Scoop has an Ethical Paywall
License needed for work use Register

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Navman completes $40m deal

10 December 2004

Navman completes $40m deal for German road toll project

Navman Completes Multi Million Dollar Contract For German Road Toll Programme

Navman NZ Ltd has just completed the final shipment of Navman GPS technology, worth in excess of $NZ40m, to the German Road Toll Programme.

Navman Vice President - OEM Group, Mark Bowman, says this is just the beginning of Navman's participation in the automotive and road tolling markets. Navman is actively engaged in several road toll opportunities worldwide.

The German Road Toll Programme begins on January 1, 2005, electronically collecting road tax from heavy trucks using Germany's autobahns. Navman's GPS modules provide the core GPS functionality of that system, billed as one of the most intelligent toll levying systems in the world combining GPS and GSM based communication. GPS eliminates the need for a network of transmission/receiver units along the road that beacon or gantry based systems require.

Bowman says Navman's dead reckoning GPS technology was a significant criteria in winning the deal. Dead reckoning provides uninterrupted location information when access to GPS is restricted by road tunnels.

"This is an excellent example of building new markets on Navman's core GPS technology," says Bowman. "Not only does it bring in significant revenues for Navman and New Zealand, but also demonstrates that New Zealand companies can deliver high volume, high quality electronics to the global market."


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
Business Headlines | Sci-Tech Headlines

FMA: MAS To Pay $2.1M Penalty For Making False Representations

Following proceedings brought by the FMA, MAS has been ordered to pay a $2.1M penalty for making false and/or misleading representations to some customers. MAS admitted failing to correctly apply multi-policy discounts and no claims bonus discounts to some customers, failing to correctly apply inflation adjustments on some customer policies, and miscalculating benefit payments. More

IAG: Call On New Government To Prioritise Flood Resilience

The economic toll of our summer of storms continues to mount, with insurance payouts now topping $1B, second only to the Christchurch earthquakes. AMI, State, & NZI have released the latest Wild Weather Tracker, which reveals 51,000 claims for the North Island floods & Cyclone Gabrielle, of which 99% (motor), 97% (contents), and 93% (home) of claims have now been settled. More


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.