Calgary, AB — August 11, 2008 — (TSX: HEM) Hemisphere GPS has entered into a contractual agreement in which it will supply CPAC Systems AB custom-built LV100™ GPS Compasses. The LV100 is a complete GPS compass and positioning assembly utilizing a unique patent-pending design featuring a single carrier board with integrated GPS antennas.
“We are pleased to have this opportunity to work with CPAC Systems AB,” said Phil Gabriel, Hemisphere GPS General Manager of Precision Products. “We are proud that the LV100 GPS Compass will be a part of the cuttingedge products produced by CPAC Systems.”
The LV100 GPS Compass is powered by the Hemisphere GPS patented Crescent® Vector™ technology, and integrates two GPS antennas, an NMEA 2000® communication processor, a single-axis gyro, a tilt sensor, and a power supply into a single system. It is an alternative to traditional gyro and fluxgate compass sensors, providing precise positioning and speed measurements while being immune to magnetic interference typically present on marine vessels. The dual integrated antennas provide both heading and position data, and the gyro and tilt sensor improve system performance and provide backup heading information, if the GPS-based heading is ever lost.
The LV100 GPS Compass will be incorporated into CPAC’s state-of-the-art embedded control system for “steerby-wire”. “The LV100 GPS Compass’ ability to provide accurate and reliable heading and sub-meter positioning will be an integral add-on to our technology platform for marine and industrial applications,” said Richard Berkling, CEO of CPAC Systems AB.
About CPAC Systems AB
CPAC Systems AB, a wholly-owned subsidiary of AB Volvo and based in Gothenburg, Sweden, is a world-class integrator of embedded control systems for marine vessels. They produce electronic control systems for vehicles that operate in harsh environments, both at sea and on land. They provide vehicle control through computer networks which provide easy installation, flexible solutions, cost-effective and robust design, and reliable well-tested performance. Their systems include hardware, embedded software and technical support, with focus on safety-critical functionality with an installed marine customer base of about 90,000 boats worldwide. Their largest customer, Volvo Penta is a world-leading supplier of engines and complete power systems for marine and industrial applications.
About Hemisphere GPS
Hemisphere GPS designs and manufactures innovative, cost-effective GPS products for positioning, guidance, and machine control applications in agriculture, marine and other markets. The Company holds numerous patents and other intellectual property and owns leading brand names, including Outback Guidance® and BEELINE®, two of the leading brands in precision GPS for ground agriculture. The Company is headquartered in Calgary, Alberta, with major product development, sales, and marketing facilities in Arizona, Kansas, Texas, and Australia. 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.