Fastrax Expands iTrax02 and iTrax03 in South Korea with Headline

10/31/2003 - Fastrax Ltd., a developer of OEM GPS receivers with industry-leading performance and feature set, announced a new distribution and sales representation agreement with Headline Information & Communication Ltd., an original design manufacturer (ODM) of radio communication systems and a distributor of electronic components based in South Korea.

Headline I&C will represent Fastrax’s product family of iTrax02 and iTrax03 series 12-channel OEM GPS receivers in the South Korean market. Headline I&C offering includes a wide range of telecommunication and networking products and components, with an emphasis on Digital RF, GPS and safety warning systems. Headline I&C has a strong client base of industrial application and consumer product developers.

Fastrax iTrax02 and iTrax03 GPS receivers are the lowest power consuming 12-channel OEM GPS receivers on the market. The low power drain extends the operating time of battery-operated devices, a crucial factor in both business and recreational products. The receivers enable continuous tracking down to very low signal levels, with support for assisted GPS (A-GPS) for urban tracking. Designed for demanding conditions, Fastrax GPS technology offers industry-leading performance and reliability along with fast time to first fix (TTFF).

“During the last few years Korea has grown to one of the largest GPS markets in the world, with plenty of GPS-powered products and applications already available. In addition, many Koreans are ‘early adopters’ interested in the newest technology products. As a result, the GPS business is growing rapidly, especially in the Telematics segment. Fastrax technology is of very high quality and Fastrax GPS receivers are already widely used in Korean telemetric companies”, said Jun-Gyu Han, General Manager and GPS R&D Team Leader, Headline I&C.

“South Korean markets are extremely interesting for us and we believe there is great potential for position-aware applications. Small OEM GPS receivers with low power consumption open up a variety of opportunities for designing and building new kinds of products and devices that bring significant new value to their users. We are glad to work with an established player such as Headline I&C and look forward to strengthening Fastrax’s position in South Korea”, said Peter Mero, Sales Manager Asia, Fastrax Ltd.

Fastrax’s product families of iTrax02 and iTrax03 series 12-channel OEM GPS receivers offer industry-leading benefits in performance, size, power consumption and versatility. The iTrax02 and iTrax03 series modules with iSuite navigation firmware enable the implementation of position-aware features into practically any appliance. The modules are ideally suited for both industrial tracking systems and small battery-operated products like mobile phones, asset tracking devices, handheld computers and sports accessories.

More information on Fastrax distributors is available at

About Fastrax Ltd
Fastrax develops industry-leading products for optimal utilization of GNSS location services (Global Navigation Satellite Systems). The most well known of these services is GPS (Global Positioning System). Fastrax transforms GPS technologies into highly scalable solutions with open interfaces, combined with ultra low power consumption and miniature hardware design. With industry-leading performance, Fastrax GPS receivers navigate continuously even in extreme conditions. Receivers are ideally suited in both industrial location applications and high-volume consumer products such as cell phones and sports accessories. Headquartered in Finland and founded in 1999, the company is privately owned and backed by leading venture capital investors CapMan, Eqvitec, Startupfactory and Innocap, with a strategic investment by Suunto Corporation, a subsidiary of Amer Group, a leading global supplier of sporting goods equipment. More information:

About Headline Information & Communication Ltd.
Headline I&C Ltd. is an original design manufacturer (ODM) of radio communication systems and a distributor of electronic components. Headline I&C offering includes a wide range of telecommunication and networking products and components. Current Headline ODM customers include e.g. Cobra, Midland, Radio Shack and Alan. Founded in 1998, the corporate headquarters are in Seoul, South Korea and international offices in China and the Philippines. Headline I&C is publicly listed in the South Korean stock exchange. More information:

Global Positioning System (GPS) is a worldwide satellite navigation infrastructure funded and controlled by the U.S. Department of Defense, originally developed for U.S. military purposes. GPS provides satellite signals that enable GPS receivers to calculate their exact position and velocity. The GPS infrastructure has three segments. The space segment consists of 24 satellites that orbit the earth every 12 hours. The control segment consists of tracking stations located around the world, with the master control station located at Falcon Air Force Base in Colorado. The user segment consists of GPS receivers and users utilizing the information provided by the system. GPS is widely used in e.g. marine navigation.

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