M&A firm to develop business opportunities for GPS technology 

 

 COLORADO SPRINGS, Colorado – April 14, 2008 – Core Capital, through its Electronics and Semiconductor Group (ESG), has signed an agreement with NAVSYS Corporation to develop new strategic business initiatives around a key set of the company’s innovative technology and intellectual property. Core Capital’s ESG, a specialty investment banking practice focused on middle market electronics and semiconductor companies, will develop strategic business initiatives for NAVSYS, a firm providing high-quality technical products and services in GPS hardware design, systems engineering, systems analysis and software design.

 NAVSYS’ current technology includes a unique digital GPS receiver solution called the “TIDGET”, which minimizes the electronic components in mobile products. Since the solution uses external data processing resources, TIDGET offers an extremely compact and ideal approach for small electronic device applications compared to conventional GPS receivers.

TIDGET TrackTag

“It’s a tremendous honor to work with NAVSYS,” explains Loren Lancaster, managing director of Core Capital. “The TIDGET technology is truly a revolutionary approach to collecting GPS data. We consider it an exceptional opportunity to marry this technology with new products.”

 “We believe that TIDGET will prove to catalyze the next wave of GPS enabled products, especially in consumer markets,” says Dr. Alison Brown, founder of NAVSYS. “NAVSYS is now being propelled into an exciting phase of its development by the powerful capabilities of TIDGET.”

 Regarding its relationship with Core Capital’s ESG, Dr. Brown explains, “Few investment banking firms have true expertise and abundant contacts in the electronics industry. Core Capital’s Electronics and Semiconductor Group understands how to leverage its specialized industry resources to structure valuable strategic relationships to commercialize our TIDGET technology.”

 For more information on NAVSYS and its technology, call 719-598-4680 or email

 Core Capital

Core Capital’s Electronics and Semiconductor Group focuses exclusively on providing a range of M&A services to middle market electronics and semiconductor companies. Core Capital is a member company of the International Network of M&A Partners (IMAP), a global partnership of 60 leading merger & acquisition advisory firms located in over 40 countries worldwide. For more information, go to www.ESGibank.com.

 NAVSYS Corporation

NAVSYS provides high-quality technical products and services in GPS hardware design, systems engineering, systems analysis and software design. Founded in 1986 by Dr. Alison Brown, NAVSYS is dedicated to promoting the use of GPS in a wide variety of commercial and military applications. It offers services in three primary areas: GPS, Inertial Navigation Systems, and Communications Systems. For more information on NAVSYS Corporation, visit www.navsys.com.