Also Named Finalist for the ASTech Leadership Foundation Award
Calgary, AB — September 25, 2008— (TSX: HEM) Hemisphere GPS, a leading designer and manufacturer of advanced GPS products, was honored with the Deloitte Technology Green 15 Award at a ceremony in Calgary last night. The award recognizes companies creating innovative, important, and economically viable intellectual property in the burgeoning field of green technology. Deloitte Technology Green 15 companies are judged on technology solutions that deliver both a significant environmental impact and a compelling return on investment for their clients. Growers who utilize Hemisphere GPS ground agriculture Outback Guidance® technology realize a significant return on their investment. These products enable them to apply seed, fertilizer, and chemicals with precision; thus reducing overall input costs and waste. In turn, these savings have a positive impact on the environment as less fuel is utilized, fewer vehicle emissions are released and less chemicals are applied.
Also, Hemisphere GPS was named finalist for the Alberta Science and Technology (ASTech) Leadership Foundation Award for its outstanding commercial achievement in science and technology. The ASTech Awards are among the highest honors available to individuals and organizations whose outstanding work has had an impact on science, technology, business, medicine, the environment and the lives of people in Alberta and all over the world. The Award winners will be announced at the 2008 ASTech Gala on October 24, 2008, in Edmonton, Alberta.
“These awards represent our continued team effort to develop products and technology that offer a great value to our customers and partners, and have a positive environmental impact,” said Steven Koles, President and CEO of Hemisphere GPS. “We are honored and proud to receive these recognitions and to be in the company of several outstanding finalists and winners.”
Hemisphere GPS also enjoyed recognition in a number of awards recently. Earlier this year, Hemisphere GPS was recognized as one of Alberta’s Fast 50 by Alberta Venture magazine, and earlier this month, the company’s President and CEO was named one of Calgary’s Top 40 Under 40 by CalgaryInc magazine.
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. Hemisphere GPS trades on the Toronto Stock Exchange under the symbol “HEM” and is a component of Standard & Poor’s TSX SmallCap Index. 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.