Fastrax and MtekVision Partner to Deliver GPS Solution Using Fastrax Software GPS

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Integration of Fastrax Software GPS with MtekVision’s Maple-3 Multimedia Processors Offers Industry’s Lowest Cost and Smallest Footprint.

The Fastrax partnership is a good one as their GPS algorithms map well to our unique massively parallel processor architecture. With Fastrax Software GPS our customers can now add location-based applications to the Maple based multimedia products at the industry’s lowest cost and smallest footprint

Fastrax Ltd., a pioneering supplier of high performance GPS receivers, GPS software solutions and tracking systems for location-aware devices, today announced a partnership with MtekVision, a fabless semiconductor and a leader in mobile multimedia technology. The companies will deliver the first commercially available platform for Fastrax Software GPS. Fastrax Software GPS is integrated with MtekVision’s Maple-3X media processors, which have dual ARM9 350MHz processors and APEX, MtekVision’s next generation massively parallel SIMD processor-based DSP. Demonstrated in February at Mobile World Congress in Barcelona, the new Fastrax Software GPS was well received and will be available on selected Maple-3X processors by mid 2009.

This technology cooperation brings for the first time Fastrax Software GPS to existing customers using Maple-3 and Maple-3X media processors. Fastrax Software GPS can be fully tailored to meet the requirements of each specific application and device to better service the wide variety of multimedia devices. The software-based approach is expected to significantly increase the amount of GPS enabled devices beyond the high-end cell phones and personal navigation devices. While traditional GPS solutions require the integration of a hardware component, which can be burdened with features not all customers need (i.e. FM Bluetooth) making the design more complex and adding to the cost, a software-based solution offers faster time-to-market, dynamic performance and easily adjustable features.

"This is Fastrax’s first publicly announced commercially available platform for Software GPS. MtekVision is an ideal partner as their platforms are widely used in mobile handsets worldwide,” comments Kim Kaisti, Vice President of Business Development, Fastrax. “MtekVision brought further value to the partnership by assisting with development of drivers while Fastrax ported the Software GPS to their environment. We can now jointly offer Fastrax Software GPS to all Maple-3X customers."

"The Fastrax partnership is a good one as their GPS algorithms map well to our unique massively parallel processor architecture. With Fastrax Software GPS our customers can now add location-based applications to the Maple based multimedia products at the industry’s lowest cost and smallest footprint,” said Simon Morris, CEO of MtekVision Canada Ltd. “Our customers also value the flexibility that a software GPS implementation can bring where processing resources can be dynamically applied to increase performance in severe fading conditions such as dense urban environments.”

For more information and detailed technical data, please see the Fastrax web site at http://www.fastraxgps.com.

For more information contact:
Fastrax Contacts:

Kim Kaisti
VP Business Development
Tel. +358 424 7331
kim.kaisti (at) fastraxgps.com

Fastrax Agency Contact:

Netprofile Tech PR
Hanna Manninen
Tel. +358 9 6812 080
hanna (at) netprofile.fi

MtekVision Contacts:

Seoul:                              North America:
Angela Bae                            Tina Jeffrey
Tel.+82-2-6336-4157                 Tel. +1 613-832-1500
Email: jhbae@mtekvision.com         Email: tjeffrey@mtekcanada.com        

About Fastrax Ltd.
Fastrax is a leading provider of high performance GPS receivers, GPS software solutions and tracking systems for device manufacturers and device designers. Fastrax enables the utilization of GPS and other Global Navigation Satellite Systems (GNSS) in virtually any device, from industrial applications to battery-operated consumer products. Based on a decade of intensive research and development, Fastrax products feature a unique combination of state-of-the-art performance, extremely low power consumption, flexible software and miniature, easy-to-deploy designs. The product portfolio consists of multiple GPS receivers and GPS antenna modules, novel pure software based GPS solutions offering fast time-to-market with minimal costs and easily adjustable features, along with easy-to-deploy Track & Trace platforms with integrated communications capabilities. Fastrax Extended Support Services provide expert advice and consulting in GPS application design. Fastrax is headquartered in Finland and founded in 1999. For further information, please visit http://www.fastraxgps.com.

About MtekVision Co. Ltd.
MtekVision Co. Ltd. is a fabless semiconductor solution provider that develops and delivers innovative multimedia processing and image device IC solutions for mobile and portable devices. Since 1999 MtekVision has been delivering leading edge imaging and multimedia ICs for a range of mobile and portable devices including mobile phones and personal media players. MtekVision provides a one-stop solution in meeting customer's needs with System-on-Chip (SoC) design, software platforms, development boards, system solutions and comprehensive technical support. MtekVision has become Korea's largest fabless semiconductor company having shipped over 300 million chips and having its solutions adopted by over 700 end-products.

MtekVision Co. Ltd. is headquartered in Seoul, Korea, with sales offices world-wide. MtekVision Canada Ltd. (MTC) (http://www.mtekcanada.com) develops and supports the advanced programmable Maple multimedia processor product family using its patented massively parallel SIMD Array Processor Unit. MtekVision Co. Ltd. web site is http://www.mtekvision.com and it is publicly traded on the Korean KOSDAX.

MMP, CSP, CCP are MtekVision trademarks or registered trademarks of MtekVision Co. Ltd. All others mentioned herein are property of their respective owners.

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, velocity and time. The GPS infrastructure has three segments. The space segment nominally consists of 24 satellites that orbit the earth every 12 hours. The control segment consists of monitoring 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 and automotive navigation.

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Kim Kaisti

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