Creating a lidar powerhouse, Ouster OUST -0.66%↓ and Velodyne have completed their previously announced merger. While the companies say it was a “merger of equals,” the new entity will not use the Velodyne name.
The combined companies will operate with more than $315 million in cash...
Otonomo OTMO 0.00 and Urgently have announced that they are merging in an all-stock deal. Urgently and Otonomo stockholders will own approximately 67 percent and 33 percent, respectively, of the new entity, which will trade under the ULY ticker.
After closing, Otonomo will be a...
Geo Week 2023 Offers New Industry Products and Applications
Geo Week 2023 in Denver this week offered several industry panels on drones, survey, lidar, mapping and other topics.
Geo Week press releases:
Autodesk Construction Cloud accepts Cintoo – Premium Integration Partner
How...
Immersive view starts working this week in five cities...
Google Maps added several new features this week, including the launch of immersive view in London, Los Angeles, New York, San Francisco and Tokyo. The announcement, made at Google’s GOOG -4.56%↓ Live From Paris event, also included...
As part of its indoor mobile connectivity strategy, Ericsson ERIC -1.72%↓ has launched a software feature for indoor networks called Ericsson 5G Precise Positioning. The company plans to offer location services for communications services providers (CSPs) and enterprises.
Some of the use cases for...
Maxar Technologies MAXR -0.43%↓ has announced that it was awarded an indefinite delivery, indefinite quantity (IDIQ) contract by the National Geospatial-Intelligence Agency (NGA), worth up to $192 million over five years.
Maxar, under the Foreign Commercial Imagery Program contract, will provide U.S. allies and partners with commercial...
Esri Joins the Overture Maps Foundation
Esri has joined the Overture Maps Foundation, a collaboration founded by Amazon Web Services, Meta, Microsoft and TomTom. Overture’s mission is to create reliable, easy-to-use, and interoperable open map data. Overture members provide data and technological contributions, combining their resources to...
216-satellite LEO constellation will have a navigation payload
A U.S. Space Force agency is planning to procure 72 satellites for a low Earth orbit military constellation that will have a navigation payload. The Space Development Agency, in a draft solicitation, seeks input by March...
MetAlert to Acquire TrakTec for $4.5 Million
MetAlert has agreed to acquire Florida-based TrakTec, a location awareness technology company, for $4.5 million in a cash and stock deal. TrakTec offers iGPS Watches and SafetyNet tracking systems that offer a range of enhanced monitoring services, the...
Telematics company CalAmp CAMP 0.00 said last week it has begun a restructuring plan that includes an 8 percent cut of employees. The company said it is implementing the restructuring plan to realign its operations to be more consistent with its software-and-subscription-services business...
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