NovAtel Inc. GPS Receivers Deployed in China Port Container Terminals
NovAtel Inc. (NASDAQ: NGPS), a precise positioning technology company, announced today that its dealer, Beijing BDStar Navigation Co. Ltd., Beijing, China, completed deployment of NovAtel GPS-based systems for the Tianjin port Container Terminals (TCT), as per the terms of a contract awarded to BDStar in July 2004.
Calgary, Alberta (PRWEB) May 17, 2005 -- NovAtel Inc. (NASDAQ: NGPS), a
precise positioning technology company, announced today that its dealer, Beijing
BDStar Navigation Co. Ltd., Beijing, China, completed deployment of NovAtel
GPS-based systems for the Tianjin port Container Terminals (TCT), as per the
terms of a contract awarded to BDStar in July 2004. NovAtel executives were on
hand to present the Company’s leading edge technology at the commissioning
ceremony for TCT held last month. BDStar is also in initial deployment for a
number of other port authorities in China, including ShenZhen and Hong
Kong.
“This new contract, along with an additional contract to install
receivers on port-specific heavy machinery, such as Rubber Tire Gantries (RTG’s)
manufactured in China, builds on the number of customers worldwide using NovAtel
for this demanding application. We believe our success rates in these ports will
continue to expand our opportunities with other Port Authorities in China,” said
Graham Purves, NovAtel’s VP Sales.
“Port LBS (Location Based Service)
business is a strategic focus for BDStar. We have integrated BDStar’s customized
software services with NovAtel’s accurate and reliable GPS technology to create
a strong product offering for this market. Add this to our increased efforts and
resources directed towards the development of business in this application
sector, and we believe we are poised to become a market leader,” said Ruxin
Zhou, BDStar’s President.
Under the TCT contract, NovAtel supplied
ProPak-G2 dual frequency GPS receivers integrated with BDStar’s custom
Geographic Information System (GIS) database software. These receivers are key
in the efficient management and operation of automated container placement. GPS
allows for the automation of the pick-up, transfer and placement process by
tracking containers from port entry to exit. Utilizing patented Pulse Aperture
Correlator (PAC) positioning technology, NovAtel’s ProPak receivers are used to
locate containers and place them into planned positions before the next
scheduled departure. With millions of container shipments being placed in port
terminals annually, GPS technology can greatly reduce the number of lost or
misdirected containers, improving safety of life conditions and reducing
operating costs.
“We implemented BDStar’s 3C2S (3C:Computer,
Communication and Control; 2S:GPS and GIS) system three months ago and have
already seen direct benefits to our business,” said LingSen Xue, TCT’s General
Manager. “We have documented a 4-8% decrease in costs and a 5-10% increase in
efficiency.”
NovAtel’s ProPak-G2 with PAC technology significantly
reduces the effects of multipath – the last significant remaining error factor
in precise positioning. Multiple models are available to meet a variety of
positioning requirements, including single and dual frequency, and optional
support for Satellite Based Augmentation Systems (SBAS) corrections from WAAS
and EGNOS systems.
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">www.novatel.com.
Certain statements in this news
release, including those about the Company’s future partnership with BDStar, 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 business prospects and opportunities. 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. 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 certification and market acceptance of
NovAtel’s new products, impact and timing of large orders, pricing pressures in
the market and other competitive factors, maintaining technological leadership,
and other factors described in our Form 20-F 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.
Contact: Graham Purves (403)
295-4964
Investor Contact: Sonia Ross (403) 295-4532
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Source : http://www.prweb.com/releases/2005/5/prweb240487.htm