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Technology Stocks : NovAtel - Global Positioning Systems -- Ignore unavailable to you. Want to Upgrade?

To: David Rubin who wrote (185)	8/11/1998 6:36:00 PM
From: Roman	Read Replies (1) \| Respond to of 191

Attention Business Editors: NOVATEL ANNOUNCES RESIGNATION OF CEO CALGARY, Aug. 11 /CNW/ - NovAtel Inc. (NASDAQ: NGPSF) today announced that President and Chief Executive Officer Pascal E. Spothelfer has advised the Board of Directors of his intention to leave to pursue other career opportunities. ''Pascal will remain for the period of time required to ensure a proper transition of the operations,'' said William I.M.Turner, Jr., Chairman of the Board. ''An announcement of the future governance of NovAtel is expected within the next few weeks.'' ''We want to thank Pascal for his guidance and many contributions to NovAtel during his tenure,'' added Turner, ''and we wish him well in all his future endeavours.'' NovAtel Inc. designs, markets and supports a broad range of products that determine precise geographic locations using the Global Positioning System (''GPS''). NovAtel's GPS products are used principally for applications in high-end markets such as surveying, geographic information systems, aviation, marine, mining and machine control and agriculture. Certain statements made in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or developments in the Company's industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, certification and market acceptance of the Company's new products, impact and timing of large orders, pricing pressures in the market and other competitive factors and maintaining technological leadership, together with the other risks and uncertainties described in public filings. -0- 08/11/98 For further information: Pascal E. Spothelfer, (403) 295-4597, William I.M. Turner, Jr., (514) 982-0188