Archive 2004

NovAtel Launches SPAN Technology (TM)

For Immediate Release	Investor Contact:	Sonia Ross (403) 295-4532
	Marketing Contact:	Farlin Halsey (403) 295-4970

(Anaheim, California, USA, August 3, 2004) - NovAtel Inc. (NASDAQ: NGPS), a precise positioning company, launched its SPAN Technology(TM) (Synchronized Position, Attitude, & Navigation) at the AUVSI’s Unmanned Systems North America Symposium. This leading edge technology combines GPS with an IMU (Inertial Measurement Unit) to deliver precise position, velocity, time, and attitude data, all at 100 Hz, in challenging environments where GPS satellites can become obstructed.
According to Farlin Halsey, Vice President, Marketing for NovAtel, “The introduction of SPAN Technology(TM) supports our strategy of integrating complementary positioning technologies with GPS. This revolutionary new navigation system was developed to provide improved availability of precise positioning data in environments prone to intermittent GPS satellite outages.”
One of the key benefits of SPAN technology(TM) is flexibility. NovAtel offers a choice of receivers and IMUs to allow integrators to select the navigation components that meet their application needs. Three NovAtel GPS receivers offer IMU support: the ProPak-G2plus which features USB and high-speed serial ports and a rugged, protective enclosure; the DL-4plus which includes integrated memory for data logging along with an LCD interface and keypad for on-the-fly configuration; and the ProPak-Lbplus which features support for OmniSTAR’s HP (High Precision) satellite technology.

About NovAtel Inc.
NovAtel designs, markets and sells high-precision GPS and other positioning components and sub-systems used in a wide variety of commercial applications principally in the aviation, geomatics (surveying and mapping), mining, precision agriculture, marine and defence industries. NovAtel’s solutions combine hardware, such as receivers and antennas, with software to enable its customers to fully integrate the Company’s high-precision GPS technology into their respective products and systems. The Company is focused on supplying core high-precision positioning technology to OEMs and system integrators who build systems for various end market applications. For more information, visit www.novatel.com.

Certain statements in this news release, including financial guidance, are forward-looking statements. These forward-looking statements are not based on historical facts but rather on management’s expectations regarding NovAtel’s future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Statements in this news release about the Company’s future plans and intentions, results, outlook, levels of activity, performance, goals or achievements or other future events constitute forward-looking statements. Wherever possible, words such as ‘‘anticipate’’, ‘‘believe’’, ‘‘expect’’, ‘‘may’’, ‘‘could’’, ‘‘will’’, ‘‘potential’’, ‘‘intend’’, ‘‘estimate’’, ‘‘should’’, ‘‘plan’’, ‘‘predict’’ or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. Such forward-looking statements reflect management’s current beliefs and assumptions and are based on information currently available to management. 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 subsidiaries and joint ventures, establishing and maintaining effective distribution channels, certification and market acceptance of NovAtel’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, U.S. dollar to Canadian dollar exchange rate fluctuations, the impact of industry consolidations, vulnerability to general economic, market and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, 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. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, NovAtel cannot assure investors that actual results will be consistent with these 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.