TMCnet News
Trimble Introduces Agriculture Application(FinancialWire via COMTEX) -- February 2, 2013 (FinancialWire) -- Positioning products company Trimble Navigation Ltd. (NASDAQ: TRMB) recently announced the introduction of a new high-accuracy correction service available to the agriculture market. The Trimble RangePoint RTX correction service is an introductory, cost-effective correction service available to farmers across the contiguous U.S. as well as internationally, the company noted. The company also noted that the service is ideal for broadacre agriculture applications. Trimble's new service reportedly uses satellite broadcast capabilities to deliver real time accuracies of better than 50 centimeter repeatable, or a superior 15 centimeter pass-to-pass, and does not require the use of traditional reference station infrastructure. Market manager for Trimble's agriculture division, Mike Martinez, commented, "Trimble is committed to expanding the services and software applications that we provide to the global farming community. We recently expanded the availability of real-time, satellite-delivered corrections to most of the world through Trimble's CenterPoint RTX correction service. Now, we are enhancing the Trimble correction services portfolio by providing an introductory RTX-based option for farmers looking for more accuracy at an affordable price point. Our customers want a broad range of solutions, and we're delivering those options." Trimble Navigation (approx market cap. US$ 7.9 bil.) provides positioning products worldwide. Its engineering & construction segment offers global positioning systems and robotic optical surveying instruments using optical, laser, radio or cellular technologies for construction. Its field solutions segment provides products for tractors and other farm gear. Its mobile solutions offers vehicle and mobile worker solutions. Its advanced devices provides components for telecom, auto, aircraft navigation and GPS-enabled cell phones. The company was founded in 1978 and is headquartered in Sunnyvale, California. Trimble employs approximately 5,301 people. ========= TRMB stock info: Last quote at close: $62.45 Last close vs. 50-day moving avg.: +1.9% Last close vs. 200-day moving avg.: +19.6% Last close vs. 52-wk high: -2.5% 3-mo. avg. daily volume: 673,381 shares Approx. avg. daily money volume: $41,278,255 ========= INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/). Free ANNUAL REPORTS and COMPANY FILINGS for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/ level=279). ========= FIRSTALERT(tm), an adjunct dissemination of FinancialWire(tm), provides news summaries, special commentary and insight, as well as daily and weekly digests to the financial community. ========= FINANCIALWIRE(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject companies, associated entities or individuals for its news, opinions or distributions. Contact FinancialWire(tm) directly via the FinancialWire(tm) website (at http://www.financialwire.net/contact/). Copyright (C) MMXII, FinancialWire(tm); All rights reserved. ========= Stocks: Trimble Navigation Limited (NASDAQ: TRMB) ========= http://www.financialwire.net |