Tokyo, June 14, 2017 ---Hitachi Zosen Corporation, Development Bank of Japan, DENSO Corporation, Japan Radio Co., Ltd., and Hitachi Automotive Systems, Ltd. today announced that they will establish a new company named Global Positioning Augmentation Service Corporation (GPAS) on June 15, 2017 in the form of a joint investment.
Recently, high-precision positioning information is increasingly used in fields such as agriculture, construction, and disaster prevention. Demand for such information is expanding worldwide for both land-based and maritime applications. In Japan, Michibiki No.2 (Quasi-Zenith Satellite) was successfully launched on June 1, 2017 and is expected to generate diverse services using high-precision positioning information.
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