u-blox AG: u-blox and Geespace Partner to Extend Geely Group's High Precision Positioning Solutions in the USA and Europe

Rhea-AI Summary

u-blox has partnered with Geespace to enhance global adoption of the PointPerfect high precision positioning service, particularly for automotive applications. This collaboration aims to unify offerings and expand coverage in the US, Europe, and China. The MoU enables both companies to provide comprehensive GNSS solutions, addressing current fragmentation in the market. With Geespace’s automotive services and u-blox’s technology, they plan to meet demand for high precision solutions across various sectors. Both companies anticipate significant growth in the automotive sector, enhancing their competitive edge.

Positive

• Partnership with Geespace enhances service offerings in high precision positioning.
• Expansion into US, European, and Chinese markets increases growth potential.
• Unified service offering addresses market fragmentation.

Negative

• None.

The partnership will help to grow global adoption of the u-blox PointPerfect high precision positioning service in particular for automotive applications.

THALWIL, SWITZERLAND / ACCESSWIRE / May 5, 2022 / u-blox (SIX:UBXN, OTC PINK:UBLXF), a leading global provider of positioning and wireless communication technologies and services, and Geespace , the world's leading provider of AICT (aerospace information and communications) infrastructure and application solutions, are announcing the signing of an MoU on the expansion of their respective augmentation services for high precision applications. Both partners will be able to extend their service offering to the US, European, and Chinese markets, primarily in the automotive sector.

The rise of reliable and cost-effective high precision positioning has improved the accuracy of global navigation satellite system (GNSS) solutions to the order of tens of centimeters, enabling a plethora of new applications in automotive, as well as industrial and robotics segments. Global adoption has, however, been hampered by a fragmentation of the augmentation services landscape. For global adoption to become a reality, worldwide coverage is required, as is unified pricing and business models designed to serve mass-market high precision solutions for automotive and industrial customers operating on a global scale. The resulting differences in technical specifications have also complexified the development of such solutions requiring different services.

The MoU between u-blox and Geespace seeks to create a combined offering that will enable both companies to offer full-stack high precision positioning software and hardware solutions to customers across the US, European, and Chinese markets. Furthermore, it will enable Geespace, which provides automotive GNSS augmentation services to its parent company Geely Group, to use the u-blox PointPerfect GNSS augmentation service to grow its coverage to serve Geely's automotive brands.

Meanwhile it will enable u-blox to expand the coverage of the PointPerfect service to offer their customers a comprehensive high precision solution for products sold in China, and benefit from simplified development and logistics efforts.

"We are proud to enter into this partnership with u-blox, a reliable and innovative provider with a long history in GNSS products and solutions. Through this partnership, we aim to provide a very competitive and comprehensive solution to support our automotive market in the USA and Europe, and to support the level of technological innovation our customers and car drivers expect from our products." says Ding Sheng, CTO at Geespace.

"This partnership with Geespace is a cornerstone to our plans of expanding our services and solutions in the APAC region. With this expansion u-blox will be able to offer PointPerfect and high precision solutions to all our American and European customers that have products ready for the Chinese market. At the same time, we will create an alliance with one of the most successful car makers in the automotive industry," says Franco de Lorenzo, Principal Product Owner, Product Center Services, at u-blox.

About ublox
u-blox (SIX:UBXN) is a global technology leader in positioning and wireless communication in automotive, industrial, and consumer markets. Their smart and reliable solutions, services and products let people, vehicles, and machines determine their precise position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules, and secure data services and connectivity, u-blox is uniquely positioned to empower its customers to develop innovative and reliable solutions for the Internet of Things, quickly and cost effectively. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA. ( www.ublox.com )
Find us on Facebook , LinkedIn , Twitter @ublox and YouTube

u‑blox media contact:
Natacha Seitz
Senior Manager PR and Content Marketing
Mobile +41 76 436 0788
natacha.seitz@u-blox.com

About Geespace
GEESPACE, an innovation enterprise under Geely Technology Group, is committed to becoming the world's leading provider of AICT (aerospace information and communications) infrastructure and solutions. Geespace has established a PPP-RTK reference station network in China to compose Geespace's comprehensive high precision positioning system. In January 2022, Geespace completed its first nationwide test drive across China for algorithm verification. Geespace's comprehensive and sophisticated high precision positioning system will be launched for mass-market applications in mid-2022.

Geespace media contact:
Ruokun Wang
Senior Manager of PR and Branding
Mobile +86 18930513778
Ruokun.Wang@geely.com

SOURCE: u-blox AG

View source version on accesswire.com:
https://www.accesswire.com/700287/u-blox-AG-u-blox-and-Geespace-Partner-to-Extend-Geely-Groups-High-Precision-Positioning-Solutions-in-the-USA-and-Europe

FAQ

What is the significance of the u-blox and Geespace partnership?

The partnership aims to enhance global adoption of high precision positioning services, particularly in the automotive sector, by unifying offerings and expanding market coverage.

How will the MoU between u-blox and Geespace impact the automotive sector?

The MoU allows both companies to provide comprehensive GNSS solutions, meeting the rising demand for high precision applications in the automotive industry.

What markets will u-blox expand into with the Geespace partnership?

u-blox will expand its services into the US, European, and Chinese markets through its partnership with Geespace.

What technology will be offered as part of the u-blox and Geespace collaboration?

The collaboration will offer full-stack high precision positioning software and hardware solutions to customers across multiple regions.

When was the u-blox and Geespace partnership announced?

The partnership was announced on May 5, 2022.