Global demand for E-OTD drives revenue growth at Cambridge Positioning Systems
January 22, 2003
CAMBRIDGE, U.K. -- Cambridge Positioning Systems Ltd (CPS), world leaders in GSM high accuracy location technology, today announced 60 per cent year on year revenue growth following global industry adoption of its E-OTD technology. The company secured a number of significant sub-licensing 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.Revenue growth was accompanied by strong invoicing - up 100 per cent over the same period - with the company retaining a strong cash position going into 2003.2002 highlights include:
sub-licence agreements with Ericsson, Siemens and Nortel Networks
launch of world’s first E-OTD enabled handset from Samsung
E-OTD chipset integration agreements signed with Intel, Texas Instruments
25-plus E-OTD projects underway via new integration facility
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."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."Cambridge Positioning Systems
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