NovAtel Inc.

NovAtel Inc.

January 05, 2005 19:33 ET

NovAtel Inc. Receives Contract for Additional WAAS-GII Receivers


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NOVATEL INC.

Nasdaq SYMBOL: NGPS

JANUARY 5, 2005 - 19:33 ET

NovAtel Inc. Receives Contract for Additional WAAS-GII
Receivers

CALGARY, ALBERTA--(CCNMatthews - Jan. 5, 2005) - NovAtel Inc. (NASDAQ:
NGPS), a precise positioning technology company, announced today that an
order for additional Wide Area Augmentation System (WAAS) receivers
(WAAS-GII) was received from Raytheon Company in support of the US WAAS
Final Operational Capability (FOC) program. NovAtel anticipates
shipping the WAAS-GII receivers in the first half of 2005.

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 receivers under a
contract from Raytheon Company, first announced by NovAtel on November
5, 2003. Eighty-three WAAS-GII receivers have already been delivered to
Raytheon, and are being fielded to expand the existing ground network in
Alaska, Canada and Mexico. The new contract award for the additional
receivers will be used to further extend this network. NovAtel
estimates the value of this recent WAAS-GII contract award to be
approximately US $650,000.

According to Tony Murfin, NovAtel's VP Business Development, "With this
new contract award from Raytheon, NovAtel continues to be recognized as
the premier supplier of GPS ground reference receivers to national
satellite-based augmentation systems like the US FAA WAAS program."

The FAA's WAAS uses a system of widely dispersed ground stations to
provide integrity continuity, availability and improved accuracy to the
Global Positioning System (GPS) Standard Positioning System (SPS)
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 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.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    NovAtel Inc.
    Tony Murfin
    (403) 295-4512
    or
    NovAtel Inc.
    Sonia Ross
    Investor Contact
    (403) 295-4532
    Website: www.novatel.com