CALGARY, Feb. 10 /CNW/ - (TSX:HEM) Today, Hemisphere GPS and YTO Group
Corporation announced their OEM alliance to launch Outback Guidance
precision farming products in China. YTO, a manufacturer with over 50
years of experience, provides a series of agricultural, construction
and power machinery, vehicles and spare parts. YTO are now
complementing their farm machinery product line with Outback guidance
systems, GPS and the eDriveX™ system that will automatically steer
their farm machinery to centimeter-level accuracy. YTO has recently
been awarded a number of units in a recent tender in Heilongjiang.
Hemisphere GPS also recently displayed the Outback Guidance products on
YTO's new and largest tractor, model YTO-LA2004, at the Information and
Modern Agriculture Exposition (IMAE2010) in Beijing.
"Our customers will now be able to improve their farming practices and
efficiency through the GPS-based Outback S3 and eDriveX automated
steering system by Hemisphere GPS," says Xie Fang, Chief of Products
Management at YTO. "We added more value to our farm tractor product
line through the alliance with Hemisphere GPS."
Outback Guidance precision agriculture products by Hemisphere GPS help
to minimize costs and maximize yields. The eDriveX automated steering
solution reduces the potential for skips or overlaps and enables
farmers to apply seed and chemicals only where they are needed -
minimizing application costs and increasing productivity. Outback
Guidance products are designed to be easy to install, operate and
deliver a quick return on investment.
"Our new OEM relationship with YTO helps us build upon our position in
China's rapidly growing precision farming market," said Steven Koles,
President and CEO of Hemisphere GPS. "YTO's successful history in farm
machinery combined with one of the world's largest agriculture markets
adds up to significant potential for Hemisphere GPS."
About YTO Group Corporation
YTO Group Corporation, headquartered in Luoyang City, China, is an
extra-large comprehensive mechanical manufacturing company with
factories, subsidiaries and offices both in China and globally. The
Company, founded in 1955 and recognized as the birthplace of the first
tractor in China in 1958, was to be called the 'Kingdom of Tractors'.
After continuous efforts by several generations of staff for more than
fifty years, it has now developed into a modern enterprise which
provides a series of agricultural machinery, construction machinery,
power machinery, vehicle and spare parts & components. The YTO brand
was awarded the 'Famous Brand of China' by the China Administration for
Industry and Commerce in 1999, and won the prize of 'China Top Brand'
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.
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
SOURCE Hemisphere GPS Inc.
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