u-blox AG: u-blox and GMV Join Forces to Deliver Cutting-Edge Safe Positioning Solutions for Automotive Applications

Rhea-AI Summary

u-blox and GMV announced a partnership on March 16, 2023, aimed at enhancing automotive positioning technology. This collaboration integrates u-blox's GNSS receiver hardware with GMV's correction service and positioning engine, targeting advanced automotive applications like ADAS Level 2+. Starting Q2 2023, u-blox will commercialize this solution, providing integration and certification support alongside GMV. The partnership, formed at Mobile World Congress 2023, underscores both companies' commitment to delivering high-performance, safe positioning solutions for the automotive industry.

Positive

• Partnership with GMV strengthens u-blox's automotive technology portfolio.
• Integration of GNSS receiver hardware with advanced correction services enhances product offerings.
• Expected commercialization in Q2 2023 may boost revenue from automotive applications.

Negative

• Dependence on successful integration and certification processes could pose risks.
• -

MADRID, SPAIN and THALWIL, SWITZERLAND / ACCESSWIRE / March 16, 2023 / u-blox (SIX:UBXN), a global provider of leading positioning and wireless communication technology and services, and GMV a company leader in Navigation providing solutions for connected and autonomous vehicles proudly announce their partnership agreement to combine u-blox's GNSS receiver hardware with GMV's safe correction service, sensor fusion, and positioning engine. The end-to-end solution addresses the needs of automotive applications by providing a holistic safety approach that maximizes performance and minimizes time-to-market costs.

The collaboration between these two safe positioning pioneers is a significant step forward in the automotive positioning industry. From Q2 2023 onwards, u-blox will directly commercialize the solution, including integration service and certification support to be provided jointly by u-blox and GMV, for applications like ADAS Level 2+ and up to vehicle autonomy.

Regarding the partnership, Miguel Romay, General Manager of GMV Satellite Navigation Systems, said: "We are thrilled to partner with u-blox for a common purpose: deliver a comprehensive safe positioning solution for the automotive industry. Based on our combined expertise and experience, we will provide a cost-effective and reliable solution for the current needs of automotive Tier 1's and OEMs worldwide."

u-blox's Head of Product Centers, Andreas Thiel, added: "For u-blox, this is a natural fit partnership; we are both committed to delivering high-performance and safe positioning solutions for the automotive industry. Based on our complementing products, we are excited to work with GMV and offer a comprehensive solution that provides next-gen safe positioning at best-in-class performance."

The collaboration between GMV and u-blox was forged at the recent Mobile World Congress (MWC), Barcelona 2023. The two companies will work hand in hand to integrate their respective technologies and provide a seamless solution for the needs of future automotive applications worldwide.

About u-blox

u-blox (SIX:UBXN) is a global technology leader in positioning and wireless communication in automotive, industrial, and consumer markets. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA. (www.u-blox.com)

u‑blox media contact:

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

About GMV

GMV is a privately owned technology business group founded in 1984 and trading on a worldwide scale in the following sectors: Space, Aeronautics, Defense and Security, Cybersecurity, Intelligent Transportation Systems, Automotive, Healthcare, Telecommunications and IT for government authorities and major corporations. Working with a staff of over 3,000, the company now runs subsidiaries in Spain, USA, Germany, France, Poland, Portugal, Romania, UK, The Netherlands, Belgium, Malaysia, and Colombia. 75% of its turnover comes from international projects on all five continents. www.gmv.com

GMV media contact:
Marta Jimeno / Marta del Pozo
Corporate Marketing and Communications
Ph.: + 34 91 807 21 00
marketing@gmv.com

SOURCE: u-blox AG

View source version on accesswire.com:
https://www.accesswire.com/744143/u-blox-AG-u-blox-and-GMV-Join-Forces-to-Deliver-Cutting-Edge-Safe-Positioning-Solutions-for-Automotive-Applications

FAQ

What is the partnership between u-blox and GMV about?

u-blox and GMV have partnered to combine u-blox's GNSS receiver hardware with GMV's positioning services, targeting advanced automotive applications.

When will the u-blox and GMV solution be available?

The new positioning solution will be commercially available from Q2 2023.

What automotive applications will the u-blox and GMV collaboration support?

The collaboration aims to support advanced driver-assistance systems (ADAS Level 2+) and higher levels of vehicle autonomy.

How does this partnership impact u-blox's stock symbol UBLXF?

The partnership could enhance u-blox's market position and potentially drive revenue growth, which may positively influence stock performance.

Where was the partnership between u-blox and GMV announced?

The partnership was announced at the Mobile World Congress 2023 in Barcelona.