International expansion for Cyclepods

We are now 5 months into our engagement with Cyclepods. Currently we have interesting discussion with new business partners in Germany, France, the Netherlands, Canada, Malaysia and South Korea. Germany has come the furthest and our German partner will launch our products in February in Germany, Switzerland and Austria as well as in a number of central European countries. In North America we have an interesting discussion with an US premium bike brand, who wants to use the Cyclepod to expose their bikes in show rooms.

During fall ’09 the Streetpod design has been finalized. Check www.cyclepods.com shortly for pictures and details. The Streetpod is a welcome contribution to our product portfolio, focusing the on-street parking market.

In our home market – UK & Ireland - we just finalized the installation of 200 Spacepod units at KPMG’s new office in Canary Wharf (London). We’ve also added more Minipods sales resources, to further meet the great demand for this product.