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Topcon Announces Strategic Investment in DDK Positioning
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Topcon Positioning Systems has strategically invested in DDK Positioning Ltd, an Aberdeen-based provider of GNSS receivers and PPP correction services. This investment aims to enhance collaboration, particularly in the Marine sector, where both companies seek to improve accuracy and performance in precision positioning applications. DDK specializes in global precision services via the Iridium® network, aiming for positioning accuracy of less than 5cm, significantly better than standard GPS. Both companies expressed excitement about the partnership, emphasizing the potential for growing their service offerings and maintaining high standards in positioning accuracy.
Positive
Strategic investment to enhance collaboration with DDK Positioning.
Focus on improving GNSS positioning services, particularly in the Marine sector.
DDK offers precision services achieving less than 5cm accuracy, enhancing market competitiveness.
Negative
None.
LIVERMORE, Calif.--(BUSINESS WIRE)--
Topcon Positioning Systems announced it has made a strategic investment in DDK Positioning Ltd, an Aberdeen-based specialist in GNSS receivers and PPP correction services. DDK Positioning delivers services exclusively over the Iridium® network to provide global precision positioning services that can augment GNSS constellations to significantly enhance their accuracy for critical industrial applications. Terms of the investment are not being disclosed.
Topcon announced it has made a strategic investment in DDK Positioning Ltd, an Aberdeen-based specialist in GNSS receivers and PPP correction services. (Graphic: Business Wire)
“For a number of years, Topcon has been a supplier of core GNSS components to DDK Positioning to deliver their MAX services. With the expansion and growing success of this business, specifically in the Marine sector, a closer cooperation will ensure optimal integration for the highest possible accuracies and performance in the most demanding applications,” according to Ian Stilgoe, VP of Emerging Business at Topcon.
Kevin Gaffney, CEO of DDK Positioning, stated, “This partnership provides an extraordinary opportunity for our two companies to work together in pursuit of our shared ambition — providing a robust, resilient and truly unique GNSS positioning service. We are extremely excited about partnering with Topcon and it’s a great fit for DDK Positioning, not only will it allow us to continue to develop best in class positioning services, we will also be able to continue to grow the company and expand our services globally.”
About DDK Positioning Ltd
DDK Positioning offers truly global, resilient delivery of precise GNSS positioning services to a number of markets, including: Marine and offshore survey & construction and IoT. The Global Navigation Satellite Systems (GNSS) correction solution enables clients to precisely locate and track their assets globally. Furthermore, a positioning accuracy of less than 5cm can be achieved, compared to the standard GPS accuracy of ≈10m. The uninterrupted delivery of the service, along with independent integrity of position, ensures a higher level of confidence in the accuracy of position and is what differentiates the company from our competitors. DDK Positioning was formed in Aberdeen, UK in 2016 and has an exclusive partnership with Iridium. www.ddkpositioning.com
About Topcon Positioning Group
Topcon Positioning Group, always one step ahead in technology and customer benefits, is an industry-leading designer, manufacturer and distributor of precision measurement and workflow solutions for the global construction, geospatial and agriculture markets. Topcon Positioning Group is headquartered in Livermore, California, U.S. (topconpositioning.com, LinkedIn, Twitter, Facebook). Its European head office is in Capelle a/d IJssel, the Netherlands. Topcon Corporation (topcon.com), founded in 1932, is traded on the Tokyo Stock Exchange (7732).
