News Releases Organization Announcement
Hitachi Zosen Corporation, Development Bank of Japan, DENSO Corporation, Japan Radio Co., Ltd., and Hitachi Automotive Systems, Ltd. today announced that they will establish a new company named Global Positioning Augmentation Service Corporation (GPAS) on June 15, 2017 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, 2017 and is expected to generate diverse services using high-precision positioning information.
Within a few years, GPAS aims to commercialize a service for centimeter-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, GPAS 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
|Company name||Global Positioning Augmentation Service Corporation|
|Foundation||June 15, 2017|
|Headquarters||8-17-5, Ginza, Chuo-ku, Tokyo|
|Business||Verification for commercialization of centimeter-level high-precision satellite positioning service, etc.|
|Investors||Hitachi Zosen Corporation, Development Bank of Japan, DENSO Corporation, Japan Radio Co., Ltd., and Hitachi Automotive Systems, Ltd.|