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NEWS ACQUISITIONS, MERGERS & AGREEMENTS Intel and Ericsson Back UK Startup in Location-Based Tech If the direction of investment dollars and emerging technology projects are any indication of where the mobile industry is placing its bets, the location-based market appears to be the favorite. This was confirmed again when two leaders in the industry, Intel Corp. and Telefon AB L.M. Ericsson, announced they had invested in U.K. startup Cambridge Positioning Systems, Ltd. (CPS).CPS said that Intel Capital, Ericsson Holding International BV, Infineon Technologies, Siemens’ Mustang Ventures and investments from existing venture capitalists completed its third round of funding, for a placement of almost $32-million. Chris Wade, CPS’s chief executive officer, told Dow Jones that the latest round values the company at more than $100-million, which is double its value at the last round of funding in May. Once installed in an operator’s network and handsets, CPS’s software allows a customer’s location to be tracked within 50-meters. Ericsson, Siemens AG, and Nortel Networks have agreed to integrate CPS’s technology into their networks, the company said. For more information: www.cursor-system.com/news_detail.asp?id=41 Mobileinfo Comments and Advisory: Cambridge Positioning System is a good solution to location-based market. Backing from Ericsson and Intel will help.Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures. All trademarks used in this summary are the property of their respective owners. NEWS
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