INVESTOR CONTACT: Sara Masterson (403) 295-4980
MARKETING COMMUNICATIONS:Lori Winkler (403) 730-4677L
(Calgary, Alberta, Canada, April 9, 2008) - NovAtel Inc., an original equipment manufacturer (OEM) of precise positioning technology, launched its new GL1DE technology this week. GL1DE becomes the latest enhancement to NovAtel's signature OEMV® product line.
GL1DE technology is ideal for agricultural guidance applications, where pass-to-pass repeatability is critical. GL1DE optimally combines L1 code and L1 phase data to produce consistent positional output for developers of guidance applications. Users of GL1DE will experience a smooth, consistent position appropriate for both lightbar and autosteer systems. Position jumps are virtually eliminated.
GL1DE improves the stability of single point (autonomous), SBAS, CDGPS and OmniStar VBS positioning modes, and delivers pass-to-pass repeatability of up to 8 to 12 inches within a 15 minute interval. Users in parts of the world where a WAAS or EGNOS-type solution is not available to improve positioning stability, can use GL1DE technology to maintain a stable, usable solution over longer intervals.
“NovAtel works closely with its customers from around the world to ensure our products can easily and quickly be integrated into their customized solutions,” said Graham Purves, Vice President, Sales and Marketing for NovAtel Inc. “GL1DE's pass-to-pass functionality is a perfect example of an enhancement we have developed to meet specific industry requirements; in this case, the agricultural industry, where it can be utilized to help farmers maximize their crop yields by significantly increasing the repeatability of their precision guidance tools.”
For more information on GL1DE, see NovAtel's website at
NovAtel Inc. is a leading original equipment manufacturer (OEM) of precision Global Navigation Satellite System (GNSS) components and subsystems, including receivers, antennas, enclosures and firmware. An ISO certified company, NovAtel's products are developed for efficient, rapid integration into our customers' precise positioning applications. These applications include surveying, Geographical Information System (GIS) mapping, precision agriculture machine guidance, port automation, mining, marine and defense industries. NovAtel's reference receivers are at the core of national aviation ground networks in the USA, Japan, Europe, China and India. The Company maintains its leadership position through significant R&D investment focusing on the modernized Global Positioning System (GPS), the revitalized Russian GLONASS and the emerging European Galileo satellite systems, as well as the integration of additional complementary technologies such as Inertial Measurement Units (IMUs). NovAtel Inc. is based in Calgary, Canada and is part of the Hexagon Group, Sweden.
For more information, visit www.novatel.com
Certain statements in this news release, including those about the Company's future plans and intentions, financial guidance, risk factors, long-term growth prospects, levels of activity or other future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not based on historical facts but rather on management's current expectations regarding NovAtel's future growth, operating model, results of operations, performance, future capital and other expenditures, competitive advantages, business prospects and opportunities. Wherever possible, words such as “anticipate”, “believe”, “expect”, “may”, “could”, “potential”, “intend”, “estimate”, “should”, “plan”, “predict”, “forecast” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements, including operating results of the Company's joint venture Point, Inc. (“Point”), U.S. dollar to Canadian dollar exchange rate fluctuations, establishing and maintaining effective distribution channels, certification and market acceptance of NovAtel's new products, the impact and timing of large orders, dependence on key customers, credit risks of customers and the Company's joint venture Point, 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 products, product defects, the impact of industry consolidations, including the proposed merger between Sokkia Co. Ltd. and Topcon Corp., vulnerability to general economic, market and business conditions, competition, environmental and other actions by governmental authorities, reliance on key personnel and other factors described in the Company's Form 20-F for the year ended December 31, 2006 and other SEC filings, many of which are beyond the control of NovAtel. These factors should be considered carefully and undue reliance should not be placed on the forward-looking statements. These forward-looking statements are made as of the date of this news release, and NovAtel assumes no obligation to update or revise them to reflect new events or circumstances.
Posted on 14/04/2008