Product category:
Embedded Software and Operating Systems
News Release from: Cambridge Positioning Systems
Edited by the Electronicstalk Editorial
Team on 28 May 2004
CPS locates more funds
Cambridge Positioning Systems has raised an additional US $9 million from its existing investors to drive global take-up of its unique Matrix mass-market high accuracy location technology.
Cambridge Positioning Systems has raised an additional US $9 million from its existing investors to drive global take-up of its unique Matrix mass-market high accuracy location technology More than 10 mobile operators worldwide are undertaking trials of the unique Matrix software solution - which provides sub-100m accuracy in all environments, rapid time-to-fix and costs less than $1 per handset to deploy
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.
As well as serving the billion customer-strong GSM market, CPS also offers high accuracy solutions for 3G and vertical enterprise markets.
CPS recently announced that it is to integrate Matrix technology into offerings from Hewlett Packard, Andrew Corporation and major Chinese equipment vendor ZTE.
Existing investors, including 3i, Argo Global Capital, Prelude Trust and Alta Berkeley, have invested.
The new money will support new products and strengthen joint development programmes with existing and potential partners.
Chris Wade, CPS Chief Executive Officer, said: "Right now, we are seeing an explosion in demand for our technology".
"Currently, we are actively trialling Matrix technology with major operators in 10 locations around the world - with more planned for the second half of the year".
"At the same time, we are making significant progress with equipment vendors and solutions providers to integrate Matrix into their offerings.
"We are delighted our investors have made this significant endorsement of our ambitious product development and marketing plans".
"Their investment will ensure that CPS continues to have the firm foundations for future growth".
Chairman John Scarisbrick said: "Clearly Matrix transforms the economics of location based services with an industry leading combination of high accuracy and low cost on an open platform".
"This investment gives the company the resources necessary to fully exploit this advantage".
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