Aberdeen, Scotland — June 19, 2007 — (TSX: HEM) Today, Hemisphere GPS, the industry leader in GPS compass products, introduced its new Crescent® V100™ and V110™ GPS Compasses at the OCEANS Conference and Tradeshow in Aberdeen, Scotland. These all-in-one Vector products incorporate Hemisphere GPS’ Crescent Technology to provide precision heading and positioning for marine navigation and a variety of other applications. Crescent V100 Series GPS Compasses are practical, affordable, accurate, and reliable alternatives to traditional gyro compasses.
Crescent V100 Series boasts a rugged and maintenance-free smart antenna design. It combines Hemisphere GPS’ Crescent Vector™ board and two multipath-resistant antennas, all housed in a half meter length enclosure for simple installation and portability. Crescent V100 Series provides better than 0.3° heading accuracy and includes SBAS (WAAS, EGNOS, etc.) differential capable of providing better than 60 cm positioning accuracy. Crescent V110 incorporates a beacon differential option. Both models feature integrated gyro and tilt sensors, which deliver faster startup times, smoothed heading output and continuous heading updates for up to 3 minutes during temporary loss of GPS signals. Hemisphere GPS’ exclusive COAST™ technology is also included in order maintain sub-meter positioning during temporary loss of differential signal.
Given the solid reputation of their Vector products, Hemisphere GPS anticipates that Crescent V100 Series will be very well received by consumers. Deputy Port Hydrographer for the Port of London, John Dillon-Leech stated, “Our Hemisphere GPS Vector systems provide excellent performance and reliability. We look forward to using the new V100 receivers.”
“Our newly improved Crescent V100 Series GPS Compass has tremendous market potential as a replacement or augmentation for traditional fluxgate and gyro compasses,” stated Steven Koles, President and CEO of Hemisphere GPS. “The fluxgate and gyro compass market is sizable, with over 30,000 units sold annually, or about $60 million in sales. GPS compasses are being implemented in naval applications in greater rates, as integrated bridges with central consoles require accurate and reliable heading inputs for navigation and autopilots. With Hemisphere GPS’ proven ability to quickly develop and deliver a variety of high-value GPS solutions, we are well positioned to take advantage of this lucrative market.”
Please visit Hemisphere GPS at the OCEANS Conference and Tradeshow in Aberdeen, Scotland, from June 19th – 21st. Crescent V100 Series and the other latest Hemisphere GPS products will be on display in the Saderet Limited booth (Stand 24).
About Hemisphere GPS
Hemisphere GPS, Inc. (formerly CSI Wireless Inc.), designs and manufactures innovative, cost-effective GPS products for positioning, guidance, and machine control applications in agriculture, marine and other markets. The Company owns leading brand names, numerous patents, and other intellectual property. The Company is headquartered in Calgary, Alberta, with major product development, sales, and marketing facilities in Arizona, Kansas, and Texas. For more information about Hemisphere GPS 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 therefrom.
