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Archive 2002
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For Immediate Release |
Program Contact: |
Tony Murfin (403) 295-4512 |
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Investor Contact: |
Sonia Ross (403) 295-4532 |
(Calgary, Alberta, Canada, August 21, 2002) - NovAtel Inc. (NASDAQ: NGPS), a Global Positioning System (GPS) manufacturer, announced today a $149,000 (US) contract award by Zeta Associates, on behalf of the Federal Aviation Administration (FAA), to further develop and produce additional L5 receivers for use in Wide Area Augmentation System (WAAS) signal development and validation activities.
Under the terms of the contract, NovAtel will be adding new software features to support prototype WAAS Ground Uplink Station (GUS) receiver testing for the new WAAS L1/L5 mid-continent GEO (geostationary satellite). This development work follows an initial contract in 2001 for three L5 receivers and two L5 transmitters.
“NovAtel is the leading GPS supplier with L1/L5 technology available to customers. This technology development is a small but important step towards assuring WAAS integrity in North America through a new L1/L5 mid-continent GEO, and to allow use of WAAS for increasingly more stringent safety of life operations,” says Michael Clayton, Senior Technical Manager, Aviation, for NovAtel.
John Nelson, President and CEO of Zeta Associates, says that “Zeta is pleased to work with NovAtel in the development of this advanced technology for application in the WAAS program in conjunction with the first use of the recently defined L5 signal. The validation of this L5 signal technology is critical for the expected operation of the WAAS in the US National Air Space.”
NovAtel supplies receivers to national satellite-based augmentation systems (SBAS) around the world: the U.S. WAAS, the European EGNOS, Japanese MSAS, Chinese SNAS and Australian GRAS. These complex receivers incorporate NovAtel’s Narrow Correlator® tracking technology and MEDLL technologies, process WAAS signals from geostationary satellites, and include dual frequency L1/L2 signal reception.
Zeta Associates, Inc. provides technical and systems engineering services to the U.S. Government in support of development and acquisition of large complex systems as well as performing research and development to optimize performance for these systems. Zeta’s activities span all aspects of technical programs to include requirements formulation and analysis, system architecture design and end-to-end performance analysis, processing and exploitation of data, as well as system operations.
NovAtel Inc. designs, markets and supports a broad range of products that determine precise geographic locations using the Global Positioning System (GPS) and is the principal supplier of reference receivers to WAAS ground networks around the world. NovAtel's GPS products are used principally for applications in precision 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 <http://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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