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Trimble Enters into Definitive Agreement to Acquire OmniSTAR Business Assets for Land Applications
OmniSTAR provides space-based GNSS correction services that can improve the accuracy of a GNSS receiver for precise positioning applications. Currently, there are four levels of OmniSTAR service: "VBS" offering sub-meter positioning, "XP" delivering better than 20 centimeter accuracy and "HP" delivering greater than 10 centimeter accuracy. In addition, the new OmniSTAR "G2" service combines GPS plus GLONASS based corrections to provide decimeter level positioning.
Trimble pioneered RTK technology in the early 1990s, which enabled high-accuracy corrections for field applications. RTK is now recognized as the industry leading technology for centimeter-level positioning. To further improve accuracy Trimble subsequently introduced VRS™ technology in 2000 and shortly after that, Trimble VRS Now™ Service.
"With the addition of the OmniSTAR services and our strong relationship with
"Trimble and OmniSTAR have enjoyed a long standing relationship," said
The OmniSTAR business will be reported as part of Trimble's Engineering and Construction segment.
About OmniSTAR and
OmniSTAR is a wide-area differential GPS service, using satellite broadcast techniques. For the sub-meter service, data from many widely-spaced Reference Stations is used in a proprietary multi-site solution over most land areas worldwide. The high-accuracy HP solution uses more sophisticated data from these reference sites and XP uses satellite orbit and clock correction data which is independent of reference site location.
For more than 25 years, OmniSTAR has been involved in precise positioning. In the mid-1980's, before GPS was fully operational, the precursor of OmniSTAR provided
OmniSTAR is a member of the
For more information, please visit: www.omnistar.com.
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in
For more information, visit Trimble's Web site at: www.trimble.com.
Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to, the satisfaction of conditions to closing the asset purchase and the timing of such closing; Trimble's ability to significantly expand its worldwide correction services and to provide more options to professional customers that satisfy their needs; and maintain commercial agreements with customers, and with
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