NovAtel Inc.
NASDAQ : NGPS

NovAtel Inc.

July 05, 2005 07:30 ET

NovAtel Inc. Launches New RoHS Compliant GPS & L-Band Antenna

CALGARY, ALBERTA--(CCNMatthews - July 5, 2005) - NovAtel Inc. (NASDAQ:NGPS), a precise positioning technology company, announced the release of its latest GPS and L-Band antenna - the GPS-702L. This antenna features improved Real-time Kinematic (RTK) performance and offers access to the GPS L1 and L2 frequencies, as well as the L-band frequencies used by OmniSTAR and Canada-wide Differential GPS (CDGPS) correction services.

The GPS-702L is also NovAtel's first Restriction on Hazardous Substances (RoHS) compliant GPS antenna, meeting the European Economic Union (EEU) directive to reduce the hazardous materials content in electronic products. The RoHS directive is a legal document issued by the EEU in February 2003. The directive in general bans new electronic equipment from being sold in Europe after July 1, 2006 if it contains more than trace levels of lead, hexavalent chromium, cadmium, mercury or certain brominated flame-retardants. NovAtel expects all future OEM products to be RoHS compliant.

According to Pat Fenton, NovAtel's Chief Technology Officer, "With improved RTK performance and RoHS compliance, NovAtel has proven once again that it can respond quickly to evolving customer needs. We believe it is important to ensure that the NovAtel components our customers are integrating into their applications today will be viable in the future."

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 future plans and intentions regarding RoHS compliance, 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.

Contact Information

  • NovAtel Inc.
    Pat Fenton
    (403) 295-4539
    or
    NovAtel Inc.
    Sonia Ross
    Investor Contact
    (403) 295-4532
    Website: www.novatel.com