Rio de Janeiro, Brazil — August 11, 2010 — (TSX: HEM) Today, from the Navalshore exhibition in Rio de Janeiro, Brazil, Hemisphere GPS announces the supply of its LV101 GPS compass to TECHNOMASTER.
TECHNOMASTER, a marine electronics engineering firm based in Sao Leopoldo, Brazil, integrated Hemisphere GPS’ new LV101 GPS compass into a state-of-the-art marine navigation auto-pilot system. The LV101 GPS compass is paired with TECHNOMASTER’s exclusive navigation technology to create an auto-pilot system suitable for large vessels and small pleasure crafts.
“The LV101’s ability to provide our auto-pilot system with accurate and reliable heading as well as sub-meter positioning make it an integral component of our solution,” says Edilar Predabon, Director of Engineering at TECHNOMASTER. “We find that its unique all-in-one design allows for simple installation into our custom auto-pilot applications.”
The LV101 GPS Compass is powered by Hemisphere GPS patented Crescent® Vector™ technology and integrates two GPS antennas, a NMEA 2000® communication processor, a single-axis gyro, two tilt sensors, and a power supply into a single OEM board package. The GPS based compass is a viable alternative to traditional gyro and fluxgate compass sensors as it is immune to magnetic interference typically present on marine vessels.
“We are pleased to have the opportunity to work with TECHNOMASTER and their new auto-pilot system,” says Phil Gabriel, Vice President and General Manager of Precision Products at Hemisphere GPS. “TECHNOMASTER is an extremely innovative company and we are proud they chose to integrate our technology into their latest system.”
TECHNOMASTER’s auto-pilot system is now available for purchase and is currently being displayed at Navalshore 2010 in Rio de Janeiro, Brazil from August 11-13, 2010. For more information on Hemisphere GPS and the LV101 GPS compass, please visit www.hemispheregps.com
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 from.