NovAtel Inc. Receives Contract for WAAS-GUS Signal Generators
NovAtel Inc. (NASDAQ:NGPS), a precise positioning technology company, announced today that an order for four WAAS GUS-Type 1 Signal Generators was received from Raytheon Company in support of the US Geostationary Communications & Control Segment (GCCS) program. NovAtel completed shipments of these four GUS Signal Generators in June 2005. The value of this recent WAAS contract award is approximately US $295,000.
Calgary, Alberta (PRWEB) July 6, 2005 -- NovAtel Inc. (NASDAQ:NGPS), a
precise positioning technology company, announced today that an order for four
WAAS GUS-Type 1 Signal Generators was received from Raytheon Company in support
of the US Geostationary Communications & Control Segment (GCCS) program.
NovAtel completed shipments of these four GUS Signal Generators in June 2005.
The value of this recent WAAS contract award is approximately US
$295,000.
NovAtel has been working with the US Federal Aviation
Administration (FAA) and Raytheon Company for the past two years to engineer and
produce this new generation of key WAAS ground network and Ground Uplink System
(GUS) equipment for Prime Contractor Lockheed Martin, under a contract from
Raytheon Company first announced by NovAtel on November 5, 2003. The Signal
Generator NovAtel has developed for this WAAS ground system - the WAAS GUS-Type
1 Signal Generator - is a high performance L1 and L5 signal generator designed
for use in the ground uplink system of Space-Based Augmentation Systems (SBAS).
The GUS Signal Generator is built with two independent L1 and L5 signal
generators that precisely control the frequency and phase of L1 and L5 code and
carrier.
The FAA determined that additional Geostationary Earth Orbit
(GEO) satellite services for the Wide Area Augmentation System (WAAS) were
needed to provide the necessary coverage, availability and improved continuity
of service to the aviation user. The GCCS Program was then awarded to Lockheed
Martin for additional WAAS GEO satellites, with Raytheon receiving a subcontract
from Lockheed Martin for the ground based signal generator
subsystem.
According to Tony Murfin, NovAtel's VP Business Development,
"Following on the most recent WAAS contract announced in March for SBAS
equipment in support of India's Geostationary Earth Orbit Augmented Navigation
(GAGAN) program (see NovAtel press release issued March 8, 2005), this latest
award continues NovAtel's push as the only supplier for WAAS-type network
receiver equipment. As a Canadian company, we are also pleased to see that the
new WAAS GEOs will provide much improved Northern coverage."
The FAA's
WAAS uses a widely dispersed ground-monitoring network to provide integrity
continuity, availability and improved accuracy to the Global Positioning System
(GPS) Standard Positioning System navigation signal. The system of precisely
surveyed ground reference stations positioned across the conterminous US, as
well as Alaska, Hawaii, and Puerto Rico, is used to collect GPS satellite data.
Using this information, WAAS generates signal error correction and integrity
messages and then broadcasts these messages via Geostationary Earth Orbit (GEO)
satellites to specially enabled GPS receivers onboard aircraft. WAAS will
support both en-route and vertical guidance (down to a 250 foot decision height)
phases of flight for users with certified WAAS avionics. WAAS is also being used
extensively in other applications requiring improved accuracy without a local
base station, such as agriculture, GIS (Geographic Information Systems) and for
marine use.
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, including those about the Company's prospects for additional WAAS
related projects, 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:
Tony Murfin (403) 295-4512
Investor Contact: Sonia Ross (403)
295-4532
# # #
Source : http://www.prweb.com/releases/2005/7/prweb258117.htm