NovAtel Inc.

NovAtel Inc.

March 08, 2005 16:00 ET

NovAtel Inc. Awarded Contract for SBAS Equipment for Indian GAGAN Program


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NOVATEL INC.

Nasdaq SYMBOL: NGPS

MARCH 8, 2005 - 16:00 ET

NovAtel Inc. Awarded Contract for SBAS Equipment for
Indian GAGAN Program

CALGARY, ALBERTA--(CCNMatthews - March 8, 2005) - NovAtel Inc.
(NASDAQ:NGPS), a precise positioning technology company, announced today
that an order for additional Space Based Augmentation System (SBAS)
equipment was received from Raytheon Company (NYSE: RTN) in support of
the Indian GAGAN program.

This latest contract with Raytheon follows on from an award to Raytheon
by the Indian Space Research Organization (ISRO) of a contract for the
ground-based elements of the GPS and GEO (Geostationary Earth Orbit)
Augmented Navigation (GAGAN) Technology Demonstration System (TDS), in
November 2004. NovAtel will supply receiver elements of these
ground-based elements, which will be included in eight Indian reference
stations, an Indian master control center, and an Indian land uplink
station.

According to Raytheon, "GAGAN-TDS, a cooperative effort between Raytheon
and ISRO, will usher in a new era in civil navigation through use of the
space-based augmentation system. When completed, GAGAN will augment the
standard positioning signals from the GPS satellites with an additional
signal to improve the accuracy, integrity, continuity, and availability
of the aircraft receiver. The GAGAN project is part of a world-wide
movement toward space-based navigation, which has been endorsed by the
International Civil Aviation Organization. It will increase safety and
efficiency by allowing precision approaches to all airports and direct
routing between destinations."

NovAtel has developed and produced the new SBAS reference receiver for
use in the US WAAS network under contracts with Raytheon Company over
the past two years. Deliveries of this equipment have been underway for
approximately 18 months and the equipment is being fielded to expand the
existing ground network in Alaska, Canada and Mexico.

According to Tony Murfin, NovAtel's Vice President, Business
Development, "NovAtel is pleased to be an important part of the Indian
GAGAN program. With the successful completion of this initial GAGAN test
project, India will join the US, Canada, Mexico, Europe, Japan and China
as one of the countries operating NovAtel SBAS reference receiver
equipment, and will be the first outside the US to receive the latest
generation of NovAtel reference receiver equipment."

This equipment is scheduled to ship to Raytheon during the first half of
this year.

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 expected shipments into the Gagan program, 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
    (403) 295-4532
    Website: www.novatel.com