11 November 2010ASX ANNOUNCEMENTTransol Corporation Limited ?...

11 November 2010
ASX ANNOUNCEMENT
Transol Corporation Limited ? Renewal of Software and Services Agreement with the New
Zealand Transport Agency
(ASX Code: TNC)
Transol Corporation Limited (?Transol?) is pleased to announce that its wholly owned subsidiary
CLTNet NZ Limited (?CLTNet NZ?) has renewed its software and services agreement with the New
Zealand Transport Agency (?the NZTA?) for a minimum term of five years with an option to extend
the agreement to seven years.
The new agreement includes the licensing of CLTNet?s computerised Driver Licence Theory Testing
system, the delivery of online driver education web services and provision for the supply of
additional testing services for the transport industry in New Zealand. CLTNet NZ will receive an
annual license and consulting fees from the NZTA and income from the sale of education and
practice tests to the New Zealand public.
The renewed agreement is an endorsement of the Company?s technology and services. During the
past 18 months CLTNet NZ and the NZTA have collaborated to deliver a national computerised
testing and education service to the New Zealand public through a network of over 100 licence
testing centres and online through the website www.roadcodepractice.co.nz. The NZTA expect to
conduct up to 150,000 tests each year for learner drivers and over 200,000 practice tests a year.
Leading up to the renewal of the agreement, CLTNet NZ has been introducing new functionality to
its website to support reseller channels for the sale of practice tests by driving instructors, schools
and retailers. With the agreement now signed these channels will be activated and generate sales in
the current quarter.
This long term agreement with the NZTA provides CLTNet NZ with an opportunity to extend the use
of its systems, develop new services and expand its presence in the New Zealand market.
For any inquiries, please contact Angus Edgar on +61 3 8610 8633.
ANGUS EDGAR
DIRECTOR