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Article: Siemens Venture Capital Invests in Global Locate, Inc.
- Article from:
- PR Newswire Europe
- Article date:
- June 2, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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.
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