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Hemisphere GPS Signs Licensing Agreement with John Deere for eDriveX&;#8482; Steering System Compatibility

^{Published on 2011-03-10 15:00:37 - Market Wire}
 

CALGARY, March 10 /CNW/ - (TSX: HEM) Today, Hemisphere GPS announced a software license agreement with Deere & Company that enables Hemisphere GPS to enhance aftermarket compatibility of its Outback™ eDriveX automated steering system with John Deere's new AutoTrac™ Ready tractors. Hemisphere GPS' Outback Guidance^® systems are currently compatible with existing John Deere machinery. This new license agreement allows Hemisphere GPS continued compatibility for the aftermarket installation of eDriveX and represents Deere's commitment to an open, managed architecture for their precision farming solutions. The updated Outback eDriveX compatibility will simplify installation and offer seamless automated steering operation on John Deere's 2011 AutoTrac Ready tractors.

Hemisphere GPS' Outback eDriveX automatically steers farm machinery to centimeter-level accuracy. As a result, farmers easily plant seed and apply chemicals only where needed - minimizing application costs, reducing driver fatigue and increasing productivity. Hemisphere GPS' newly announced eTurns™, the latest eDriveX feature, automatically steers the turn at the end of each row and will be available with the new John Deere AutoTrac Ready compatible version of eDriveX.

"Our agreement with John Deere ensures that we continue to provide customers with our leading automated steering systems in their most popular line of new tractors," said Kip Pendleton, Senior Vice President and General Manager, Agriculture at Hemisphere GPS. "Our success at developing precision farming solutions for all types and brands of farm machinery means nearly all farmers can benefit from the productivity gains of our Outback Guidance products."

About Hemisphere GPS
Hemisphere GPS designs and manufactures innovative, cost-effective GPS products for positioning, guidance, and machine control applications in agriculture, marine, construction, and other markets. The Company holds numerous patents and other intellectual property and owns several leading brand names, including Outback Guidance®, a leading brand in precision GPS for agriculture. The Company is headquartered in Calgary, Alberta, with major product development, sales, and marketing facilities in Arizona, Kansas, and Australia. Hemisphere GPS is listed on the Toronto Stock Exchange (TSX) trading under the symbol "HEM" and is one of the TSX Cleantech designated companies. For more information about Hemisphere GPS, please go to [ www.hemispheregps.com ].

™ AutoTrac is a trademark of Deere & Company

The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Hemisphere GPS' control, including: the impact of general economic conditions, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to the announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Hemisphere GPS' actual results, performance or achievement could differ materially from those expressed in, or implied by these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceed, that Hemisphere GPS will derive there from.