Wi2Wi Announces the World’s Smallest Stand-Alone GNSS Module for the M2M and Wearable Markets
Toronto, Ontario (FSCwire) - Wi2Wi Corporation ("Wi2Wi" or the "Company") is pleased to announce W2SG0021i, a State-of-the-Art Industrial-Temperature Miniature GNSS Module, based on the leading-edge newly introduced and market proven CSR-SiRF Star V chip.
The W2SG0021i is a high sensitivity, low power GNSS receiver designed for portable applications. It can concurrently track multiple satellite constellations (GPS, GLONASS, BDS, SBAS, and Galileo ready). Its ultra-fast time-to-first-fix, small form factor, and high receive sensitivity make it an ideal GNSS solution for a broad spectrum of OEM products.
This module provides precision commercial-grade GNSS location identification over -40C to +85C. Measuring only 7mm x 7mm, the W2SG0021i addresses the need for a cost-effective and high-performance GNSS module for major markets worldwide.
It is important to note that M2M and wearable markets require GNSS modules with high position accuracy, low power, and very small form factor, stated Wi2Wi CTO/VP of the Engineering, Dr. Tony Fardanesh, and Wi2Wi pushes these limits in its GNSS, Wi-Fi, and Bluetooth solutions.
Precision location features and the small form factor of W2SG0021i enable Wi2Wi to penetrate into the GNSS market globally. Wi2Wi continue to invest in research and development of high precision connectivity solutions, timing devices and frequency controllers to the global customer base, stated Dr. Hans Black, Chairman of the Board.
The W2SG0021i samples and development kit will be available in Q1 2015.
Wi2Wi designs, manufactures and markets miniaturized embedded wireless connectivity solutions (incorporating both hardware and software), high precision timing devices and frequency controllers for premium industrial/medical, Avionics, Home automation and government markets worldwide. These products and value added services provide highly integrated, multifunctional wireless sub systems for mobile applications of all forms for mobile devices.
For further information, please contact:
Zach Mathews
Chief Executive Officer
408 416 4202
zach@wi2wi.com
Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com).
This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to, among other things, the Proposed Transaction. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements. Completion of the Proposed Transaction described herein is dependent on a number of factors and is subject to a number of risks and uncertainties, and it is not certain that the Proposed Transaction will be completed. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Com0pany`s or Wi2Wi’s business, general business, economic and competitive uncertainties and delay or failure to receive board, shareholder or regulatory approvals.
Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
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public://news_release_pdf/wi2wi12302014.pdf
Source: Wi2Wi Corporation (TSX Venture:YTY) http://www.wi2wi.com/
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