u-blox Says Strong First Half of 2010 Driven by Industry Trend toward Location Awareness

September 3, 2010

u-blox, provider of GPS receiver and wireless communication technology, today announced revenue for the first half year 2010 of CHF 49.3 million. This constitutes a 44.3% increase over the first half year of 2009. Gross profit increased strongly by 42.2% from CHF 18.4 million to CHF 26.2 million. EBIT for the first half year of 2010 was CHF 7.6 million and net profit of CHF 6.0 million were higher by 293% in comparison to the same period in 2009.

u-blox continued its successful dual-technology strategy to provide customers with GPS positioning solutions together with wireless communications modules, u-blox said, citing these two examples:

Tier-one European automotive suppliers chose u-blox’ chip-based Automotive Dead Reckoning solution for in-dash car navigation and security systems.
Consumer electronics manufacturers with global brands such as Fujitsu, Mio, and Dual Electronics embedded u-blox’ GPS technology in their latest generation of location-aware notebooks, netbooks and iPod accessories.

During the first half of 2010 u-blox continued to upgrade existing products while developing new ones to serve its customers’ continuing demands for smaller-size, higher performance, and compatibility with the latest wireless communications standards and technology, the company said. It acquired 15 industry patents and patent applications for low-power real-tim GPS technology. The company also launched the 3.5G wireless module LUCY, which enables machines, devices and vehicles to make high-speed data, voice, and video connections over a globally adopted mobile communications network.