Europe’s GPS Adds New Growth Potential

Article Excerpt

We’ve had great success with our GPS picks over the last few years. These companies have continued to find new uses for GPS, including navigation maps on cell phones, devices that let farmers more accurately and even remotely work their fields, training devices for runners to measure distance and times and antitheft devices for cars and other property. The Global Positioning System (GPS) is a 24 satellite navigation system run by the U.S. government that lets users precisely determine their geographic location and speed anywhere in the world. The European Union is now in the later stages of developing its own Global Navigation Satellite System (GNSS). It expects this system, called Galileo, to be fully operable in 2010 to 2012, with up to 30 satellites orbiting the earth. The GNSS system promises to give users higher precision than GPS, greater penetration in urban centers, inside buildings, and under trees, plus improved availability at higher latitudes. It will also offer an alternative system not…