NovAtel Inc.
NASDAQ : NGPS

NovAtel Inc.

January 17, 2006 18:31 ET

NovAtel Inc. Announces GSA Contract Award

CALGARY, ALBERTA--(CCNMatthews - Jan. 17, 2006) - NovAtel Inc. (NASDAQ:NGPS), a precise positioning technology company, announced that it has received a U.S. General Services Administration (GSA) contract award, effective January 15, 2006. The GSA is a central management agency that sets U.S. Federal policy in areas including Federal procurement, providing a one-stop shopping source to meet all Government purchasing needs.

According to Graham Purves, NovAtel's Vice President, Sales, "The GSA's approved products and services are a reliable source for Federal procurement groups, allowing them to complete purchases quickly and efficiently by eliminating the contract bid process. With the GSA contract award, NovAtel products are now available to all U.S. Federal purchasers through an expedited ordering process."

About NovAtel

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 is also the principal supplier of reference receivers to national aviation ground networks in the US, Japan, Europe, China and India. 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.

Certain statements in this news release, including those about the Company's prospects for US Federal procurement, 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 the Company's joint venture Point, Inc. ("Point"), impact and timing of large orders, U.S. dollar to Canadian dollar exchange rate fluctuations, establishing and maintaining effective distribution channels, timely launch of new products, certification and market acceptance of NovAtel's new products, impact and timing of large orders, credit risks of customers and the Company's joint venture Point, pricing pressures in the market and other competitive factors, maintaining technological leadership, timing of revenue recognition in connection with certain contracts, the ability to maintain supply of products from subcontract manufacturers, the procurement of components to build products, product defects, the impact of industry consolidations, vulnerability to general economic, market and business conditions, competition, environmental and other actions by governmental authorities, reliance on key personnel and other factors described in the Company's 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.


Contact Information

  • NovAtel Inc.
    Graham Purves
    (403) 295-4964
    or
    NovAtel Inc.
    Sonia Ross
    Investor Contact
    (403) 295-4532
    Website: www.novatel.com