Sponsored By

CPS Revenues Grow 60%

Global demand for E-OTD drives revenue growth at Cambridge Positioning Systems

January 22, 2003

1 Min Read

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

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like