Product category: Wireless Communications
News Release from: Hemisphere GPS
Edited by the Electronicstalk Editorial Team on 17 May 2007
New name reflects GPS focus
CSI Wireless has officially changed its name to Hemisphere GPS
At its annual general meeting held in Calgary on 9th May 2007, shareholders voted to accept the name change in support of the company's renewed focus on the strengths of its GPS business. In conjunction with the name change, the company's corporate website and e-mail domain name has been changed to hemispheregps.com.
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The name change communicates the re-emergence of a pure-play GPS company following the discontinuance of the company's wireless businesses in 2006.
Hemisphere GPS is serving the growing demand for accuracy and machine control applications and owns various product brands including Crescent GPS and Outback Guidance.
Record GPS sales were reported for the first quarter of 2007, partly driven by Hemisphere GPS's reputation for high quality, high value products and performance.
'The decision to focus exclusively on GPS was made based on the strengths of our GPS technology and products, and our market share leadership and sound industry reputation in our key markets of ground agriculture, air and marine', stated Steve Koles, President and CEO of Hemisphere GPS.
'We are already leveraging these strengths as the long term forecasts for these industries are very positive'.
'We are diligently preparing for the anticipated demand'.
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