Bosch, Geo++, Mitsubishi Electric and u-blox to Establish Joint Venture Sapcorda Services to Bring High Precision GNSS Positioning Services to Mass Markets

THALWIL, Switzerland, Aug. 8, 2017 /PRNewswire/ -- Bosch, Geo++, Mitsubishi Electric and u-blox today announced the creation of Sapcorda Services GmbH, a joint venture that will bring high precision GNSS positioning services to mass market applications. The four parties recognized that existing solutions for GNSS positioning services do not meet the needs of emerging high precision GNSS mass markets. As a result, they decided to join forces to facilitate the establishment of a worldwide available and affordable solution for System Integrators, OEMs and receiver manufacturers. Each partner brings its unique expertise to the joint venture Sapcorda Services.

Sapcorda will offer globally available GNSS positioning services via internet and satellite broadcast and will enable accurate GNSS positioning at centimeter level. The services are designed to serve high volume automotive, industrial and consumer markets. The real-time correction data service will be delivered in a public, open format and is not bound to receiver hardware or systems. More information will be made available later this year.

"We are looking forward to collaborating with our partners in this joint venture. Together, we want to create a GNSS positioning service that fully supports the requirements for positioning sensors in the automotive sector. Only with built-in safety and the highest levels of precision will we be able to make automated driving reality," says Jumana Al-Sibai, member of the executive management of the Chassis Systems Control division of the Robert Bosch GmbH.

"Geo++ anticipates defining the future of high precision positioning services with our partners at Bosch, Mitsubishi Electric and u-blox. The combination of the partners´ longstanding leadership in automotive and mass market solutions with Sapcorda's commitment to push open formats will pave the way for a raft of next generation GNSS applications," says Gerhard Wübbena founder & president of Geo++.

"Mitsubishi Electric aims to create a border-less global market for high precision positioning systems where receivers will be able to enjoy real-time correction data services potentially interoperable with the Japanese government's 'Centimeter Level Augmentation Service (CLAS)' via the Quasi-Zenith Satellite System. We believe that this venture will accelerate adoption of automated driving and safe driving support," says Masamitsu Okamura, Executive Officer in charge of Electronic Systems at Mitsubishi Electric Corporation.

"We believe this initiative with Bosch, Geo++ and Mitsubishi Electric to create Sapcorda Services will bring a truly disruptive GNSS service offering to the market. Key characteristics such as security, safety and mass-scalability, coupled with an attractive business model and an open approach ? serving all interested GNSS receiver manufacturers alike ? will be a game-changer across a large number of established and emerging applications," says Daniel Ammann, Executive VP and co-founder at u-blox.

Further information will be available on www.sapcorda.com

Contact:

Bosch
Annett Fischer
Phone: +49 711 811 6286
Email: [email protected]

Geo++
Temmo Wübbena
Phone +49 5131 46890
Email: [email protected]

Mitsubishi Electric
Niels Meinke
Phone +81-3-3218-2831
Email: [email protected]

u-blox
Natacha Seitz
Phone +41 44 722 7388
Email: [email protected]

SOURCE u-blox