Does Applanix currently use Trimble GPS technology in its solutions?
Yes. Applanix uses Trimble’s high-precision BD750 GPS board in two of its four product lines today. Integration work is now underway to incorporate Trimble’s new BD950 in all of Applanix’s products. What is the purchase price? Trimble will pay CA$25 million or approximately US$18.6 million in stock at the date of close. The transaction will be accounted for as a purchase. When will the acquisition close? The acquisition is expected to close in the next three weeks and is subject to usual and customary closing conditions. Will Applanix act as a wholly owned subsidiary of Trimble? Yes. Applanix will be a wholly owned subsidiary of Trimble and will continue its operations and manufacturing in Canada after the close. Moving forward, what are the financial implications for Trimble with the addition of Applanix? For fiscal year ending July 31, 2002, Applanix had revenues of CA$21.9 million or approximately US$16.3 million. The Company has been growing revenues at an average rate of more than
