NovAtel Inc.
NASDAQ : NGPS

NovAtel Inc.

December 20, 2007 18:03 ET

NovAtel Inc. Voluntarily Delists from the Nasdaq Global Select Market

CALGARY, ALBERTA--(Marketwire - Dec. 20, 2007) - NovAtel Inc. (NASDAQ:NGPS) has voluntarily delisted from the Nasdaq Global Select Market effective today as a result of the completion of the compulsory acquisition of NovAtel's remaining outstanding common shares by Hexagon Canada Acquisition Inc., a wholly-owned direct subsidiary of Hexagon AB (OMX:HEXAB).

Hexagon AB is a global technology group with strong market positions within measurement technologies and polymers. Hexagon's vision is to be number one or number two in each strategic business area. The group has about 9,400 employees in 30 countries and net sales of about 14,000M SEK. For more information, visit www.hexagon.se.

NovAtel Inc. is a leading provider of precision Global Navigation Satellite System (GNSS) components and subsystems that afford its customers rapid integration of precise positioning technology. The Company's mission is to provide exceptional return on investment and outstanding service to its customers. An ISO 9001 certified company, NovAtel is focused on developing quality OEM products including receivers, antennas, enclosures and firmware that are integrated into high precision positioning applications worldwide. These applications include surveying, Geographical Information System (GIS) mapping, precision agriculture machine guidance, port automation, mining, marine and defence industries. NovAtel's reference receivers are also at the core of national aviation ground networks in the USA, Japan, Europe, China and India. The Company is committed to providing its customers with advanced positioning technology through significant R&D investment focusing on the modernized Global Positioning System (GPS), the revitalized Russian GLONASS and the emerging European Galileo satellite systems, as well as the integration of additional complementary technologies such as Inertial Measurement Units (IMUs). For more information, visit www.novatel.com.

Contact Information

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