Portland, Oregon, September 25, 2002 - QinetiQ and Parthus
Technologies (NASDAQ: PRTH; LSE: PRH) have just signed a collaborative
licensing agreement for Parthus' NavStream 3000 GPS location platform for
deployment in a number of areas including defence, telematics,
transportation and security/authentication.
NavStream 3000 is the latest and most advanced GPS platform from
Parthus. While GPS technology offers unrivalled location accuracy, certain
environments like indoor or urban caynons have traditionally degraded
accuracy performance. NavStream 3000 uses latest hardware and software
advances to determine the exact location of an individual, vehicle, or an
asset/device in practically any circumstance. This includes 'static'
situations (indoor locations, built up urban environment, or remote/global
locations) or in 'high velocity' situations (transportation, automotive or
QinetiQ will be integrating the NavStream 3000 platform with other
advanced technologies for which it owns the Intellectual Property (IP) and
then marketing the solutions as part of its telematics and
telecommunications programmes. The agreement also enables Parthus and
QinetiQ to deliver total systems solutions for GPS enabled location based
services and to devise suitable modifications or developments to the
existing 3000Q chip set, when its performance or functionality needs to be
QinetiQ's current commercial market development activities embrace four
distinct business areas:
authentication that uses GPS positioning for the financial, banking and
A range of
telematics products that use GPS as a positioning sensor to provide
'context sensitive information' that is relevant to the users' location.
'Real-time' GPS positioning and integration with other sensors
on vehicles for motor sport and other leisure pursuits.
"The enormous requirement for instant and exact location capabilities
is matched by the sheer complexity of the technical challenge to achieve
this," explained Sarah Clark of QinetiQ's Future Systems Technology (FST)
Division. "Integrating Parthus' NavStream technology with a diverse range
of our own technological solutions, allows us to deliver the very best
location technology to our customers. In addition to addressing MoD needs,
QinetiQ is securing new commercial customers in a number of new markets as
well as established areas such as aerospace, marine, transportation, land
"We are very pleased to have formed this collaborative licensing
agreement with QinetiQ, Britain's largest science and technology
organisation," said Gerry Maguire, general manager for wireless at
Parthus. "QinetiQ are yet another global leader to leverage our NavStream
GPS technology. Our partnership will see the technology target highly
lucrative markets such as telematics and defence applications."
QinetiQ (pronounced ki' ne tik as in 'kinetic
energy'), formerly the larger part of DERA (Defence Evaluation and
Research Agency) incorporates the bulk of the MoD's non-nuclear research,
technology and test and evaluation establishments in its heritage. QinetiQ
is one of Europe's largest science and technology solutions providers.
Among its staff it employs many leading scientists and internationally
acclaimed experts. It offers a unique range of services, consultancy
advice and test facilities. These include indoor and outdoor ranges, wind
tunnels, marine testing facilities, automotive test tracks and climatic
QinetiQ operates in markets as diverse as marine, energy,
telecommunications, automotive, rail, electronics, defence, space, health,
oil & gas, aerospace and information technology.
In July 2000 the Government agreed to a programme that would
see the bulk of DERA being set up as a Public Private Partnership (PPP).
In July 2001, three-quarters of the agency became the wholly government
owned plc, QinetiQ. Then in March 2002, the MoD announced that it would be
seeking to find a strategic partner before the end of the year to invest
in QinetiQ as a stepping stone to an eventual flotation in 2 - 4 years'
time. Around 40 organisations expressed an interest in acquiring a stake
in QinetiQ and after a vigorously competitive process The Carlyle Group
was named as the preferred bidder in early September 2002. Final
negotiations are currently taking place between the MoD and Carlyle to
ensure QinetiQ has the freedom and independence to maximise its commercial
potential, to the benefit of both taxpayers and QinetiQ's future.
As DERA its pioneering research and development last century
included the invention of liquid crystal displays (LCDs), carbon fibre,
the technology for flat panel speakers, infra-red sensors and microwave
radar, as well as Chobham armour, and shaped charges.
About ParthusCeva, Inc.
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the planned merger with Ceva, Inc. and to successfully integrate the
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are discussed in Amendment No. 1 to out 2001 Annual Report on Form 20-F
filed with the SEC on July 9, 2002.