Global Edition

GPSI announces $4.9m expansion of Leisurecorp contract

8.24am 30th June 2008 - Corporate

Leisurecorp LLC has extended its contract with GPS Industries for Jumeirah Golf Estates with an extra scope of work worth approximately $4.9 million. The contract with GPSI is to deliver four separate and distinct solutions including applications outside the golf industry.

A utilities management application, InFOREmeter, will monitor, record and bill residents for the amount of water used to irrigate their personal green spaces. The system will include individual wireless water meters at each residence.

An asset tracking solution, InFOREtrak — The Asset Tracking System, will include both vehicle-mounted and portable asset tags. These tags will use the GPS satellite tracking system to determine the location of homeowners‘ assets as they move around the community.

An amenities management system will offer solutions in two phases. The first phase will allow residents and guests to perform a series of online activities. The second stage will allow vendors or third parties a portal enabling them to present products online to Jumeirah Golf Estates residents and guests.

Finally, the eCommunity Management system will manage and control access to these applications. Development and delivery of these solutions is expected to occur over the next eight to 12 months.

Through the company’s major projects team, the expansion of the Jumeirah Golf Estates contract continues to diversify GPSI beyond the golf industry as a provider of Wi-Fi technology solutions.

David Chessler, the newly elected chief executive officer of GPSI, said, “This latest commitment from Leisurecorp shows that we‘re not just a GPS golf company anymore. The contract that Leisurecorp has awarded to us makes us a multi faceted company.

“These products launch us well beyond the golf industry and validates that we are on the leading edge as a technology company of the future. This variety of products will also enhance the value of what we will bring to our current and future golf course installations.

“Leisurecorp’s further commitment to GPS Industries shows how strong a partnership they have with GPS Industries. Now Leisurecorp is not only our largest shareholder, they are also our largest customer. We look forward to continue to build on this strong relationship over the years to come.”

David Spencer, the CEO-Golf for Leisurecorp, said, “We are investing in every area of Jumeirah Golf Estates to create one of the world’s leading residential golf communities. That includes our investment in world- class technology, giving homeowners in every neighborhood world-class tools to make their lives easier. GPS Industries is one of our strategic partners and we are delighted to be able to extend our relationship in this way.”

Leisurecorp, the owner of the Jumeirah Golf Estates, is a significant investor and related party to GPSI.

GPS Industries, Inc.

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