U-BLOX HLDG AG NAMEN AKT - UBLXF STOCK NEWS

u-blox (SIX:UBXN)(OTC PINK:UBLXF) warns of significant risks following the US FCC's approval of frequency use for terrestrial communication by Ligado, impacting global navigation satellite systems (GNSS) like GPS. The decision endangers the functionality of u-blox GNSS receivers, with potential disruptions occurring within 1 kilometer of Ligado base stations. This could hinder applications in autonomous vehicles and 5G deployments, posing challenges for u-blox’s extensive US customer base. The company urges the FCC to restore protections to these frequencies to safeguard GNSS performance.

u-blox reported strong financial results for the first half of 2021, with revenues of CHF 192.7 million, marking a 10.8% increase year-over-year. Adjusted gross profit rose 13.3% to CHF 89.9 million, while EBITDA increased to CHF 28.7 million. The automotive sector drove demand growth despite supply constraints impacting production. The company experienced a significant recovery in bookings, with the order book growth outpacing revenue growth. Cash flow from operations was robust at CHF 43 million, and free cash flow improved to CHF 27.7 million.

u-blox has unveiled automotive-grade positioning modules and chip that operate at temperatures up to 105°C. The NEO-M9L modules and M9140-KA-DR chip utilize the u-blox M9 GNSS platform, ensuring accurate positioning even when satellite signals are compromised. Features include low-latency output, advanced spoofing detection, and compliance with AEC-Q104 standards. These innovations cater to integrated navigation systems and telematics, enhancing reliability in automotive applications. Engineering samples will be available by September 2021.

u-blox, a leader in positioning and wireless communication technologies, has launched two explorer kits, XPLR-AOA-1 and XPLR-AOA-2, designed for evaluating Bluetooth direction finding and indoor positioning. These kits provide sub-meter accuracy for applications like access control and asset tracking. The technology leverages angle-of-arrival (AoA) methods to determine the direction of signals, offering a significant upgrade over previous solutions. With low power consumption and ease of deployment, u-blox aims to enhance indoor localization capabilities.

u-blox (OTC PINK: UBLXF) has revised its financial guidance for FY 2021. Revenue is projected to grow by 11.19%, up from a previous estimate of 5.15%, with anticipated revenue of CHF 334 million. The EBITDA margin remains stable at 16.22% while EBIT is slightly adjusted to 9.12%. Increasing demand and a higher order intake are highlighted despite challenges in component availability. Further updates are expected with the half-year results on August 20, 2021.

u-blox has announced the integration of Nordic's nRF52833 SoC in its NINA-B4 Bluetooth 5.1 modules for large-scale IoT applications. The modules, optimized for Wirepas Massive, facilitate efficient mesh networking and are suitable for various industrial applications. Notable features include support for direction finding, extended temperature operation, and enhanced memory allocation for embedded applications. This partnership highlights u-blox's commitment to leveraging advanced technologies to improve wireless communication and IoT solutions.

u-blox has launched CloudLocate, a service that significantly improves the energy efficiency of positioning calculations for IoT devices by offloading them to the cloud, using 90% less energy than traditional GNSS systems. This service targets applications in logistics, asset tracking, and Industrial IoT where devices require minimal power and infrequent location updates. Utilized via the u-blox Thingstream IoT platform, CloudLocate offers flexible location accuracy and is expected to enhance business growth opportunities across various industries worldwide.

u-blox (SIX:UBXN, OTC PINK:UBLXF) announced it will fully repay an outstanding bond of CHF 60 million, with a 1.625% annual coupon, due April 27, 2021, using cash reserves. After this repayment, the company will maintain a cash balance of approximately CHF 40 million. u-blox also reported having substantial credit lines with banks for additional flexibility.

u-blox has launched its first multi-band high accuracy timing solutions, including ZED-F9T-10B and LEA-F9T-10B timing modules and the RCB-F9T-1 timing card, which offer nanosecond-level timing accuracy for applications such as cellular networks and smart power grids. The L1/L5 timing modules minimize timing errors to less than five nanoseconds and include advanced security features. Additionally, the ANN-MB1 multi-band antenna complements these products, supporting various GNSS constellations for precise positioning in industrial applications.