u-blox acquires SigNav IP
Acquisition enhances u-blox' precision timing technology for the global femtocell market
"The acquisition of all assets and IP of SigNav enhances our market position, particularly for the huge femtocell market on a global scale. Their know-how, software and equipment reinforces our dominant position in GPS precision timing, a market where u?blox is already very strong" said Thomas Seiler, u-blox CEO.
Femtocell base station shipments were approximately 2 million units in 2010, and are expected to grow to 12 million units by 2014.
Key results of the transaction:
Integration of Signav's assets and IP into u-blox' existing activities to enhance and further develop its precision timing chips and modules portfolio.
Femtocell technology is attractive to telecom service providers as it allows them to deliver 2G/3G/4G mobile communications services via the Internet, for example ADSL or cable. The service is then distributed wirelessly to users in localized areas such as home or office via small femtocell basestations. This approach lowers the cost of serving consumers by eliminating the requirement for large, expensive cellular basestations.
The technology also extends mobile phone coverage to remote or weak signal strength areas while extending battery life of mobile phones and improving voice quality. Femtocell technology relies on a precision time reference to insure adherence to stringent radio frequency broadcast requirements.
SigNav's business strategy is to provide positioning, timing and reference frequency solutions for the rapidly expanding wireless/mobile applications market. This segment includes standard mobile base stations and picocells as well as emergent WiMax base stations and consumer femtocells. Signav's patented, market leading GPS technology has been built on a foundation of extensive signal processing and hardware development expertise. (www.signav.com)
u-blox (SIX:UBXN) is a leading fabless semiconductor provider of embedded positioning and wireless communication solutions for the consumer, industrial and automotive markets. Our solutions enable people, devices, vehicles and machines to locate their exact position and wirelessly communicate via voice, text or video. With a broad portfolio of GPS modules, chips, and software solutions together with wireless modules and solutions, u-blox is uniquely positioned to enable OEMs to develop innovative solutions quickly and cost-effectively. Headquartered in Switzerland and with global presence in Europe, Asia and the Americas, u‑blox employs approximately 210 people. Founded in 1997, u-blox is listed on the SIX Swiss Exchange. (www.u-blox.com)
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