CTX Virtual Technologies, Inc. and Beijing Broadcast Co. Begin Joint Venture Discussions for Development and Marketing of Telematics Products

By Calvin Azuri September 28, 2011

CTX Virtual Technologies, Inc. (CTXV), virtual telecommunications Technology Company, announced that joint venture discussions between its subsidiary Kaibida International Limited and Beijing Broadcast Co. have begun. The joint venture between both companies will enable the development and marketing of telematics products for customers of Beijing Broadcast. Telematics has been designed as a multi-smart platform comprising of interactive information/technology which can be easily downloaded on to the location device in a vehicle supported by background service. The telematics system integrates GPS (Global Positioning System) and GSM (Global System for Mobile) technology into a navigational system which can help track down stolen or lost vehicles.

In a release, Clifford M. Rhee, CEO, said, "This is a significant opportunity for the company to enhance our automotive related projection technology with a major broadcaster who carries a significant number of subscribers."

Kaibida and Beijing Traffic Broadcast (BTB) are both keen on the setting up of the joint venture which will enable the Telematics system to deliver users with interactive information which can be accessed online via traffic broadcast capability of BTB. The service is scaling up to match the increase in vehicular traffic in China. At present Beijing Broadcast Co. reaches out to 85 percent of the audience in Beijing which has more than 6 million vehicles.

Telematica Service will provide driving assistant in the form of a unique logo or virtual secretary which will be displayed on the windshield to help remind the driver about relevant information at all times. Users will be provided with interactive information online via 3G mobile technology. The service will include a 3D Navigation feature which will inform the driver about on-going road situations via a DAB (Digital Audio Broadcast) system. Once the vehicle touches 60km per hour, the 3D navigation display will change to a virtual road map automatically.

The Background Service of BTB currently includes more than 100,000 driver members. These members will be provided with remote assistance during any emergency or problem via the DAB and 3G communication systems.

Leveraging the system, member drivers will be provided mobile Internet connection service via the 3G communication system at competitive prices set up in collaboration with a contracted mobile signal carrier. Drivers will have the option of deploying a night vision safety feature which displays and identifies objects on the road through night vision sensors. Another unique feature which will be enabled in the system is the Drivers club on-line service which sets up real-time communication between multiple drivers via the 3G communication system. This service again will be provided at competitive prices through a special mobile signal carrier. Additionally, a Telematic device providing GPS, HUD and DAB functionalities will be incorporated with a Smartphone through Bluetooth connection.

Calvin Azuri is a contributing editor for IoTevolutionworld. To read more of Calvin’s articles, please visit his columnist page.

Edited by Rich Steeves

IoTevolutionworld Contributor

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