Fastrax Ltd. MoneyTalks Forum 10 November 2011CONFIDENTIAL – DO NOT DISTRIBUTE
Introduction Founded 1999 Headquarters in Espoo, Finland Solid team of 30 professional in the domain of GNSS (Global Navigation Satellite Systems) receivers Shareholders Management 67% Investors 33% Our customers: device manufacturers Revenue 2011 ≈ 10 M€ 2 CONFIDENTIAL – DO NOT DISTRIBUTE
Fastrax in GNSS business- from silicon to software GPS receiver modules Software GPS According to ABI Research: “The last major shift is to full software GNSS design” Shift from silicon to software is a tremendous market opportunity for Fastrax! 3 CONFIDENTIAL – DO NOT DISTRIBUTE
GNSS market by ABI Research 2011, more information: http://www.abiresearch.com/analystinquiry.jsp By 2016 the GPS IC market will grow from 4 billion USD to 7 billion USD Fastrax estimates that SW GNSS will take 30% of the market by 2016 GPS IC market GLONASS IC market 1,800 1,600 1,400 1,200 (Millions) 1,000 800 600 400 200 0 2010 2011 2012 2013 2014 2015 2016 CONFIDENTIAL – DO NOT DISTRIBUTE
Target segments and applications• Cellular• Tracking: Vehicles, trucks, anti-theft, safety of people, pets• Communication devices: (military) computers, radios• Recreational devices: golf, biking, outdoors sport, watches• Industrial devices: bar code readers, parcel tracking, alcometers, car toll systems• Timing: synchronization of lights, networks, wind turbines, solar panels, femtocells• Consumer devices: laptop computers, tablets, cameras, PND devices• Handheld devices: smart phones, media players CONFIDENTIAL – DO NOT DISTRIBUTE
Value chain and proposition Examples of players in each domain 100M-1000M OS & LBS vendors Microsoft, Google,… Microsoft, Google, Symbian etc. 10-100M End User Equipment Samsung, HP, Nokia,… Nokia, TomTom, HP etc. 1-10M Design Houses/EMS Foxconn, Malata,… Foxconn, Malata etc.Target 10-100M CPU Manufacturers Samsung, TI, Freescale,… Samsung, MTek, Nvidia, TI etc.market 100M-1000M CPU IP Vendors Intel, MIPS, ARM,… MIPS, ARM etc. Replacement of HW based solution with SW GNSS Save 1-2€ per unit in BoM costs Even more savings in hybrid (eg. GPS+GLONASS) solutions Flexibility by upgradable firmware up-selling opportunity Fastrax is the leading company in the emerging SW GNSS market Long experience and development history of IPR 6 CONFIDENTIAL – DO NOT DISTRIBUTE
Global distribution Espoo, Finland Europe - Distributors • Europe - Rutronik HeadquartersNorth America - Sales • Scandinavia: Acte • Germany: Texim EMS Partners and • Switzerland: Ineltro Production engineer in • UK: 2K1, Anglia Korea • France: Via Design • Spain/Portugal: Matrix • Italy: Direct EMS Partner • Russia: Ultran and FAE in Hong Kong - China sales Italy- Sales North America - Distributors • Premier Technical Sales Asia - Distributors & reps: • Korea: SheenBang, Safetrack • Taiwan: ARW Africa & Middle East – Distributors • China: Sinocom South America – Distributors • Japan: M-RF • Israel: Tritech • Premier Technical Sales • Malesia: Pulse • South Africa: Electrocomp • Singapore: Pulse • Australia & NZ: Glyn • India: V3Novus 7 CONFIDENTIAL – DO NOT DISTRIBUTE
Summary Ownership interests have been aligned Dream team is motivated Strategy is crystal clear Spot in value chain has been optimized GNSS market growing fast New exploding markets: GLONASS, Galileo, Compass,… Market shift to SW GNSS creates us a profitable super growth opportunity CONFIDENTIAL – DO NOT DISTRIBUTE
Contact Fastrax Oy Itsehallintokuja 6 02600 Espoo, Finland tel: +358-(0)9-8240 9690 fax: +358-(0)9-8240 9691 www.fastraxgps.com Taneli Tuurnala, CEO Pekka Ruusunen, Chairman Mobile: +358 40 8407703 Mobile +358 400 410533 firstname.lastname@example.org email@example.com CONFIDENTIAL – DO NOT DISTRIBUTE
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