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Archive 2003
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FOR IMMEDIATE RELEASE |
CONTACT: |
Farlin Halsey (403) 295-4970 |
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INVESTOR CONTACT: |
Sonia Ross (403) 295-4532 |
(Calgary, Alberta, Canada, June 24, 2003) - NovAtel Inc. (NASDAQ: NGPS), a precise positioning technology company, today launched its latest state-of-the-art enclosure - FlexPak. This innovative NovAtel product has been designed as a rugged, compact housing for the Company’s SUPERSTAR II or OEM4-G2L positioning receivers. The key benefit of FlexPak is that it gives system integrators the ability to use one uniform enclosure and mounting system for meter to centimeter-level positioning applications.
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FlexPak is compact, measuring 45mm x 147mm x 123mm and weighing only 307 grams with the SUPERSTAR II and 350 grams with the OEM4-G2L. It is shock, water and dust resistant. FlexPak features low power consumption, USB functionality (available with the OEM4-G2L only) and status LEDs. NovAtel’s SUPERSTAR II is a GPS receiver designed for applications requiring low-cost, reliable, meter-level positioning performance with low power requirements. It offers robust signal tracking and capability under severe conditions including foliage and urban canyons as well as optional carrier phase positioning. The SUPERSTAR II is very compact at 46mm x 71mm x 13mm and only 22 grams. |
NovAtel’s OEM4-G2L features the Company’s latest patented positioning technology - Pulse Aperture Correlator (PAC) - and can achieve less than 2 centimeters accuracy with RT-2® corrections. It is small (60mm X 100mm X 16mm) and light (65 grams) with two serial ports (one port supporting speeds up to 921 kbps), a USB port and low power consumption. This product is offered with an optional Application Programming Interface (API) that allows developers to run their specialized software application onboard, reducing hardware costs and time to market.
According to Patrick Fenton, NovAtel’s CTO and VP Technology, “FlexPak illustrates NovAtel’s commitment to developing positioning products designed to make life easier for the system integrator. The advantage of this new product is that it can evolve with a system application over time as positioning and accuracy requirements change.”
NovAtel Inc. is a leading provider of precise global positioning and augmentation technologies designed to afford our customers rapid integration and superior 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, Europe EGNOS, Japan MSAS and China SNAS. For more information, visit 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, 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 products, product defects and the impact of industry consolidations, together with the other risks and uncertainties described in the Company’s filings with the United States Securities and Exchange Commission.
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