LONDON -- Britain's Trafficmaster Plc expects its half-year results to be well ahead of last year, driven by demand for its satellite navigation aid, the journey planning firm said on Thursday.
Trafficmaster, which expects an increase in both revenue and profit, said it had sold 11,000 Smartnav satellite navigation units in the six months to end-June, ahead of the 9,414 units sold in the whole of 2003.
Smartnav, which tells drivers how to get to their destination and how to avoid traffic jams along the way, is offered as an approved accessory by 18 car makers including BMW, Ford, Rover and is a standard fit in the Mazda6 Zugara as well as certain models of Mitsubishi and Hyundai cars.
Trafficmaster's vehicle tracking business and its U.S. fleet tracking system had also performed well, the company said in a trading statement.
"We have had an excellent six months trading," Chief Executive David Martell said. "We are most encouraged by the rapid sales growth in our U.S. operation," he added.