Calgary, AB — June 9, 2011 — (TSX: HEM) Today Hemisphere GPS announced the supply of its Crescent GPS technology and components to TechGeo, an innovative company that was the first to manufacture geodetic GPS receivers in Brazil.
TechGeo, a leading manufacturer of geodetic GPS solutions based in Juiz de Fora, Brazil, integrated Hemisphere GPS’ proven Crescent GPS engine into a feature-packed smart antenna product, named Zênite. The portable all-in-one GPS receiver combines the Crescent GPS board with a high performance GPS antenna, Bluetooth communication, internal memory, tilt sensors, battery and more. The automated data recording and other unique features of Zênite make it simple to set up and operate for precise land surveying and mapping applications.
“The performance and reliability of Crescent GPS made it a perfect match for Zênite, our new generation of smart antenna,” said Marcos Stenner, General Director at TechGeo. “Our customers will appreciate the combination of accuracy, portability and ease of use for their positioning applications.”
With over 100,000 boards sold, Hemisphere GPS’ Crescent GPS board provides sub-meter differential GPS positioning and measurements that can be processed to centimeter-level accuracy. TechGeo offers packages with multiple Zênite receivers and post-processing software to provide the ultimate value to surveyors that are establishing survey control points or creating precise maps.
“We are pleased to have the opportunity to work with TechGeo and their new GPS smart antenna product,” says Phil Gabriel, Vice President and General Manager of Precision Products at Hemisphere GPS. “TechGeo has an excellent reputation among Brazilian GPS customers and we are proud they chose to integrate our technology into their latest product. Brazil is a fast growing market for Hemisphere GPS overall as we are projecting a 3 fold increase in Brazilian revenues this year.”
TechGeo’s Zênite GPS smart antenna is now available for purchase through the TechGeo dealer network throughout Brazil. For more information on Hemisphere GPS and the Crescent GPS OEM board, please visit www.hemispheregps.com
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TechGeo is a leader and innovative company in GPS (Global Positioning System) technology with more than 10 years of experience. Located in Juiz de Fora, TechGeo was the first company to manufacture a single-frequency geodetic GPS receiver in Brazil. In 2004, TechGeo incorporated wireless Bluetooth® technology into its already successful GPS product line. Besides providing the leading solutions in positioning technology, TechGeo has also developed programs to create the most complete and satisfying service to its customers. The company received the Master Award in Science and Technology from the Institute for Studies and Research Quality (IEPQ) for its leading product performance and customer satisfaction. For more information about TechGeo, please go to www.techgeo.com.br.
About Hemisphere GPS
Hemisphere GPS designs and manufactures innovative, cost-effective GPS (GNSS) 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.
The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Hemisphere GPS’ control, including: the impact of general economic conditions, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to the announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Hemisphere GPS’ actual results, performance or achievement could differ materially from those expressed in, or implied by these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceed, that Hemisphere GPS will derive there from.
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