Cambridge Positioning Systems Receives Investment from Andrew Corporation - Enhances Joint Development of Mobile Caller Locating Technology.CAMBRIDGE, England -- Andrew Corporation Andrew Corporation is an American multinational producer of communications devices. Andrew is a global designer, manufacturer, and supplier of communications equipment, services, and systems. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANDW) is investing an undisclosed amount in CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. (Cambridge Positioning Systems Ltd.), a mobile location technology developer. The investment strengthens the relationship between the two companies and their joint development of innovative high accuracy mobile locating solutions for the global GSM and 3G cellular markets. CPS and Andrew previously announced in February the formation of a partnership to develop a new generation of wireless caller locating products that offer significant performance and cost advantages for applications such as commercial location-based services See mobile positioning. , public safety, and security. "This investment strengthens our balance sheet and will fund further development of our Matrix products and technology," said Chris Wade Christopher "Chris" Wade was a former Whitewater real estate broker. Chris Wade was the real estate broker for Jim McDougal and Bill Clinton for the Whitewater Development Corporation. He sold the lots for the Clintons and McDougals. , chief executive officer of CPS. "Both CPS and Andrew are fully committed (Law) committed to prison for trial, in distinction from being detained for examination. See also: Fully to the delivery of fast, accurate, low cost mobile locating solutions to help unlock the vast potential of location-based services for mobile network operators. Andrew's E911 market strength in the U.S. will be a significant benefit to this partnership." "Our investment in CPS is another indicator that we continually innovate with effective and efficient new technologies in our mobile locating systems," said Terry Garner, Andrew president of network solutions. "Andrew continues to support customers with the most technologically flexible and cost-effective high-performance GSM mobile locating platform, supporting a broad global spectrum of location-sensitive applications." The two companies will integrate CPS' Matrix software-only mobile locating solution into Andrew's Geometrix(R) product line as part of a flexible suite that applies multiple caller location techniques. Geometrix provides mobile location data for applications such as commercial location-based services (LBS (Location-Based Services) See mobile positioning. ), public safety, and security. Already a leading supplier of wireless caller location systems, Andrew Corporation will license the CPS Matrix solutions for global distribution beginning in the fourth quarter of 2004. About Andrew Corporation Andrew Corporation (NASDAQ:ANDW) designs, manufactures, and delivers innovative and essential equipment and solutions for the global communications infrastructure market. The company serves operators and original equipment manufacturers from facilities in 33 countries. Andrew (www.andrew.com), headquartered in Orland Park, Illinois Orland Park is a village in Cook County, Illinois, United States; it also extends slightly into Will County. The population was 51,077 at the 2000 census, and estimated to be 55,461 as of 2005. , is an S&P 500 company founded in 1937. About CPS CPS (www.cpslocates.com) is the high accuracy location enabler for the wireless world. Through consistent innovation, we have developed new ways of helping people pinpoint their whereabouts--via a standard GSM mobile device. Our technology is called Matrix--a unique software-only solution that combines sub-100m accuracy with rapid time-to-fix and consistent performance across all environments. Standardised for GSM, Matrix can be rolled out easily and rapidly to meet operator needs for new and differentiated location-enabled services. And because Matrix is software only, it means deployment costs are less $1 per subscriber, the most competitive high accuracy solution available. CPS is headquartered in the UK, with representation in the Americas, Asia Pacific and EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. . |
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