Archive 2003
FOR IMMEDIATE RELEASE |
INVESTOR CONTACT: |
Sonia Ross (403) 295-4532 |
(Calgary, Alberta, July 7, 2003) - NovAtel Inc. (NASDAQ: NGPS), a precise positioning technology company, announced today the election of Patrick Fenton, the Company’s Vice President and Chief Technology Officer, as a Fellow Member of the Institute of Navigation (ION). The prestigious award was presented to Mr. Fenton by Dr. Rudolph Kalafus, President of the ION, at a ceremony held in Albuquerque, New Mexico. The ION elects Fellow Members for recognition of sustained professional contributions to the advancement of the Technology, Management, Practice, and Teaching of the Arts and Sciences of Navigation.
According to Dr. Gerard Lachapelle, past Western Region Vice President of the ION, Mr. Fenton was elected a Fellow Member as a result of his sustained contributions in the field of GPS, including advanced receiver architecture and designs, multipath reduction, digital signal processing techniques and technical publications. As lead design engineer and system architect of the GPS receiver development team at NovAtel, Mr. Fenton developed and patented Narrow Correlator tracking technology. He was also instrumental in licensing and commercializing Multipath Estimating Delay Lock Loop (MEDLL) and spearheaded the development of even more advanced multipath techniques such as Pulse Aperture Correlator (PAC). Narrow Correlator, MEDLL and PAC tracking technologies are now standards in the GPS industry - MEDLL is used in many ground reference Satellite Based Augmentation Systems (SBAS) including the U.S. WAAS, Europe EGNOS, Chinese SNAS and Japan MSAS.
“I feel truly honored to be named a Fellow Member of the ION. It is very rewarding personally and professionally to be recognized as someone who has made a significant contribution to the navigation industry. It is also important to me at this time to thank my friends and colleagues at NovAtel who played a significant part in these achievements with their hard work and dedication,” said Mr. Fenton.
As VP and CTO for NovAtel, Mr. Fenton holds a key role in developing core products that have positioned the Company on the leading edge of GPS and other precise positioning technologies. His patented Narrow Correlator® tracking technology and follow-on multipath reduction techniques have revolutionized the accuracy of the public accessible C/A code GPS signal, leading the way to sub-meter positioning. Mr. Fenton received his Geomatics Engineering degree from the University of Calgary in 1981. He has developed, patented and published (at ION) many other GPS receiver improvement technologies. Mr. Fenton has also served as ION ‘98 Technical Chair and has Chaired or Co-Chaired numerous technical sessions at ION conferences throughout the years.
About the ION
The Institute of Navigation is a non-profit professional society dedicated to the advancement of the art and science of navigation. It was founded in 1945 and currently has over 4000 members practicing in the field of navigation. It serves a diverse community including those interested in air, space, marine, land navigation, and position determination. Although basically a national organization, its membership is worldwide, and it is affiliated with the International Association of Institutes of Navigation.
About NovAtel Inc.
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.
