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.

Denso Corporation published this content on 14 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 June 2017 07:34:04 UTC.

Original documenthttps://www.denso.com/global/en/news/news-releases/2017/20170614-g02/

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