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 – 8 August 2017 – Bosch, Geo++, Mitsubishi Electric and u-blox (SIX:UBXN) 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.

Media Contacts

 

Bosch Annett Fischer Phone:+49 711 811 6286 Email: Annett.Fischer@bosch.com	Geo++ Temmo Wübenna Phone: +49 5131 46890 Email: temmo.wuebbena@geopp.de
Mitsubishi Electric Niels Meinke Phone: +81-3-3218-2831 Email: prd.gnews@nk.MitsubishiElectric.co.jp	u-blox Natacha Seitz Phone: +41 44 722 7388 Email: natacha.seitz@u-blox.com

About Robert Bosch GmbH

 

About Geo++ GmbH

Geo++ is a leading supplier of GNSS software for positioning applications. Geo++ has invented network RTK in the early 90’s and has ever since kept technology leadership in the field of GNSS augmentation leading to the development of SSR. Geo++ offers software solutions for professional GNSS correction service providers, including agricultural equipment manufacturers, surveying authorities and major transportation stakeholders. Geo++’s mission is to steadily deepen its understanding of satellite navigation. Consequently, Geo++ also offers consultancy and calibration services to enable its customers to set up the ideal infrastructure for their business. http://www.geopp.de
 

About Mitsubishi Electric Corporation
With over 90 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Embracing the spirit of its corporate statement, Changes for the Better, and its environmental statement, Eco Changes, Mitsubishi Electric endeavors to be a global, leading green company, enriching society with technology. The company recorded consolidated group sales of 4,238.6 billion yen (US$ 37.8 billion*) in the fiscal year ended March 31, 2017. For more information visit:
www.MitsubishiElectric.com.
*At an exchange rate of 112 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2017
 

About u-blox AG
Swiss u-blox (SIX:UBXN) is a global leader in wireless and positioning modules and chips for the automotive, industrial and consumer markets. u-blox solutions enable people, vehicles and machines to locate their exact position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules and software solutions, u-blox is uniquely positioned to empower OEMs to develop innovative solutions for the Internet of Things, quickly and cost effectively. With headquarters in Thalwil, Switzerland, u-blox is globally present with offices in Europe, Asia, and the USA.
(www.u-blox.com)
Find us on Facebook, LinkedIn, Twitter @ublox and YouTube

About Sapcorda Services GmbH
Further information will be available on www.sapcorda.com/