Cordic Continues Year on Year Growth

Cambridge, UK, May 6, 2009 --- Cordic Ltd, the leading provider of software and system solutions for the taxi, private hire and courier industries, announced today that it continues to experience substantial year on year growth and plans to increase its headcount by 40% by the end of this year.

“2008 was a very good year for us, despite the economic climate, and 2009 is shaping up to be another successful year,” stated Fara Arani, Commercial Director of Cordic. “There is strong demand for our GPRS based mobile data despatch systems, and we recently won the HTC Ultimate B2B Partner award for selling the most HTC data devices in the first quarter of 2009.  We are now recruiting additional sales and support staff to meet increasing customer demand for our despatch systems.” 

Cordic announced the Company’s results showing an average annual growth of nearly 90% over the past four years. The Company continues to increase its customer base with more than 300 taxi and private hire companies and over 15,000 vehicles in the UK and Europe benefiting from its market leading cPAQ Taxi Despatch Systems and mobile data terminals.

Dr. Arani added, “Cordic has had an encouraging number of new clients from all over the UK, and we have been seeing an increasing interest in the environmental benefits of our system. Using GPS fleet management systems can result in nearly 20% fewer miles travelled which in turn results in less fuel consumption. And, Cordic’s taxi despatch system is the only one on the market that allows taxi operators seeking to reduce their carbon footprint to track their CO₂ emissions. With our continued commitment to providing the best quality data despatch systems at the best price and superior customer support and service, we are confident that 2009 will be another successful year.”

 About Cordic

 Formed in 2002, Cordic Ltd develops and markets state-of-the-art fleet management solutions including mobile data despatch systems targeted at the Taxi, Private Hire and Courier Service sectors. Cordic’s core products operate over public GPRS (General Pack Radio Services) networks and incorporate leading edge wireless and interactive voice response (IVR) technologies to provide reliability, flexibility and scalability while providing the most cost effective solution and best user experience. Having introduced the world’s first GPRS based mobile data despatch system, Cordic is the largest, most proven provider of GPRS based Taxi Despatch Systems in the world today. Cordic has teamed up with wireless operators, hardware manufacturers and software vendors and has strategic alliances with Vodafone, O2, Orange, T-Mobile, BT and HP. For more information, visit www.cordic.com.

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Cordic contact:

Destanie Clarke

Corporate Communications

Cordic Ltd

m. +44 (0)7753 826162

t: +44 (0)1954 233 233

destanie.c@cordic.com