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This means TomTom probe data will not be shared with Inrix. It may also mean that they won't share the 740 probe data with other TT traffic users making better traffic data a reason to upgrade.
TomTom Signs Deal with TrafficCast for Data for Wireless Navigation Device - WSJ.com
By SARA SILVER
Navigation systems provider TomTom NV has signed a deal with TrafficCast International Inc. to provide real-time information about traffic, weather patterns and the cheapest nearby gasoline to TomTom's first wireless navigation device.
TomTom, which is based in Amsterdam and already offers wireless devices in the European market, is seeking to expand its U.S. presence with the Go 740 Live device, its first traffic device connected to U.S. wireless networks. Because it has a two-way wireless connection, the device will also send anonymous information about the subscriber's location and speed to supplement other sources of road and weather information.
The move comes as navigation companies work to stave off the threat of other mapping and traffic services often offered free on smartphones, which have eroded sales of a variety of digital devices. Global sales of personal navigation devices are expected to stagnate this year at 41 million units, according to the market research firm iSuppli, with the economic downturn hitting hard at auto sales and overall consumer spending. TomTom is No. 2 in the U.S., by sales, after Garmin International Inc.
TrafficCast, a closely held company based in Madison, Wis., offers real-time traffic information in 102 U.S. markets and plans to add Canadian data to its system in the coming months. The company uses accident reports, weather conditions, road sensors and the global positioning system for its reports and will update its database based on information from the TomTom device.
"The missing link has been the ability to look at what's happening now that's inconsistent with historical behavior patterns on the roads," said Tom Murray, vice president of market development at TomTom.
The Go 740 Live device lets motorists hear about traffic delays as well as see them on the screen, and suggests alternate routes based on historical conditions. It can also direct drivers to the lowest fuel prices along or near their route. Set to debut this month, the device has a retail price of about $400 and comes with three months of the service. A monthly subscription thereafter costs about $10 per month.
Details of the agreement were not made public, but TrafficCast Chief Executive Neal Campbell said his company will be compensated for each device sold, rather than have a share of the monthly subscription fee.
TomTom Signs Deal with TrafficCast for Data for Wireless Navigation Device - WSJ.com
By SARA SILVER
Navigation systems provider TomTom NV has signed a deal with TrafficCast International Inc. to provide real-time information about traffic, weather patterns and the cheapest nearby gasoline to TomTom's first wireless navigation device.
TomTom, which is based in Amsterdam and already offers wireless devices in the European market, is seeking to expand its U.S. presence with the Go 740 Live device, its first traffic device connected to U.S. wireless networks. Because it has a two-way wireless connection, the device will also send anonymous information about the subscriber's location and speed to supplement other sources of road and weather information.
The move comes as navigation companies work to stave off the threat of other mapping and traffic services often offered free on smartphones, which have eroded sales of a variety of digital devices. Global sales of personal navigation devices are expected to stagnate this year at 41 million units, according to the market research firm iSuppli, with the economic downturn hitting hard at auto sales and overall consumer spending. TomTom is No. 2 in the U.S., by sales, after Garmin International Inc.
TrafficCast, a closely held company based in Madison, Wis., offers real-time traffic information in 102 U.S. markets and plans to add Canadian data to its system in the coming months. The company uses accident reports, weather conditions, road sensors and the global positioning system for its reports and will update its database based on information from the TomTom device.
"The missing link has been the ability to look at what's happening now that's inconsistent with historical behavior patterns on the roads," said Tom Murray, vice president of market development at TomTom.
The Go 740 Live device lets motorists hear about traffic delays as well as see them on the screen, and suggests alternate routes based on historical conditions. It can also direct drivers to the lowest fuel prices along or near their route. Set to debut this month, the device has a retail price of about $400 and comes with three months of the service. A monthly subscription thereafter costs about $10 per month.
Details of the agreement were not made public, but TrafficCast Chief Executive Neal Campbell said his company will be compensated for each device sold, rather than have a share of the monthly subscription fee.