Newest member of CSI’s family of DGPS receivers has attracted several initial purchase orders
Toronto Stock Exchange Symbol: CSY www.csi-wireless.com
CALGARY, April 20, 2004 – (TSX:CSY): CSI Wireless Inc., a designer and manufacturer of advanced wireless and GPS products used in more than 40 countries, today announced the introduction of PowerMAX, a Differential GPS (DGPS) receiver with built-in Bluetooth(R) wireless technology. Thanks to Bluetooth(R), the PowerMAX communicates wirelessly with the user’s computer or hand-held computing device – eliminating the need for a hard-wired data link between the devices.
The PowerMAX, which CSI unveiled today in Nashville, Tennessee during the annual American Congress on Surveying and Mapping (ACSM), is primarily aimed at the Geographic Information Systems (GIS) & Mapping market. However, the product’s wireless technology may be used in any industry to simplify communication between devices.
In GIS & Mapping, the PowerMAX improves system ergonomics for surveyors, utilities and forestry personnel, field engineers and other professionals by reducing their cable connection requirements.
The PowerMAX is the world’s first affordable, professional mapping-grade receiver featuring Bluetooth(R) wireless technology. It features the same dependability and value for which other members of CSI’s MAX family of DGPS receivers – the DGPS MAX and the mini MAX – are renowned.
"PowerMAX is the next generation in our family of DGPS receivers, and an ideal marriage of our expertise in both Differential GPS and wireless
technology, said Stephen Verhoeff, CSI’s President and CEO. "We have already received several purchase orders for the PowerMAX – including one from 3D Marketing, a leading U.S. government supplier – and we will begin shipping our first units later this quarter."
The PowerMAX’s DGPS capability means that in addition to standard GPS signals, it receives accuracy-enhancing Differential signals to achieve sub- metre positioning accuracy. The PowerMAX can receive DGPS signals from ground-based beacon stations, and from space-based augmentation systems – including the U.S. Wide Area Augmentation System (WAAS), Europe’s EGNOS, and Japan’s
MSAS.
The PowerMAX also features CSI’s exclusive COAST(TM) technology that enables a receiver during signal outages to use old location data for a half hour or longer without significant deterioration of positioning accuracy.
About Bluetooth(R)
Bluetooth(R) wireless technology offers a low-cost method of wirelessly connecting mobile devices over short distances, typically a few metres. The PowerMAX, when equipped with CSI’s PocketMAX software that works with all of CSI’s MAX products, uses Bluetooth(R) wireless technology to enable users to wirelessly configure the receiver and conduct cable-free data-logging functions in the field. The Bluetooth trade mark is owned by Bluetooth SIG, Inc. and is under license to CSI Wireless Inc.
About GPS
The Global Positioning System (GPS) is a constellation of 24 U.S.
government satellites that circle 13,000 miles or 22,000 kilometres above Earth. A ground-level GPS receiver, using pre-programmed data, knows where each satellite is in its orbit. The receiver compares this information with the amount of time required to receive each satellite’s signals at ground level, to calculate or "triangulate" a specific geographic position on Earth. The accuracy of GPS can be significantly enhanced via corrective Differential GPS signals, from ground-based beacon stations or space-based augmentation systems.
About CSI Wireless
With offices in Calgary, Silicon Valley, and Phoenix, CSI Wireless
designs and manufactures innovative, cost-effective, wireless and GPS products for mobile and fixed applications in the agriculture, marine, automotive and other markets. CSI is a leader in several emerging high-growth markets including Precision Guidance in Agriculture, Consumer Telematics and Fixed Wireless Telephones. The Company owns numerous patents and intellectual property relating to wireless and GPS technologies. It has licensed its cellular technology to GPS, cellular handset, and chipset manufacturers. The company’s common shares trade on The Toronto Stock Exchange under the trading
symbol "CSY", with approximately 27 million outstanding. For more information about CSI Wireless, go to www.csi-wireless.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 CSI Wireless’s 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. CSI
Wireless’s 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 CSI Wireless will derive therefrom.
For further information:
– Stephen Verhoeff, President & CEO, CSI Wireless Inc., 403-259-3311, sverhoeff@csi-wireless.com;
– Corbet Pala, Investor Relations, E-vestor Communications Inc., 416-657-2400, cpala@e-vestorcom.com
– Jeff Adams, Public Relations Manager, CSI Wireless Inc., 403-259-3311/615-8747 (cell), jadams@csi-wireless.com