Article: Siemens Venture Capital Invests in Global Locate, Inc.

MUNICH, Germany and SAN JOSE, California, June 2 /PRNewswire/ --

Siemens AG (NYSE: SI) and Global Locate, Inc., today announce a multimillion-dollar investment by Siemens Venture Capital (SVC) and a product alignment with the Siemens Communications Group supporting their strategy in the A-GPS (Assisted Global Positioning Systems) market. Global Locate is focused on the emerging market for Location Based Services (LBS) by marketing a portfolio of Assisted-GPS semiconductor solutions, network products and services. Siemens is to integrate Global Locate's A-GPS technologies into its new solution for A-GPS.

Christoph Caselitz, the President of the Mobile ...

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