With the latest version 2.31 release, all ProPak-LBplus products will have the combined capability to receive the Omnistar XP and Omnistar HP services. Users can then purchase an Omnistar subscription for the service most appropriate for their requirements.
NovAtel is offering introductory pricing on new ProPak-LBplus units enabled with either of the XP or HP services, sold as of November 22, 2005. NovAtel's ProPak-LB+XP/HP will be available for US$5495, packaged with a dual-frequency GPS-702L antenna. NovAtel is also offering its ProPak-LB+VBS for US$3495, including antenna.
OmniSTAR is offering a free 60-day XP subscription for North American customers in conjunction with NovAtel's promotional pricing. This trial subscription must be completed by the end of February, 2006, and is only applicable to new ProPak-LBplus units purchased from NovAtel after November 22, 2005.
The ProPak-LBplus is a high-performance positioning engine designed for easy integration. Coupled with NovAtel's GPS-702L antenna, the ProPak-LB+XP service provides autonomous 15 centimeter-level accuracy, even in the most challenging environments. This level of accuracy is achieved without the additional cost or inconvenience of a user base station and radio link.
"This new product offering gives the real time kinematic (RTK) GPS user a fully portable 15 centimeter-level positioning system. This is ideal for applications like Geographic Information Systems (GIS) data collection, precision agriculture and unmanned systems," said Pat Fenton, Chief Technology Officer for NovAtel. "It also supports NovAtel's commitment to provide our customers with better precise positioning solutions that help them to stay competitive in their market sector."
The ProPak-LBplus is powered by NovAtel's OEM4-G2 receiver - a small, high performance, dual frequency GPS engine featuring patented Pulse Aperature Correlator (PAC) multipath reduction technology. The complementary dual frequency GPS-702L antenna takes advantage of Pinwheel(TM) technology to enhance multipath rejection. Signals arriving from low elevation angles are attenuated, virtually eliminating positioning errors due to poor signal reflections.
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. NovAtel, an ISO 9001 certified 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.
OmniSTAR, Inc. is a sister company of John E. Chance and Associates and part of the Fugro Group, one of the world's foremost survey service companies. OmniSTAR's involvement in precise positioning goes back over 20 years. With the advent of GPS, OmniSTAR, Inc. has built on this expertise in satellite technology and precise geo-location to develop a continent-wide Differential GPS service incorporating a proprietary "Virtual Base Station" wide area differential solution which provides unequalled accuracy. For information on OmniSTAR, visit www.omnistar.com.
Certain statements in this news release, including those about the Company's future plans and intentions regarding its ProPak-LPplus product, 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 Point, impact and timing of large orders, US 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 Point, pricing pressures in the market and other competitive factors, maintaining technological leadership, timing of revenue recognition in connection with certain contracts, actions by governmental authorities, and other factors described in our Form 20-F for the year ended December 31, 2004 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.
NOVATEL INC. (Nasdaq: NGPS)
NovAtel Inc. Graham Purves (403) 295-4964 OR NovAtel Inc. Sonia Ross Investor Contact (403) 295-4532 Website: www.novatel.com