Great Galileo Goodies For NovAtel

NovAtel Inc. [NASDAQ: NGPS] has been awarded of a contract worth €6.3M (US$8.6M) by Thales Alenia Space Italia (TAS-I) for the continued development of the Ground Reception Chain (GRC) reference receiver for Galileo, Europe’s state-of-the-art Global Navigation Satellite System (GNSS). TAS-I, NovAtel and Space Engineering were initially selected by the European Space Agency (ESA)/ESNIS/Thales Alenia Space France (TAS-F) and began work on the program in June 2005. Since then, NovAtel has been developing technology under preliminary authorizations and has already generated €2.1 million (US$2.7 million) in revenue between Q3 2005 and Q2 2007.




The contract award is a program milestone achievement worth €441 thousand (US$600 thousand). Following this contract award, NovAtel also has the opportunity to achieve two other milestones in the second half of 2007 valued at €760 thousand (US$1,034 thousand). Galileo is expected to be fully operable from 2012 with up to 30 satellites orbiting the earth. It is designed for both civilian and government purposes and will be controlled and operated by civil management. The ground reference receiver, for which NovAtel continues to develop receiver components, forms part of the GRC, which is being supplied by TAS-I to TAS-F, ESNIS and ESA for use in the Galileo Ground Mission Segment (GMS). The program calls for the development, qualification and delivery of 25 production GRC equipment groups to support the In Orbit Validation (IOV) phase of the European satellite navigation system. The objective of the IOV phase is to verify the proper functioning of the overall navigation system before full deployment—Calgary, Alberta