Archive 2004

NovAtel Inc. Launches EuroPak and First Commercially Available L5 Receiver

For Immediate Release	Contact:	Tony Murfin (403) 295-4512
	Investor Contact:	Sonia Ross (403) 295-4532

(Calgary, Alberta, Canada, September 22, 2004) - NovAtel Inc. (NASDAQ: NGPS), a precise positioning technology company, announced today the launch of its latest Euro-3M and Euro-L5 receivers. Designed for system integrators, these receivers address evolving customer needs for increased accuracy in dynamic and challenging environments.
NovAtel’s Euro-3M tracks 14 GPS and four GEO satellites. It includes important signal integrity features such as Signal Quality Monitoring (SQM) measurements to detect satellite failure, Safetrak® cross-correlation verification, and in-band digital pulse blanking on the L2 signal for increased tracking reliability. The Euro-3M also features a 50% improvement in Multipath Estimating Delay Lock Loop (MEDLL) performance. This patented NovAtel technology virtually eliminates the effects of multipath, delivering highly reliable and accurate range measurements. These receivers are packaged in the new EuroPak enclosure. The EuroPak-3MT model option includes a built-in 10 MHz OCXO and is ideal for high precision timing and scintillation applications.
NovAtel’s Euro-L5 tracks up to four L5 Wide Area Augmentation System (WAAS) GEO signals offering the opportunity for research and development related to the future L5 second civil frequency. In addition to superior L5 tracking, the Euro-L5 features L5 GPS positioning. As with the Euro-3M, this new receiver also includes in-band digital pulse blanking.
The Euro-3M and Euro-L5 are offered in a choice of platforms. Both are available as an OEM receiver in the standard Eurocard form factor, ensuring ease of integration without sacrificing flexibility. For systems requiring a packaged solution, these receivers are housed in a rugged, environmentally sealed enclosure - the EuroPak.
“With the launch of the Euro and EuroPak-family of products, NovAtel is bringing its high integrity technology developed for ground reference programs to a broad range of markets requiring precise positioning. As well, with models such as the EuroPak-3MT, which addresses the need for a precise clock, and the Euro-L5, which opens the door for future L5 frequency enhancements, NovAtel continues to be at the forefront of precise positioning technology development,” said Tony Murfin, NovAtel’s Vice President of Business Development.

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 constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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.