Trimble Acquires Terralite Assets from Novariant to Expand Its Positioning Technology Portfolio
SUNNYVALE, Calif., Oct. 8 - Trimble (Nasdaq: TRMB) announced today it has acquired the Terralite assets from Novariant to expand its portfolio of positioning solutions. Financial terms were not disclosed.
The Terralite XPS technology is a scalable infrastructure that generates signals for real-time positioning to augment existing Global Positioning System (GPS) coverage. The technology uses a network of ground-based transmitter stations to broadcast a proprietary signal to one or more mobile GPS+XPS receivers. Using Terralites allow operators of GPS-enabled machines, such as drills, bulldozers, shovels and haul trucks, to receive continuous real-time positioning information in locations where conventional GPS satellite signals may be obstructed or unavailable.
"The Terralite asset acquisition expands Trimble's technology portfolio and can enable us to offer an even broader range of positioning solutions," said Bryn Fosburgh, vice president of Trimble. "The solution can improve the efficiency and productivity of surface mining and other high-value site operations challenged by limited or no GPS coverage."
GPS is a proven utility for determining positioning on the Earth's surface. However, in certain cases it requires augmentation in areas with obstructed views of the sky, such as heavily forested areas, near high walls in open pit mines, and areas with overhead obstructions such as bridges and cranes. A variety of technologies have been implemented to augment GPS, including the development of receivers that track GPS along with additional GNSS signals, and the use of optical technology, inertial systems, cellular network assisted GPS, LAN-based positioning, laser augmented GPS and others.
Operations such as open pit mining can enhance the continuity, efficiency and productivity of GPS applications by deploying the Terralite technology to have direct control of positioning coverage in their area.
The Terralite business will be reported as part of the Engineering and Construction segment.
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location--including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.
For more information, visit Trimble's Web site at: www.trimble.com.
SOURCE Trimble
CONTACT:
Investor Relations, Willa McManmon, +1-408-481-7838, willa_mcmanmon@trimble.com,
or
Media, Lea Ann McNabb, +1-408-481-7808, leaann_mcnabb@trimble.com, both of Trimble
Web Site: www.trimble.com
