Product category:
Embedded Software and Operating Systems
News Release from: Cambridge Positioning Systems
Edited by the Electronicstalk Editorial
Team on 24 January 2003
Revenue rises 60% for CPS
Cambridge Positioning Systems has recorded 60% year-on-year revenue growth following global industry adoption of its E-OTD technology.
Cambridge Positioning Systems has recorded 60% year-on-year revenue growth following global industry adoption of its E-OTD technology The company secured a number of significant sublicensing deals with major network equipment vendors and saw its new software integration facility expand rapidly as handset and chipset manufacturers sought to bring E-OTD enabled devices to market
This article was originally published on Electronicstalk on 22 Jul 2002 at 8.00am (UK)
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CPS and TTPCom help Quanta to new handset design
Taiwan-based Quanta has completed integration of E-OTD software in a GSM handset, following a tie-up with Cambridge Positioning Systems and TTPCom.
Positioning system gets closer to the mark
Cambridge Positioning Systems reckons its latest trial results show that E-OTD is making strong progress towards delivering the FCC's 2003 accuracy requirements.
Revenue growth was accompanied by strong invoicing - up 100% over the same period - with the company retaining a strong cash position going into 2003.
2002 highlights included: sublicence agreements with Ericsson, Siemens and Nortel Networks; the launch of world's first E-OTD enabled handset from Samsung; E-OTD chipset integration agreements signed with Intel and Texas Instruments; 25-plus E-OTD projects underway via new integration facility; and world first E-OTD applications trial in Singapore.
CPS Chief Executive Chris Wade said: "Despite difficult market conditions in the global wireless market, we have seen strong revenue growth coupled with increasing demand for our solutions and services".
Further reading
Software-only location technology goes on show
On show this week at the 3GSM World Congress in Cannes for the first time, Cursor Matrix is the world's first software-only high-accuracy location technology for mass-market GSM phones.
Location assistance for GSM networks
Cambridge Positioning Systems (CPS) has a new range of products to improve the performance of satellite-based high accuracy location technologies for GSM networks.
"The industry has moved forward significantly during the year - from trialling to deploying, from testing to integrating our technology.
We are now seeing E-OTD inside network and handset offerings from the major global players".
"While network sublicensing remains our major revenue generator, our integration facility, opened at the start of the year, is also making a growing contribution with 25 plus projects either completed or underway".
"For the year ahead, we see continued industry collaboration towards driving even greater E-OTD accuracy - plus significant opportunities developing for our new generation Cursor Matrix E-OTD technology which will deliver high accuracy but at up to a 70% cost saving compared to rival technologies".
"We are encouraged by global developments and demand for location technology.
A key highlight for us this year has been a major trial of high accuracy location services in Singapore - where we worked alongside Singtel, the Singapore Government and local application developers in the delivery of a successful and ongoing trial".
Robert Hook, Managing Partner of Prelude Ventures, which has been a key investor in CPS since its inception, said: "This has been an outstanding performance by the company in what has been a very difficult year for the wireless industry".
"It is clear recognition of CPS's leadership in E-OTD - providing the most advanced and best performing high accuracy low cost location technology for the expanding global GSM industry".
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