Trimble Navigation Limited
935 Stewart Drive
Post Office Box 3642
Sunnyvale, CA 94085
Trimble Wins U.S. Army Construction Equipment Contract
SUNNYVALE, Calif., Feb. 28, 2002 - Trimble (NASDAQ:TRMB) announced today that it has been awarded a contract from the U.S. Army to provide grade control and laser leveling systems for their heavy construction equipment. The contract is valued at approximately $1.7 million.
Under the contract, Trimble will supply grade control systems for the Army's new hydraulic excavators called the HYEX. In addition, Trimble will supply laser leveling systems used for surveying, grade checking and establishment of grade control on the new excavators. This is the second Army contract that has been awarded to Trimble for grade control systems; the first was issued in the spring of 2001.
Trimble is supplying its BucketPro® excavator control system, L1145-2 dual slope laser systems and LaserplaneTM electric masts with receivers. Terms of the contract specified installation and training by Trimble at 28 domestic and international locations. Shipments are scheduled to begin immediately; revenue recognition for the contract is based on the customer's installation schedule.
The U.S. Army first evaluated Trimble products at Fort Irwin, California in the 1990's. This testing demonstrated significant saving in productivity, time, labor and materials that would be achieved through the use of these systems. Trimble's earthmoving control systems are used on heavy construction equipment owned by the Air Force, Army and Marines.
About Trimble's Engineering and Construction Division
The combination of Trimble and Spectra Precision, the world leaders in GPS, construction lasers, robotic total stations and machine control solutions, is creating a broad range of innovative solutions that will change the way construction work is done. The Engineering and Construction Division of Trimble is focusing on the development of technology and solutions in the core areas of machine control, surveying, and construction instruments. From concept to completion, Trimble's integrated systems streamline jobs and improve productivity.
Trimble is a leading innovator of Global Positioning System (GPS) technology. In addition to providing advanced GPS components, Trimble augments GPS with other positioning technologies as well as wireless communications and software to create complete customer solutions. Trimble's worldwide presence and unique capabilities position the Company for growth in emerging applications including surveying, automobile navigation, machine guidance, asset tracking, wireless platforms, and telecommunications infrastructure. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has more than 2,000 employees in more than 20 countries worldwide.
This release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. Among the important factors that could cause Trimble's actual results to differ materially from those expressed in, or implied by, the forward-looking statements herein are the company's ability to guarantee delivery dates, revenue recognition due to customer installation schedules, and other matters disclosed in Trimble's filings with the SEC, including Form 10-K and Form 10-Q.
Investor Relations: Investor Relations of Trimble: 408-481-6914
Media Contact: LeaAnn McNabb of Trimble: 408-481-7808