CASIC-IT And Trimble Sign Agreement To Form Joint Venture In China
Trimble and the China Aerospace Science & Industry Academy of Information Technology (CASIC-IT) announced recently that they have signed a definitive agreement to form a joint venture in China.
The agreement was signed at the Diaoyutai State Guesthouse in Beijing, China.
The joint venture, 50 percent owned by Trimble and 50 percent owned by CASIC-IT, will combine the commercial expertise, knowledge and technologies of both CASIC-IT and Trimble to develop, manufacture and distribute in China Global Navigation Satellite System (GNSS) receivers and systems, based on the Chinese Compass satellite system, for civil applications in the commercial positioning, navigation and timing markets.
The joint venture will be based in Beijing, China and is expected to begin operations after regulatory approval from the Chinese government.
On April 15, China completed its second successful launch of a Compass G2 satellite. The system is expected to provide regional availability over China in the 2010 timeframe, and provide an independent worldwide positioning system constellation of 30 satellites by 2020. The Compass system can be used in conjunction with the existing and planned satellite positioning systems, including GPS, GLONASS and Galileo.
About CASIC-IT
China Aerospace Science and Industry Academy of Information Technology (CASIC-IT) was established on July 1, 2002. The business is focused on mini-satellite, satellite application, and information technology. CASIC-IT provides mini-satellite, satellite communication, satellite navigation, information system integration, information security and ITS- related products and services to customers in the government and business sectors. CASIC-IT has undertaken many projects from Ministry of Science and Technology, National Development and Reform Commission, and National Space Administration in the satellite navigation field, including development of satellite navigation receiver chipsets and board sets.
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.
SOURCE: Trimble