Published: November 07, 2005
Rocket Racing League Taps GPSI for Spectator Hand-Held GPS Units
WiFi Broadcasts From Cockpits & Wings to Bring Fans Closer to Their Heroes
The Rocket Racing League(TM) (RRL(TM)), an
aerospace entertainment organization that combines the competition of
racing with the excitement of rocketry, today announced it has signed an
exclusive agreement with GPS Industries Inc. (GPSI) (OTC BB: GPSN), a
leading innovator of Wi-Fi and GPS-enabled multimedia communications and
management solutions for golf facilities, resorts, sporting events and
residential communities. Under the terms of the agreement, GPSI will
provide complete GPS business solutions, including GPS technology with
Wi-Fi enhancements and newly designed hand-held spectator GPS receiver
units, to the Rocket Racing League.
"We're proud to partner with GPS Industries, a company which has pioneered
the art of integrating location-based technologies into sport and
entertainment," said Dr. Diamandis. "Their systems will play a critical
role in helping our fans follow their heroes into the sky."
GPS Industries will design and supply GPS receivers for the cockpits of the
Mark-1 X Racer rocket planes which will be used to navigate the
three-dimensional race courses. The company will also design and supply
hand-held GPS receivers for use by fans attending races who will be able to
follow the rocket planes using a sophisticated mapping interface. The
devices will be Wi-Fi-enabled to broadcast streaming video during the races
from multiple camera angles including cockpit, side-angle and wing-to-wing
views.
The Rocket Racing League (RRL) was founded by Dr. Peter H. Diamandis,
founder of the X PRIZE, which inaugurated the age of personal spaceflight,
and Granger Whitelaw, two-time Indianapolis 500 champion team partner. The
rocket races will take place on a two mile long, three-dimensional race
course, complete with dramatic drops and sweeping turns, at an altitude of
5,000 feet.
Robert Silzer, Sr, President and CEO of GPS Industries, states, "From our
initial vision of GPS tracking on golf courses, to the acquisition of
worldwide GPS golf patents, to our addition of Wi-Fi capabilities, and our
now exclusive relationship with the RRL, we are building a future where
sports are enhanced by GPS technology."
"We want to provide our hand-held Inforemer, Wi-Fi driven, streaming video
capable GPS receiver units to every sport that can benefit from this
technology," says Silzer. "We have worked long and hard to build a next
generation product, and as evidenced by our agreement with the RRL, that
next generation has arrived right now."
"This is a new frontier in sports," says Silzer, "and GPSN is now standing
on the cutting edge of a new era in sporting events. We are pleased that
the Rocket Racing League recognizes the possibilities that GPS technology
holds for the future of sports. We look forward to a long relationship
with the RRL."
About the Rocket Racing League
The Rocket Racing League is an aerospace entertainment organization that
combines the competition of racing with the excitement of rocketry. The
RRL is dedicated to providing safe and thrilling experiences for families
through live events, television broadcasts and interactive technologies.
Co-founded by Dr. Peter H. Diamandis, founder of the X PRIZE, and Mr.
Granger Whitelaw, two-time Indianapolis 500 champion team partner, the
league's mission is to serve as a technology accelerator in the areas of
airframe, propulsion and spacecraft design, and reach for the future to
inspire the next generation of spaceflight enthusiasts.
Rocket Racing League (TM), RRL (TM), and X-Racer (TM) are trademarks of
Rocket Racing. Inc.
GPS Industries, Inc.
GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi wireless
multimedia solutions to enable managers of golf facilities, resorts,
sporting events, and residential communities worldwide to generate
significant new revenue streams and improve operational efficiencies. The
company's unique and patented Inforemer(TM) product line provides a
complete GPS golf business solution, combining a powerful backend
management information system and revenue generating modules with mobile
color handheld or cart-mounted Differential GPS units, seamlessly connected
via a wireless, high-speed Wi-Fi network. For additional information on
GPSI and its solutions, please visit www.gpsindustries.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual results may
differ materially as a result of certain risks and uncertainties. These
risks and uncertainties include, but are not limited to: The Company's
ability to raise finance; global and market conditions within the golf
industry; demand for and market acceptance of new and existing products;
successful development of new products; the timing of new product
introductions; pricing pressures and other competitive factors; the ability
to develop and implement new technologies and to obtain protection for the
related intellectual property; as well as other risks and uncertainties,
including but not limited to those detailed from time to time in the
company's Securities and Exchange Commission filings. These forward-looking
statements are made only as of the date hereof, and the company undertakes
no obligation to update or revise the forward-looking statements, whether
as a result of new information, future events or otherwise. Other brands
and names contained in this release are the property of their respective
owners.
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