Headline I&C Becomes Value Added Integrator for Fastrax Solutions

9/23/2004 - Fastrax Ltd., a provider of OEM GPS receivers and positioning software with industry-leading features, announced that Headline Information & Communication Ltd., an original design manufacturer (ODM) of radio communication systems and a distributor of electronic components based in South Korea, has been appointed as the first Value Added Integrator for Fastrax solutions.

Value Added Integrator (VAI) is a new category of Fastrax business partners that utilize the latest GPS technology and the Fastrax iSuiteTM Software Development Kit in their offerings. Value Added Integrators are leading solution providers in their respective areas, recommended by Fastrax.

“We are happy to welcome Headline I&C as our first partner to be granted the status of Value Added Integrator. This category encompasses world-class companies with development and product quality such that Fastrax can endorse them without hesitation,” said Mr. Matti Räty, CEO, Fastrax. “We look forward to continuing our collaboration with Headline and to adding other key partners, world-wide, to this select category.”

In conjunction with the VAI appointment, Fastrax and Headline announced the implementation of Fastrax GPS technology in Hermes, an innovative automotive navigation product from Headline I&C. Hermes is a GPS-enabled device that is attached to the dashboard of a car with a magnet. The device contains an upgradeable database of locations requiring extra attention and slower speeds, such as fire stations, schools, speed cameras and dangerous intersections. Hermes displays the precise speed of the car, sounds an alarm when approaching a dangerous section of road, and displays the distance to the road hazard in meters. Hermes was developed using Fastrax’s iSuiteTM Software Development Kit.

“Hermes differs from competing products by its extensive database and the precision of its location functions,” said Mr. Y.W. Jang, CFO, Headline I&C. “The small footprint and industry-leading feature set of Fastrax’s GPS receivers provide us with the technical performance required to deliver this first-of-a-kind solution to our customers.”

Headline I&C has represented Fastrax’s product family of iTrax02 series 12-channel GPS receivers in the South Korean market since June 2003. Headline I&C offers 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.

Designed for demanding conditions, Fastrax GPS technology offers industry-leading performance and reliability along with fast time to first fix (TTFF). Fastrax iTrax02 and iTrax03 OEM GPS receivers enable continuous tracking down to very low signal levels, with support for assisted GPS (A-GPS).

The versatile iSuiteTM Software Development Kits for both iTrax02 and iTrax03 receivers allow GPS and application customization and miniature designs with reduced BoM (Bill of Material). Lower cost and smaller size are crucial factors in a wide variety of applications.

The programmability of Fastrax iTrax02 and iTrax03 modules enables the implementation of position-aware features into practically any appliance. Programmed with Fastrax iSuite SDK (Software Development Kit), the Fastrax iTrax receivers with embedded Flash memory can be used as the CPU (Central Processing Unit) of the host application. Enabling developers to axe the previously required separate CPU, the programmability of iTrax receivers allows new application architectures that are simpler, less expensive and more reliable.

The iTrax02 and iTrax03 modules are ideally suited for both asset tracking systems and small battery-operated products such as mobile phones, handheld computers and sports accessories. In addition to OEM GPS receivers, Fastrax offers Engineering Services to enable faster time to market for specific custom applications. This includes customized designs for both hardware and software needs.

More information on Fastrax distributors is available at http://www.fastrax.fi

About Fastrax Ltd
Fastrax provides industry-leading receivers and software solutions for optimal utilization of GPS (Global Positioning System) and other GNSS location services (Global Navigation Satellite Systems). Fastrax transforms GPS technologies into highly scalable iTrax and iSuite solutions with open interfaces, combined to 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 to both industrial location applications and high-volume consumer products such as cell phones and sports accessories. Fastrax Engineering Services provide expert services in application design. 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: www.fastrax.fi.

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, Hyundai, 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: www.headline.co.kr

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 applications such as marine navigation.

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