Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 14 June 2017, 18:22 HKT/SGT
Share:
    

Source: Denso
Global Positioning Augmentation Service Corporation (GPAS) Newly Established for Commercialization of Centimetre-level High-precision Satellite Positioning Service

TOKYO, June 14, 2017 - (JCN Newswire) - Hitachi Zosen Corporation, Development Bank of Japan, DENSO Corporation, Japan Radio Co., Ltd., and Hitachi Automotive Systems, Ltd. today announced that they established a new company named Global Positioning Augmentation Service Corporation (GPAS) on June 15 in the form of a joint investment.

Recently, high-precision positioning information is increasingly used in fields such as agriculture, construction, and disaster prevention. Demand for such information is expanding worldwide for both land-based and maritime applications. In Japan, Michibiki No.2 (Quasi-Zenith Satellite) was successfully launched on June 1, and is expected to generate diverse services using high-precision positioning information.

Within a few years, GPAS aims to commercialize a service for centimetre-level precision global satellite positioning through verification testing utilizing a high-precision orbit and clock analysis tool. Seeking the cooperation of relevant authorities and businesses, the five companies will work to establish a fundamental technology that supports the global deployment of autonomous vehicles and agricultural/construction machinery, in addition to maritime and meteorological observation applications.

As the nature of this project contributes to strengthening corporate competitiveness through cross-industry collaboration, Development Bank of Japan is investing in GPAS under a special financing program for supporting the competitiveness of growing companies and industries.

Overview of GPAS
http://www.acnnewswire.com/topimg/Low_OverviewGPAS.jpg


About Denso

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

Contact:
Sadayoshi Yokoyama, Toshiko Watanabe 
DENSO CORPORATION 
Phone: 81-566-25-5594 
Fax: 81-566-25-4509 
sadayoshi_yokoyama@denso.co.jp 
toshiko_watanabe@denso.co.jp


June 14, 2017 18:22 HKT/SGT
Source: Denso

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Multimedia
View Image
 

Denso
June 28, 2018 10:42 HKT/SGT
DENSO to Integrate the Operations of Three Group Companies in South Korea
May 17, 2018 14:33 HKT/SGT
DENSO Invests in U.S. Startup Metawave to Deliver Smart Radar for Autonomous Cars
May 15, 2018 13:41 HKT/SGT
DENSO Releases New Safety Monitor to Reduce Accidents Involving Commercial Vehicles
Apr 27, 2018 14:07 HKT/SGT
DENSO Announces Fiscal Year ending March 31, 2018 Financial Results
Apr 18, 2018 14:51 HKT/SGT
DENSO Obtains Stake in On The Road to Accelerate Development of Technology Used in MaaS
Mar 29, 2018 17:06 HKT/SGT
DENSO to Integrate the Management of Two Subsidiaries that Manufacture Parts
Mar 29, 2018 16:50 HKT/SGT
DENSO Brings Advanced Automotive Technology R&D to Israel
Feb 22, 2018 14:22 HKT/SGT
DENSO Leads Dellfer's Initial Funding Round, Supporting Cybersecurity for Connected Vehicles
Feb 21, 2018 19:37 HKT/SGT
Denso: European Commission's Announcement Concerning the EU Competition Law related to Certain Automotive Components
Feb 14, 2018 12:06 HKT/SGT
DENSO Takes a Stake in CREATIONLINE to Strengthen Connectivity Business
More news >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: