Category: CSI Wireless and Saab developing products for AIS marine ...
CALGARY, March 1 /PRNewswire-FirstCall/ - (TSE:CSY - News): CSI Wireless Inc., a designer and manufacturer of wireless, GPS and beacon receiver products used ...
Automatic Identification System (AIS) products aid vessel communication, navigation and surveillance
CALGARY, March 1 /PRNewswire-FirstCall/ - (TSE:CSY - News): CSI Wireless Inc., a designer and manufacturer of wireless, GPS and beacon receiver products used in more than 50 countries, today announced that it has signed an agreement with Saab TransponderTech and begun integrating some of CSI's technology into Saab's Automatic Identification System (AIS) product line.
Saab TransponderTech, a member of the Saab Group of companies, is one of the world's leading suppliers of AIS equipment for the maritime industry, including communication, navigation, surveillance and homeland security applications.
Automatic Identification Systems use GPS to identify and monitor maritime traffic. They send and receive vessel identification and position data between ships, between ships and shore, and through information broadcasts. They relay a vessel's name, radio call sign, navigational status (at anchor, under way, using engine, etc.), position, speed, heading, type of ship/cargo, destination, and estimated arrival time. AIS standards and regulations are set by the International Maritime Organization.
CSI Wireless is providing OEM circuit board technology for Saab's entire AIS product line, including beacon receiver technology for Saab's R4 Navigation Sensor that provides redundant, higher-accuracy positioning that is fed into the AIS and other systems on board the ship. Product development has been completed, and initial shipments have occurred.
"We are utilizing our extensive experience in the design and development of products for marine navigation to help Saab TransponderTech offer its customers the world's best AIS solutions," said Stephen Verhoeff, CSI Wireless' President and CEO.
"CSI's marine background makes the company an ideal AIS product- development partner for Saab," added Gunnar Mangs, Saab TransponderTech's Business Director for Mobile Systems.
About Saab TransponderTech
Saab TransponderTech AB, a company within the Saab Group, is recognized as one of the leading suppliers of AIS equipment for the maritime industry, and AIS base stations and infrastructure solutions for monitoring and traffic management applications. Saab is one of the world's leading high-technology companies, with its main operations focusing on defense, aviation and space. The Saab Group covers a broad spectrum of competence and capability in systems integration.
CSI Wireless
CSI Wireless designs and manufactures innovative, cost-effective, wireless and GPS products for mobile and fixed applications in the agriculture, marine, automotive and other markets. CSI is a leader in serving several emerging high-growth markets including Desktop Cellular Telephones, Precision Guidance in Agriculture and Consumer Telematics. CSI Wireless owns numerous patents and intellectual property relating to wireless and GPS technologies. CSI's common shares trade on The Toronto Stock Exchange under the trading symbol "CSY", with approximately 33 million outstanding. For more information about CSI Wireless, which has facilities in Calgary, Silicon Valley, and Phoenix, go to www.csi-wireless.com.
The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward- looking statements are subject to numerous risks and uncertainties, certain of which are beyond CSI Wireless's control, including: the impact of general economic conditions, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to the announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. CSI Wireless's actual results, performance or achievement could differ materially from those expressed in, or implied by these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceed, that CSI Wireless will derive therefrom.
Source: CSI Wireless Inc.
Source: Yahoo News (press release) - USA
