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Archive 2002NovAtel Receives Contract from Raytheon for New LAAS Receiver
(Calgary, Alberta, Canada - July 11, 2002) - NovAtel Inc. (NASDAQ: NGPS) announced today that the company has been awarded a contract by Raytheon Navigation Landing Systems for the next phase of development and qualification of a new GPS reference receiver for the Local Area Augmentation System (LAAS). Under this phase of the program, which is now underway and expected to continue into the fall of 2002, NovAtel will complete development and initial software and hardware qualification of the LGF4 receiver, which has been specifically engineered by NovAtel for Raytheon NLS’ LAAS Ground Facility (LGF) equipment. The LGF4 receiver is based on NovAtel’s OEM4 Euro GPS receiver, with modifications to include an L1/L1 RF front-end, GPS Satellite Quality Monitoring, and tracking for up to 19 GPS and 4 GEO satellites. In later phases of the program, software will be fully qualified to RTCA DO-178B level B and hardware will be qualified in accordance with RTCA DO-254. “Raytheon has a strong presence in both the Federal and International landing system businesses. We are pleased to continue our relationship as their LAAS receiver supplier,” said Jonathan Ladd, NovAtel President and CEO. “Coming on the heels of the recent award by the FAA for the next generation WAAS receiver, we see the LGF receiver program as a further endorsement of NovAtel’s leading position in the ground reference receiver business,” added Tony Murfin, NovAtel Vice President, Business Development. NovAtel has now been working with Raytheon NLS for over 12 months on the LGF4 receiver program. Engineering model receivers were delivered in June of this year, and initial integration testing has already indicated excellent performance with the LAAS Integrated Multipath Limiting Antenna. NovAtel Inc. is the principal supplier of reference receivers to WAAS ground networks around the world, and designs, markets and supports a broad range of products that determine precise geographic locations using the Global Positioning System (GPS). NovAtel’s GPS products are used principally for applications in high-end markets such as the surveying, geographic information systems, aviation, marine, mining, machine control, agriculture and precise timing markets. For further information please visit our website at www.novatel.com. Certain statements in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act 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, 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, and the impact of industry consolidations, together with the other risks and uncertainties described in public filings.
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