TerraStar is offering GNSS manufacturers revenue sharing opportunities, including the possibility to launch their own precise GNSS augmentation services via endorsed rebranding of TerraStar services as a reseller. According to TerraStar, this will provide an attractive recurring service revenue stream to GNSS manufacturers that was not previously available in the industry.
TerraStar is a brand name of TerraStar GNSS Ltd., which is a wholly owned subsidiary of Veripos Ltd. Following the acquisition of its parent company by Hexagon AB in March, it will continue as a neutral and independent provider of satellite delivered precise positioning augmentation services for land and nearshore markets. It is already well advanced in plans to expand its service offering, the company said.
Gary Wilcock, general manager of TerraStar, renewed the company’s commitment to resellers, integrators and end customers at the Munich Satellite Navigation Summit, held in March. “TerraStar will remain an open system available to all current and future partners,” Wilcock said. “The TerraStar service will remain available to all partners who have a valid contract on a perpetual basis for as long as long as the services continue to be delivered. We intend to be a long-term partner for our customers.”
Walter Steedman, CEO of Veripos Ltd. Added, “All partners will be treated on a level playing field. Strict information firewalls will be maintained for all TerraStar dealings with different business partners so that all can be assured that market or other sensitive information remains confidential.”