Hemisphere GPS Expands OEM Agreement with ComNav for Vector G1 GPS Satellite Compass |
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Hemisphere GPS
4110 9th Street S.E.
Alberta, T2G 3C4
Canada
Press release date: November 16, 2010
AMSTERDAM, THE NETHERLANDS - November 16, 2010 -- (TSX:HEM) Today, from the METS 2010 exhibition, Hemisphere GPS expanded its multi-million dollar OEM agreement with ComNav Marine Ltd. ofVancouver, Canada. Hemisphere GPS will manufacture the world's smallest (42 cm) GPS compass available on the market today under a private branding agreement for ComNav Ltd. The Vector G1 GPS satellite compass will be sold with ComNav's autopilot, radars and chart plotter solutions for pleasure boats and light commercial vessels.
Based on Hemisphere GPS' patented Crescent® Vector(TM)II technology, Vector G1 calculates reliable heading accuracy of 0.75 degree and 60 centimeter positioning with SBAS corrections while providing heave, pitch, and roll output messages through an integrated tilt sensor and gyro system. Vector G1 supports both NMEA 0183 and NMEA 2000 interface standards making it compatible with all connectivity standards found on today's vessels.
"Hemisphere GPS' commitment to innovation has advanced the precision and reliability of our autopilot and AIS systems for safe marine navigation," says Shafiq Gulamani, President of ComNav Marine Ltd. "The Vector G1 GPS Satellite compass is a unique product that gives our customers unmatched accuracy in an extremely small package."
Today ComNav unveiled the new Vector G1 GPS satellite compass at the Marine Equipment Trade Show (METS) in Amsterdam, The Netherlands. Hemisphere GPS will ship Vector G1 GPS compasses to ComNav in volume beginning early in the first quarter of 2011.
"We are pleased to expand our relationship with ComNav," says Phil Gabriel, Vice President of Precision Products for Hemisphere GPS. "ComNav is a valuable OEM customer of Hemisphere GPS and we are proud to have our technology integrated into their precision autopilot solutions."
About Hemisphere GPS
Hemisphere GPS designs and manufactures innovative, cost-effective GPS products for positioning, guidance, and machine control applications in agriculture, marine, construction, and other markets. The Company holds numerous patents and other intellectual property and owns several leading brand names, including Outback Guidance®, a leading brand in precision GPS for agriculture. The Company is headquartered in Calgary, Alberta, with major product development, sales, and marketing facilities in Arizona, Kansas, and Australia. Hemisphere GPS is listed on the Toronto Stock Exchange (TSX) trading under the symbol "HEM" and is one of the TSX Cleantech designated companies. For more information about Hemisphere GPS, please go to www.hemispheregps.com.
About ComNav Marine Ltd.
Headquartered in Vancouver, Canada, ComNav Marine Ltd. is one of the largest privately held marine autopilot manufacturers in the world. ComNav provides a full range of professional electronic navigation systems for a variety of marine crafts including fishing vessels, recreational boats, tug boats, ferries, naval vessels, mega yachts, government fleets and freighters. The firm's reputable products are channeled through a worldwide distribution network that spans over 120 countries.
For more information, please contact: Phil Gabriel Vice President and General Manager, Precision Products Hemisphere GPS Phone: (480) 348-6325 E-mail : pr@hemispheregps.com www.hemispheregps.com
Cory Pala Investor Relations E.vestor Communications Inc. (416) 657-2400 InvestorRelations@hemispheregps.com
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