Motorola Invests in Global Locate, Inc.
SCHAUMBURG, IL and SAN JOSE, CA – 13 January 2006 – Motorola, Inc. (NYSE: MOT) and Global Locate, a privately-held GPS semiconductor, software, and services provider announced today that Motorola Ventures, the strategic equity investment arm of Motorola, Inc. made an investment in the company. Financial terms of the agreement were not disclosed.
Founded in 1999, Global Locate provides industry-leading A-GPS technology to the mobile wireless industry. Their unique, host-based semiconductor solutions bring IndoorGPS® technology to a full spectrum of mobile wireless devices, including handsets, smartphones, PNDs, Two Way Radios, and Automotive applications.
Global Locate’s A-GPS network infrastructure products and data services power the global location services for mobile operators. The Company’s network products include the World Wide Reference Network (WWRN™), a source of high availability GPS assistance data as well as an A-GPS Server, a standards-compliant software kernel licensed by network equipment vendors for their core network products.
“Global Locate is a compelling addition to our portfolio of cutting-edge technology investments,” said Warren Holtsberg, corporate vice president, equity investments, Motorola. “Global Locate’s technology is highly complementary with Motorola’s vision of seamless mobility and we are pleased to support the company with this strategic investment.”
“We are extremely pleased that Motorola has invested in our company,” said Scott Pomerantz, President and CEO of Global Locate. “Our products and services have been adopted around the world by semiconductor manufacturers, mobile device manufacturers and wireless infrastructure providers. We believe this investment by Motorola is further evidence that our patented, host-based architecture provides significant benefits for our customers and partners.”
About Global Locate, Inc.
Global Locate, Inc. provides Assisted-GPS (A-GPS) products and services for wireless devices and networks. Headquartered in San Jose, CA, the company has sales offices in the New York metropolitan area, Tokyo, Taipei and Madrid. Global Locate’s A-GPS product suite includes the integrated Global Locate® IndoorGPS® chipset, the World Wide Reference Network (WWRNTM), and the Global Locate A-GPS ServerTM. For more information see www.globallocate.com.
About Motorola Ventures
Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV actively invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information: www.motorola.com/ventures.
Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need, anywhere, anytime. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: www.motorola.com.
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©2005 Global Locate, Inc. All rights reserved. Global Locate, IndoorGPS, and WWRN are trademarks of Global Locate, Inc.
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