Infomedia signs global license for Kia Motors

By May 10, 2006 December 9th, 2016 Archive, ASX Announcements

Wednesday, 10 May 2006 – Sydney – World leading electronic parts catalogue (EPC) developer, Infomedia, today announced that it has signed a three year agreement to provide it’s Microcat® EPC product to Kia Motors dealers around the world. This is the first agreement between Infomedia and Kia and brings to 15 the number of automakers who rely on the system for their parts interpretation needs.

Year on year, sales of Kia passenger vehicles have been increasing, including a 27% increase between 2003 and 2005. In the markets where Infomedia will be supplying the Microcat EPC, sales of vehicles were just over 650,000 in 2005. With a further 10 new models planned to be introduced between 2006 and 2010, Kia Motors is confident of increasing sales even further.

Gary Martin, CEO of Infomedia, commended Kia Motors on their growth initiatives in recent years. “Kia has invested a great deal of effort into boosting product quality and responding to market demands. We are excited about this new partnership and look forward to providing Kia dealers with an electronic parts catalogue that will support their growing businesses and provide many efficiency improvements over other methods of parts identification.”

Mr Martin went on to say, “Kia’s customer service philosophy of ‘fix it right the first time’ is in line with the product excellence that Infomedia delivers in its parts and service systems around the world. With the recent announcement of the €1 billion manufacturing facility in Europe, Kia is certainly signalling its determination to be an elite global automaker”.

“With a strong association and commitment to excellence with the Hyundai Motor Company since 2001 and now the signing of Kia as a long term business partner, Infomedia is the premier EPC supplier to Korean automakers globally,” Mr. Martin concluded.

The agreement excludes the territories of China, Korea and the USA. Infomedia will begin product launches to the 3,500 Kia dealers around the world in the first half of FY2007.