expectations for the U.S. market, and this will be our first opportunity to put finished devices in the hands of consumers."
The 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 MMC card accessories.
The Gizmondo device and its games are currently launching in the U.K. during the fourth quarter 2004, and in North American and Continental Europe markets during the first quarter 2005.
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.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
For further information please contact:
For and on behalf of Tiger Telematics, Inc. and Gizmondo Europe Ltd.
+44 208 964 4545
Michael Carrender, CEO
Tiger Telematics, Inc.
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; and those risks discussed in the Company's filings with the SEC.