Cobra 2002 Annual Report Download - page 11
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Please find page 11 of the 2002 Cobra annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.8 COBRAELECTRONICSCORPORATION
2002ANNUALREPORT 9
Byutilizing18GPSchannelsinsteadofthestandard12
channelsusedbycurrentcompetitors,Cobraisableto
getusersup-and-runninginhalfthetime.Thisexclusive
A.S.A.P.™(AcceleratedSatelliteAcquisitionProtocol™)
technology,coupledwithCobra’sexclusiveuseofRand
McNallymappingsoftwareandahighlyintuitiveuser
interface,willenableCobratoraisethebarforuser-
friendlinessdramatically.
Cobra’snewlineofhand-heldGPSreceiversisjustthe
rststepinthecompany’sforayintotheworldofGPSand
navigation.InJanuary2003,Cobraannouncedanexclusive
productdevelopmentandlicensingagreementwith
HorizonNavigation,onetheworld’spioneersinGPSand
navigationtechnology.AdivisionofVisteonCorporation
untilitwasspunoffandpurchasedbyitsmanagement
inMarchof2002,Horizonwasnamed“#1Navigation
SystemsSupplier”by
AutomotiveIndustries
magazine
in2001.CobraandHorizonarecurrentlyco-developing
alineofbreakthroughvehiclenavigationmodelsfor
introductioninearly2004.Beyondthis,Cobraistalking
withHorizonandothertechnologyvendorsaboutseveral
othernewproductandnewbusinessopportunitiesthat
incorporateGPStechnology.
GPStechnologyholdsthepotentialtoenhancethemass
marketconsumer’sproductivity,safetyandsecurityinan
untoldnumberofways.Cobrafullyintendstobeoneof
thecompaniesleadingthewayinapplyingthisexciting
technologytoenrichpeople’severydaylives.