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NavStar Technologies provides GPS related hardware and services in both the consumer and commercial markets to US and international customers.
The merger of Argo Navigation and NavStar Technologies brings together wireless products with similar business strategies while addressing two different market segments. NavStar delivers affordable hands-free calling voice driven navigation system. Argo provides GPS products and services that track/monitor vehicles and other valuable assets.
The NavStar is positioned to take full advantage of two current market trends.
(1) Location Based Services (the use of GPS to provide services based on an user’s location) market is in the inauguration stage of growth.
(2) GPS products and services are predicted to continue to grow at record velocity as hardware prices lowered and new services are added.
NavStar is advantageously positioned to capture both of these trends.
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