GEODNET Foundation, the World’s Largest RTK Network, Announces New Customers in Automotive, Drones, IoT, Farming and Surveying
June 25 2024 - 10:00AM
Business Wire
GEODNET’s network now has more than 7,000
stations, and the GEOD utility token is listed on popular token
exchanges
The GEODNET Foundation, the web3 organization governing the
world’s largest Real-Time Kinematic (RTK) network GEODNET, is
excited to announce new distribution and OEM agreements with more
than ten new enterprise customers including: AllyNav, Bad Elf,
bynav, Sensori Robotics, and Unmanned Life.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240625130856/en/
GEODNET announce new customers. (Graphic:
Business Wire)
Customer selection validates that GEODNET’s blockchain-based
global RTK and GNSS correction network consisting of more than 7000
stations provides a unique value proposition combining
affordability, precision, and reliability.
Customer
Application
Website
AllyNav
Precision Farming
https://www.allynav.com/
Bad Elf
Survey GNSS
https://bad-elf.com/
bynav
Automotive and IoT OEMs
https://www.bynav.com/
Sensori Robotics
IoT Robotic Lawnmowers
https://www.sensorirobotics.com/
Unmanned Life
Drone Orchestration
https://unmanned.life/
“Today we announced a wide range of new customers whose
business’s span Automotive Electronics, Drone Technology, IoT
Robotics, as well as traditional Farming and Surveying Equipment.
These newly announced customers as well as an additional five
non-public contracts demonstrate the breadth and growth of
applications for precise location using GEODNET,” said Mike Horton,
Project Creator of GEODNET.
The GEODNET ecosystem is undergoing continuous growth with an
average of 100 to 200 GNSS references stations added per
week during the first half of 2024. The GEOD utility token is
now available on several notable centralized and decentralized
token exchanges including Gate.IO, MEXC, Mimo, Quickswap, and
Uniswap, and the crosschain GEOD token is live on both the Polygon
and IoTeX Ethereum-compatible blockchains.
GEODNET is the world’s largest Global Navigation Satellite
System (GNSS) reference network for Real-Time Kinematics (RTK)
based positioning. Standard GPS is usually off by two meters;
however, devices connected to GEODNET’s global RTK network can
achieve instant accuracy within 1-2 centimeters. Many IoT and
autonomous applications, such as drones, smart mowers, and Advanced
Driver Assistance Systems (ADAS), have already shifted to RTK in
lieu of standard GPS positioning.
GEODNET is a community-based Decentralized Physical
Infrastructure Network (DePIN). Anybody can contribute to the
network by installing and operating a reference station known as a
satellite miner. Satellite miners deliver precise RTK correction
data to devices equipped with GNSS receivers within a range of
approximately 20-40 kilometers. GEODNET has over 7000 registered
reference stations in 2500+ cities across 120+ countries today.
Ultimately, GEODNET aims to provide the world’s most robust
precision navigation system to a variety of industries, including
self-driving cars, agriculture, consumer robots, and more.
GEODNET is the brainchild of Mike Horton, a successful
entrepreneur with a long track-record in the navigation space. Mike
previously founded Crossbow Technology in 1995 and served as CEO
until it was sold to Moog Inc. in 2011. He is co-founder and CTO of
ANELLO Photonics, the Creator of the Silicon Photonic Optical
Gyroscope.
About GEODNET
GEODNET is a highly reliable, Web3 RTK Network that uses DePIN
principles. Using only a low data rate network connection,
Real-Time Kinematics enables a 100x improvement in position
accuracy as compared to standalone GPS. GEODNET's global network of
RTK stations complement on-device sensors such as Cameras, LiDAR,
and IMU's to power AI-based Autonomous Systems with accurate
real-time 3D localization.
For more information:
Geodnet White Paper Website Dune Dashboard
Twitter
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240625130856/en/
info@geodnet.com