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Technology Stocks : Baidu (BIDU)

BIDU 123.82

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Dec 19 9:30 AM EST

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From: Sr K	9/2/2014 11:31:09 PM
	of 2098

IndoorAtlas Receives US $10 Million Investment From Baidu and Signs Exclusive Agreement for Chinese Market IndoorAtlas Poised to Capture Chinese Market With Access to a Billion Potential Subscribers 9:01 PM BEIJING, CHINA and MOUNTAIN VIEW, CA and OULU, FINLAND--(Marketwired - Sep 2, 2014) - IndoorAtlas, the global leader in magnetic positioning technology for indoor location, today announced that it has agreed to a $10 million investment from Baidu (NASDAQ: BIDU), the world's leading Chinese search engine. IndoorAtlas also announced it is signing an exclusive agreement for the Chinese market with Baidu. Through this partnership, Baidu intends to strengthen its indoor mapping offering with cutting-edge technology that will be unique in China. IndoorAtlas uses earth's geomagnetic field to pinpoint the exact location inside a building with an accuracy of two meters. . Baidu will highlight the first IndoorAtlas solution customized for the Baidu Maps app at its annual Baidu World conference, being held in Beijing on September 3rd. . . finance.yahoo.com

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