WiFi Broadcasts from Cockpits & Wings to Bring Fans Closer to their Hero’s
NEW YORK, November 7, 2005 – The Rocket Racing Leagueï?” (RRLï?”), 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) (OTCBB: 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 hero’s 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 â?¢, RRL â?¢, and X-Racer â?¢ 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.
Contact:
David Rosen
Walek & Associates for the Rocket Racing League
212-590-0532
David@walek.com
Bernadine Plavcic
Director, Marketing & Communications, GPS Industries
604.576.7442 ext 136
bernadine@gpsindustries.com
Ryan Gray
Investor Relations
310.276.6743
ryan@gpsindustries.com
