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News ReleaseNovAtel Inc. Releases Latest Post-processing Software Version 7.80
(Calgary, Alberta, Canada, March 15, 2007) - NovAtel Inc. (NASDAQ: NGPS), a precise positioning technology company, announced today the release of its Version 7.80 GrafNav/GrafNetTM, GrafNav/GrafNet Static, GrafNav Lite and GrafMov post-processing software. This latest software release includes significant advancements such as precise point positioning (PPP), enhanced GLONASS processing and other features. “With the latest enhancements to our WaypointTM post-processing software, we are continuing to add value to our GPSplus products in order to deliver more accurate, competitively priced precise positioning solutions to our customers,” said Farlin Halsey, VP Marketing, NovAtel. The new embedded PPP processor offers many advantages to users. It permits dual frequency carrier phase processing without a base station. Users can expect 10-40 cm kinematic accuracies and 2-10 cm static accuracies, although accuracies can vary depending on age of the data, time length of collection, satellite geometry, frequency of cycle slips, receiver type, measurement quality and other factors. Enhanced GLONASS processing is another key new feature. This enables both GPS and GLONASS satellites to be used in Kinematic Ambiguity Resolution (KAR), resulting in faster and more reliable fixes and cleaner trajectory processing. The new Mission Planner supports GPS and GLONASS data. Also, GLONASS data can now be extracted from NovAtel OEMVTM -3, Leica 1200 GG and RINEX formats, in addition to other manufacturer formats that were previously supported. “We are very excited about the release of our new Version 7.80 post-processing software. The PPP addition can reduce costs for customers by eliminating the need for base stations, while the enhanced GLONASS feature maximizes the capabilities of NovAtel’s latest OEMVTM receiver series,” said Pat Fenton, CTO, NovAtel. 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, market acceptance and expected shipments of its post-processing software, 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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