Canada's NovAtel Expands Niche In Precision Global Positioning.(THE IBD 100)

Publication: Investor's Business Daily

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Byline: JONAH KERI

For a hiker or fisherman who wants to make sure he's not lost, there's a wide range of GPS-enabled devices. Sure, those gadgets may have a margin of error of 10, 20 feet, but if you're pitching a tent or landing a bass, no big deal.

But many commercial users need more precise readings, even down to the millimeter. It's those exacting customers that NovAtel wants to reel in.

The Calgary, Alberta-based firm makes global positioning devices that determine precise geographic locations. They're designed to help tractors harvest crops more efficiently and help land surveyors more precisely record coordinates. Other uses include aviation, marine, machine control and precision timing products.

Though NovAtel is a $125 million microcap with just $50 million in trailing...

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