Precise thinking  

News Release

NovAtel Inc. Expands and Reorganizes Senior Team to Drive Growth

INVESTOR CONTACT:

Sonia Ross (403) 295-4532

(Calgary, Alberta, Canada, May 23, 2007) – NovAtel Inc. (NASDAQ: NGPS), a precise positioning technology company, welcomes Colin Maclellan into the newly created position of Vice President and General Manager. Coincident with Mr. Maclellan’s appointment, NovAtel executives Farlin Halsey and Graham Purves will be taking on new roles. Mr. Halsey, previously Vice President, Marketing, has been appointed Vice President, Corporate Strategy and Alliances. Mr. Purves, previously Vice President, OEM Sales, has been appointed Vice President, Sales and Marketing.

“NovAtel has experienced rapid, profitable growth over the past few years. We have made these organizational changes and added to the senior team to allow us to continue to drive growth in our core business while simultaneously focusing dedicated effort on partnership and acquisition opportunities,” said Jon Ladd, President and CEO. “Colin and Graham will be guiding the organic growth of our existing business by focusing on the continued development and distribution of our leading Global Navigation Satellite System (GNSS) products and technology. Farlin will be identifying and pursuing opportunities for NovAtel to grow inorganically through acquisitions and alliances, bringing in complementary businesses or technologies that give us access to new markets or broaden our product base.”

As Vice President and General Manager, Mr. Maclellan brings solid business and leadership skills to NovAtel with a strong track record in managing all functional areas from Sales & Marketing, to New Product Development & Supply Chain Operations. Colin was most recently Senior Vice President and General Manager of the Wireless Business Unit of CSI Wireless, and has also held senior positions at Nortel Networks. He holds an MBA from the University of Western Ontario and a B.A.Sc. in Engineering Science from the University of Toronto. Colin’s breadth of leadership and business experience in technology based businesses will add greatly to NovAtel as the company continues to drive growth in its business.

Mr. Purves, Vice President, Sales and Marketing, has progressed through roles of increasing responsibility since joining NovAtel in 1988. Graham was most recently Vice President, OEM Sales, responsible for all Sales, Customer Service and Key Account Management. He will now be applying his solid technical foundation and strong business acumen to direct NovAtel’s complete product strategy. Graham’s proven track record of managing winning teams, creating strong customer relationships with large OEM partners, as well as emerging system integrators and his understanding of GNSS industry trends and future customer requirements position him perfectly for this expanded role.

Mr. Halsey, Vice President, Corporate Strategy and Alliances, joined NovAtel in 2002 as Vice President, Marketing, responsible for product management and marketing communications. Prior to joining NovAtel, Farlin held a number of senior and executive level Sales and Marketing positions in the GPS/optoelectronic, mobile server and geographic database industries. Upon joining NovAtel, Farlin established the Product Marketing management team and has been involved with NovAtel’s business development and acquisition strategy. Farlin’s broad industry experience in GNSS and complementary technology companies, as well as his comprehensive knowledge of the industry and strategic networking and negotiation skills, create a strong foundation for cultivating future alliances and driving inorganic growth through acquisitions and partnerships.

About NovAtel

NovAtel 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, 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’’, ‘‘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.