SOURCE: GloNav Inc.

May 15, 2007 04:00 ET

GloNav to Present at the Oppenheimer Mobility: Moving Beyond Voice Conference

CEO Bill McLean to Discuss How GloNav's DynaTrak Technology Is Lending a Seamless Consumer Experience to Mobile Location-Based Services

NEWPORT BEACH, CA -- (MARKET WIRE) -- May 15, 2007 -- GloNav Inc., a fabless semiconductor company developing global positioning system (GPS) and other satellite navigation solutions, today announced it will present at the Oppenheimer Mobility: Moving Beyond Voice Conference on May 15, 2007, at the Jolly Hotel - Madison Towers in New York City. GloNav Chief Executive Officer Bill McLean will participate in the Enabling Technologies panel, presenting an overview of the company, products and market opportunity. Following his presentation, McLean will be available to meet with investors.

"The mobile communications market is more exciting than ever, as we expand from voice-driven applications to content-rich features, such as location-based services (LBS)," McLean said. "This marketplace migration is creating opportunities for GloNav to embed our GPS solutions into wireless handsets, personal navigation device (PND) and other consumer electronics devices worldwide."

Since its launch in July 2006, GloNav has raced from a standing start to first customer shipments in less than nine months, less than half the average time for semiconductor start ups. GloNav achieved this milestone with the GNS4540, the industry's lower-power, highest-sensitivity Assisted-GPS (A-GPS) system solution. The GNS4540 is in design or final consideration with multiple original equipment manufacturers (OEMs) and original design manufacturers (ODMs) in the PND, cellular handset and digital camera markets.

About GloNav's DynaTrak Technology

At the core of the GNS4540 is GloNav's DynaTrak™ advanced tracking and multipath algorithms that provide best-in-class tracking sensitivity, accuracy and robustness for a seamless consumer experience. When other solutions dropout -- deep indoors, in urban canyons, transitioning from strong to weak signals, or from in-vehicle to pedestrian operation -- DynaTrak rapidly adjusts to the dynamic signal environment, allowing the receiver to track continuously and accurately.

About GloNav Inc.

GloNav Inc., headquartered in Newport Beach, Calif., is a fabless semiconductor company developing global positioning system (GPS) and other satellite navigation technologies and products. The company has the longest heritage of GPS technology in the semiconductor industry -- more than 20 years -- and leverages this into the highest-sensitivity, lowest-power and fastest time-to-first-fix (TTFF) semiconductor solutions available for the wireless handset and mobile consumer electronics device markets. Visit us online at www.glonavgps.com.

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