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News ReleaseFAA Uses NovAtel Inc. Receivers to Test Modernized GPS Signals
(Calgary, Alberta, Canada, November 16, 2006) – NovAtel Inc. (NASDAQ: NGPS), a precise positioning technology company, today announced that the Federal Aviation Administration (FAA) successfully used NovAtel receivers in testing of the global positioning system IIF (GPS Block IIF) satellite, tracking both L5 and L2C signals. The GPS Block IIF is an upgrade of the original GPS. The receivers used were NovAtel’s EuroPak-15a configurable, 16 channel GPS L1/L5 receiver, and the ProPak-V3 dual frequency L1/L2 receiver. "This achievement confirms the ability of our receivers to track and process signals from the latest generation GPS Block IIF satellite. Ground testing of the satellite was performed by the FAA in conjunction with the US Air Force, which is developing the GPS Block IIF satellites and control segment," said Tony Murfin, Vice President Business Development. The US Air Force is directing and procuring improvements to the existing GPS constellation, introducing new technologies and capabilities to create a modernized satellite system. The EuroPak-15a receiver may be user configured to track not only the basic GPS L1 signal, but also GPS L5 and L5 SBAS (Space Based Augmentation System – such as the US WAAS) signals. It can also be configured to track both GPS and Galileo L1 and E5a signals. NovAtel's ProPak-V3 is a durable, high-performance receiver with advanced capabilities, including GLONASS measurements, USB communication and IMU support. The ProPak-V3 also features integrated L-band corrections from geosynchronous satellites such as OmniSTAR and CDGPS. With firmware upgrades, this receiver will also be capable of tracking future L5 signals as soon as they are available. About NovAtelNovAtel Inc. (NASDAQ:NGPS) is a leading provider of precision Global Navigation Satellite System (GNSS) components and subsystems that afford its customers rapid integration of precise positioning technology. The Company’s mission is to provide exceptional return on investment and outstanding service to our customers. An ISO 9001 certified company, NovAtel is focused on developing quality OEM products including receivers, antennas, enclosures and software that are integrated into high precision positioning applications worldwide. These applications include surveying, Geographical Information System (GIS) mapping, precision agriculture machine guidance, port automation, mining, marine and defence industries. NovAtel’s reference receivers are also at the core of national aviation ground networks in the USA, Japan, Europe, China and India. The Company is committed to providing its customers with advanced positioning technology through significant R&D investment focusing on the modernized Global Positioning System (GPS), the revitalized Russian GLONASS and the emerging European Galileo satellite systems, as well as the integration of additional complementary technologies such as Inertial Measurement Units (IMUs). For more information, visit www.novatel.com. Certain statements in this news release, including those about the Company’s future plans and intentions, future performance and market acceptance of its GPS modernization technology, long-term growth prospects, levels of activity or other future events, are forward-looking statements. These forward-looking statements are not based on historical facts but rather on management’s current expectations regarding NovAtel’s future growth, results of operations, performance, future capital and other expenditures, competitive advantages, business prospects and opportunities. Wherever possible, words such as ‘‘anticipate’’, ‘‘believe’’, ‘‘expect’’, ‘‘may’’, ‘‘could’’, ‘‘will’’, ‘‘potential’’, ‘‘intend’’, ‘‘estimate’’, ‘‘should’’, ‘‘plan’’, ‘‘predict’’, “forecast” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. 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 the Company’s joint venture Point, Inc. (“Point”), impact and timing of large orders, U.S. dollar to Canadian dollar exchange rate fluctuations, establishing and maintaining effective distribution channels, certification and market acceptance of NovAtel’s new products, credit risks of customers and the Company’s joint venture Point, 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, the impact of industry consolidations, vulnerability to general economic, market and business conditions, competition, environmental and other actions by governmental authorities, reliance on key personnel and other factors described in the Company’s Form 20-F for the year ended December 31, 2005 and other SEC filings, 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. 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.
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