NovAtel Inc. Launches Next Generation GPS Technology.Business Editors/High-Tech Writers CALGARY, Alberta--(BUSINESS WIRE)--Feb. 10, 2003 NovAtel Inc. (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 : NGPS), a precise positioning Precise Positioning is a term used to describe techniques to obtain the location of an object to better than a few centimeters of accuracy. Historically precise positioning was associated with surveying and geodesy. technology company, today launched a series of new products to expand its core GPS technology offering. These new products include its latest GPS engine - the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and 4-G2L; a rugged enclosure - the ProPak-G2; and the GPS-700 antenna series. NovAtel's OEM4-G2L is a compact (60mm X 100mm X 16mm) and light (65g) high performance GPS engine. It incorporates the Company's latest patented positioning technology - Pulse Aperture Correlator (PAC) - to achieve less than 2cm accuracy with RT-2 corrections. The OEM4-G2L also features two serial ports with one port supporting speeds up to 921 kbps, a USB port and low power consumption. This new product is offered with an optional Application Programming Interface that allows developers to run their specialized software application onboard, reducing hardware costs and time to market. To view the OEM4-G2L, please click on the following link: http://www2.cdn-news.com/database/fax/2000/novatel1.pdf. The ProPak-G2 is a rugged, lightweight enclosure designed to house the OEM4-G2 engine, launched last September. It is shock, water and dust resistant and can be used as a base station or a rover. The ProPak-G2 features three bi-directional COM ports and low power consumption. This new enclosure is available with either LEMO LEMO Lowest Empty Molecular Orbital LEMO Laboratory of Electromagnetic Oscillations (Ukrainian Institute of Physics and Technology) or DB-9 connectors. To view the ProPak-G2, please click on the following link: http://www2.cdn-news.com/database/fax/2000/novatel2.pdf. The new GPS-700 antenna series incorporates NovAtel's patented Pinwheel technology and is designed to enhance the performance of the OEM4-G2 and OEM4-G2L engines. This series, available in L1 (GPS-701) and L1/L2 (GPS-702) models, is smaller and lighter than the existing 600 series, and delivers improved L2 as well as low elevation angle satellite tracking. The GPS-700 series also features enhanced out-of-band interference rejection. According to Patrick Fenton, NovAtel's CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. and VP Technology, "These new products are further proof that NovAtel is right on the pulse of OEM positioning technology development. Also, the introduction of the ProPak-G2 and GPS-700 antenna series reinforce NovAtel's commitment to enhance and build upon our core engine technology to deliver the best possible positioning solutions to our customers." NovAtel Inc. is a leading provider of precise global positioning and augmentation technologies designed to afford our customers rapid integration and exceptional return on investment. The Company's core technology is being applied in diversified positioning markets around the globe including agriculture, mining, marine, surveying, unmanned systems and machine control. NovAtel is also the prime supplier of GPS ground reference receivers to national satellite-based augmentation systems worldwide including the U.S. WAAS (Wide Area Augmentation System) A system of earth stations and satellites that improves the tracking accuracy of the GPS navigation system to approximately 10 feet. , Europe EGNOS (European Geostationary Navigation Overlay Service) A European system of earth stations and satellites that improves the tracking accuracy of the GPS and GLONASS navigation systems down to approximately 15 feet. , Japan MSAS (Multi-functional Transport Satellite-based Augmentation System) A Japanese system of earth stations and satellites that improves the tracking accuracy of the GPS navigation system down to approximately six feet. and China SNAS SNAS Society of Naval Architecture Students SNAS Signaling Network Analysis System . For more information, visit www.novatel.com (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. . Certain statements in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or developments in the Company's industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, operating results of subsidiaries and joint ventures, establishing and maintaining effective distribution channels, certification and market acceptance of the Company's new products, impact and timing of large orders, credit risks of customers and joint ventures, financing of joint ventures, pricing pressures in the market and other competitive factors, maintaining technological leadership, timing of revenue recognition in connection with certain contracts, the ability to maintain supply of products from subcontract manufacturers, the procurement of components to build product, product defects and the impact of industry consolidations, together with the other risks and uncertainties described the Company's other filings with the United States Securities and Exchange Commission. |
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