CALGARY, Nov. 21, 2011 /CNW/ - (TSX:HEM) Today, Hemisphere GPS expanded
its multi-year OEM agreement with Navico Inc., the world's largest
marine electronics company. Hemisphere GPS is supplying Navico with the
industry's smallest (42 cm) GPS compass, which will be privately
branded Simrad HS70. Simrad HS70 GPS compass will be sold with Navico's
AP70, AP35 and AP50 autopilots for pleasure boats, yachts and
Based on Hemisphere GPS' patented Crescent® Vector™II technology, HS70 calculates reliable GPS heading accuracy of
0.75 degree and 50 centimeter GPS positioning accuracy with SBAS
corrections while providing heave, pitch, and roll output messages
through an integrated tilt sensor and gyro system. HS70 supports both
NMEA 0183 and NMEA 2000 interface standards making it compatible with
all connectivity standards found on today's vessels.
"Hemisphere GPS' new line of Vector GPS compass technology enhances the
accuracy and performance of our autopilot systems," says Tom Edvardsen,
Product Line Director and EVP Global R&D at Navico. "The sleek design
of Simrad HS70 makes it a great fit for our recreational customers."
Navico integrated Simrad HS70 GPS compass into its autopilot solutions
and is also selling it separately, as a standalone GPS compass, through
its worldwide dealer network.
"We are proud of expanding our OEM relationship with Navico," says Phil
Gabriel, Vice President of Precision Products for Hemisphere GPS.
"Through Navico's leading position in marine electronics, we have
further expanded our addressable marine market for GPS compass
To download a hi-res photo of Simrad HS70 GPS compass - click here
Navico is currently the world's largest marine electronics company, and
is the parent company to leading marine electronics brands: Lowrance,
Simrad and B&G. Navico has approximately 1,500 employees globally and
distribution in more than 100 countries worldwide.
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
Image with caption: "Navico's Simrad HS70 Compass by Hemisphere GPS (CNW Group/Hemisphere GPS Inc.)". Image available at: http://photos.newswire.ca/images/download/20111121_C7697_PHOTO_EN_6987.jpg
SOURCE Hemisphere GPS Inc.
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