locate, communicate, accelerate
u-blox Communication Technology for Mobility
Thomas Seiler, CEO
Helvea Swiss Equities Conference
January 2013
u-blox at a glance
u-blox is a leading fabless semiconductor provider of positioning and wireless communication solutions.
We design, develop and sell modules and chips to OEMs in the global consumer, industrial and automotive markets.
Our technology is at the heart of products everywhere.
© u-blox Holding AG Slide 2
Disclaimer
This presentation contains certain forward-looking statements. Such forward looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, performance or achievements of the Group to differ materially from those expressed or implied herein.
Should such risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this presentation.
u-blox is providing the information in this presentation as of this date and does not undertake any obligation to update any forward-looking statements contained in it as a result of new information, future events or otherwise.
Increasing consumer expectations and expanding infrastructure capabilities – a self acceleration cycle
Slide 4
*
**
4G(LTE) is the upcoming wireless standard for data transmission with very high speed – up to150 Mbits/sec.
The outcomes in the market are many-fold.
* 4G – the next genetration network standard for mobile
communications (LTE)
Cloud services
Gaming Social
Networking
* Never stop uploading complete photo
folders within seconds. ** 4G – the next generation network standard for mobile communications (LTE)
Streaming
Video Photo Sharing
© u-blox Holding AG
Data traffic rising dramatically
Slide 5
Q4 2012
>1000 PetaBytes Total data traffic per month
0
100
200
300
400
500
600
700
800
900
1000
Q1
20
08
Q2
20
08
Q3
20
08
Q4
20
08
Q1
20
09
Q2
20
09
Q3
20
09
Q4
20
09
Q1
20
10
Q2
20
10
Q3
20
10
Q4
20
10
Q1
20
11
Q2
20
11
Q3
20
11
Q4
20
11
Q1
20
12
Q2
20
12
Q3
20
12
To
tal N
etw
ork
Tra
ffic
(Peta
byte
)
Voice
Data
1 Petabyte = 1 Million Gigabyte
Source: Ericsson
© u-blox Holding AG
0
20
40
60
80
100
120
140
160
180
200
2012 2013 2014 2015 2016
LTE
Sub
scri
be
rs
APAC
North America
Europe
Strong 4G(LTE) subscriber growth
Slide 6
2016
400 Million Total subscribers
2012
4G(LTE) Fastest developing system
In the telecom history Source: PriMetrica
© u-blox Holding AG
(million)
An explosion of connected devices The Internet of things
Slide 8
2020
29 Billion Total Connected Devices
2011
13 Billion Mobile Consumer Devices
2011
14 Billion Total Connected Devices
2020
17 Billion Mobile Consumer Devices
Source: GSMA
© u-blox Holding AG
2020
12 Billion Mobile M2M Devices
The Internet of things - M2M reaches many needs, mobile and stationary
Network Security
Retail
Trans-portation
Industrial
Health-care
Consumer
Energy Buidlings
Slide 9
4G(LTE) at the core
© u-blox Holding AG
Mobile things: Managed fleets
Slide 10
2010
2 Million Fleet Management devises
for trucks in Europe
2015
5 Million Fleet Management devises
for trucks in Europe
Source: Berg Inisght
© u-blox Holding AG
Mobile things: Connected cars
Slide 11
Mobile Infotainment
Stolen vehicle recovery
Traffic updates
Emergency call 2012
60 Million New cars worldwide
Source: Accenture, oica
2006
50 Million New cars worldwide
2000
22% of cost
are Electronics in cars
2020
40% of cost
are Electronics in cars
© u-blox Holding AG
Stationary things: Smart utility meters
Slide 12
2020
71 Million Smart gas meters
2012
11 Million Smart gas meters
Source: Pike Research
2015
250 Million Smart electricity meters
2008
46 Million Smart electricity meters
© u-blox Holding AG
Impact on network infrastructure: Small cells and hot spot routers
Slide 13
2016
3 Million Small Cells
2012
0.2 Million Small Cells
Source: Infonetics Research, ABI Research
2012
7 Million Hot Spot routers
2016
60 Million Small Hot Spot Routers
© u-blox Holding AG
IndustrialConsumer
Automotive
u-blox markets
Slide 14
Note: Estimate
• Consumer
• Portable devices
• Mobile computing
• Wireless access
• Entertainment
• Industrial
• Fleet management
• Asset tracking
• Network infrastructure
• Professional radios
• Smart utility metering
• Payment
• Security
• Healthcare
• Automotive
• Infotainment
• Vehicle-to-vehicle communications
• Security
• Insurance
Markets details Revenue split per market for H1/12
© u-blox Holding AG
Strategy
u-blox maintains a focused portfolio of market leading products. We grow through innovation. We retain and win new customers. We use a strong operating cash flow to acquire new technologies and remain an attractive employer where employees can excel.
© u-blox Holding AG Slide 15
Elements of strategy
• Combination of Technology
• Wireless communication with high frequency signals (500MHz…2GHz)
• Signal processing with dedicated processors and embedded software
• Master the salient IP
• Integrated circuits
• Radio frequency (RF) circuits
• Baseband processor circuits
• Firmware for driving these circuits
• Modules - a pre-conceived complete building block for simple integration the technology in a end-user product
• Lead by competence and economies of scale
• Accelerate by innovation and acquisitions
© u-blox Holding AG Slide 16
Product Strategy
Solution
Products
Positioning Wireless Communications
Integrated Circuits
Modules
Services
Design and Performance CellLocateTM,
AssistNowTM
Wireless solutions, 4G protocol stack licensing
Slide 17 © u-blox Holding AG
Strong combination of technology and product offerings
Significant competitive benefits
• Support of a very large customer base
• Quick time to market
• Outstanding product performance
• Low risk
• High quality
Slide 18
Positioning
Wireless communications
Technology know-how
Global leader in
modules
2003…………………..………..2013 2001…………………………..………..………..2013
© u-blox Holding AG
u-blox is a component supplier for the electronics industry
Modules IP Functional Units
End products
Example: GNNS in the car
Description Core technology knowhow
Basic components
Functional sub-systems
Tier1 End product Brand, sells to end user
Industry players (Example: GNNS in the car)
u-blox CSR Broadcom
u-blox CSR Broadcom ST Micro
u-blox Trimble
Bosch Coagent Harman Becker
BMW Audi Mercedes
Chips
© u-blox Holding AG Slide 19
• Semiconductor manufacturing
• Module manufacturing
u-blox fabless business model
IC packaging and testing ISO/TS 16949
Wafer fab ISO/TS 16949
• R&D, sales, marketing, logistics ISO 9001
Packaging and testing ISO/TS 16949
ISO 9001
• Wireless technology ISO 9001
Wafer fab ISO/TS 16949
Slide 20
PJ Electronics
© u-blox Holding AG
Worldwide presence: 400+ employees for 3500 customers
San Diego, USA
Beijing, China
Seoul, Korea
Tokyo, Japan
APAC head office Application engineering center
Singapore
Shanghai, China
Hong Kong
Americas head office Sales, warehouse,
application engineering, Reston, Virginia, USA
Shenzhen, China
Corporate headquarters Thalwil, Switzerland
Regional offices
Sgonico, Italy
Reigate,
Melbourn, Luton, UK
Slide 21
Taipei, Taiwan
Bangalore, India
Leuven, BE
Lahore, Pakistan
Espoo, Finland
Marketing office
R&D center
© u-blox Holding AG
u-blox quality system assures reliable partnerships with customers
• u-blox system
• ISO 9001 certified – Global quality system
• Zero defect commitment
• Product change notification (PCN) process
• End-of-life (EOL) process
• All manufacturing sites
• ISO/TS 16949 automotive certified
• Product Qualifications
• AEC-Q100 automotive qualified
• ISO 16750 qualified for vehicle use
• Corporate responsibility
• Member of UN Global Compact
• Corporate responsibility program
• Implemented hazardous-use materials program
• Green partnerships
© u-blox Holding AG Slide 22
Innovation that meets market demands
Slide 23
17% of sales invested in R&D*
AMY: world‘s
smallest GPS module
CellLocate: first embedded
positioning solution based
on GSM In-house 4G technology
Multi constellation:
GPS, Galileo, Glonass,
Compass, QZSS, SBAS
UBX-G7020-CT
Smallest stand-alone
GPS/GLONASS chip
LISA: world‘s smallest 3G
module family
Industry‘ leading
anti-jamming
technology for GPS
Industry leading
Automotive Dead
Reckoning GPS
solution
* H1/2012
© u-blox Holding AG
4G(LTE)
Americas37%
EMEA27%
APAC36%
73.5
112.8
124.7
167.0
49.3
62.5
77.7
5.2
19.1 21.2 20.1
7.6 11.7 11.4
0
20
40
60
80
100
120
140
160
180
2009 2010 2011 2012 F H1/10 H1/11 H1/12
Revenue EBIT
(million CHF)
Revenue and EBIT
Slide 24
+ 24.3%
Revenue and EBIT
+ 42%
Breakdown by regions (H1.2012)
© u-blox Holding AG
Why investors choose u-blox
• Strong underlying growth drivers
• Mobility of the today’s world – people and assets
• Positioning and mobile connectivity are an inherent demand of this mobility
• Explosive growth of mobile data volumes impact user equipment and
infrastructure
• Legislative impacts – often related to mobility - create new demand
• Ideal technology offer
• Positioning and mobile communications are a innate pair
• Chip and Modules address a large customer base of more than 3500 customers
• Outstanding product and service performance create high customer loyalty and
business stability
• Deep product pipeline
• High innovation rate with 100 concurrent R&D projects
• Fostering of innovation rate with acquisitions
Slide 25 © u-blox Holding AG
locate, communicate, accelerate
Glossary
GNSS - Systems
• Global Navigation Satellite System
• Multiple Satellites orbiting around the earth, broadcasting a time signal
• A GNSS receiver picks up this “time signal”, and can determine the time
of flight of this signal
• If it can do this to 3 or more satellites, it can determine its own location
• GNSS Signals are very weak, comparable to a 20W light, 20’000km away
• Several global systems in place – carrying civil use and defense signals
• GPS, United States of America, since the 1980s
• GLONASS, Russia, since the 1980s. System was not fully maintained , but constellation is fully restored in 2012. Strong government support
• GALILEO, EU, expected to become operational in 2014, Significant project delays and financing not fully solved
• COMPASS/Beidou, China, currently only a regional system, expected to
have global coverage in 2020
© u-blox Holding AG Slide 27
Mobile Telecommunications Technology
• 2G (GSM, CDMA), 1990-2020 (ca.)
• First country-wide digital Mobile Communications Technology for consumers.
• Telephony-centric
• Packet Data services (“mobile Internet”) were introduced only late (“2.5G = GPRS”,
“2.75G = EDGE”) limited bandwidth in the kB/s range
• Has matured, and in some countries, 2G is discontinued to free spectrum for higher-
bandwidth standards (3G, 4G). Will remain dominant standard in emerging countries
• 3G (UMTS, W-CDMA, TD-SCDMA), 2000-…
• Telephony- and Data-service centric, allows higher data throughput (1-20Mbit/s)
• Mainly used for mobile internet applications (Smart Phones, Tablets).
• 4G (LTE), 2011 - …
• Data-centric, Packet network (Internet Protocol IP)
• Bandwidths up to 150Mbit/s
• Deployment driven by increased need for high-bandwidth data services
© u-blox Holding AG Slide 28
locate, communicate, accelerate
Half year results H1.2012
u-blox group H1/2012
© u-blox Holding AG, Sep 6, 2012 Slide 30
Key figure Amount CHF In relation to
revenue
Change H1/11 to
H1/12
Revenue 77.7m - 24.3%
Gross profit 35.5m 45.7% 12.8%
EBITDA 15.9m 20.5% 4.8%
EBIT 11.4m 14.6% - 3.2%
Net profit 8.9m 11.5% 20.7%
Net operating cash flow
0.1m
Revenues by geography
© u-blox Holding AG, Sep 6, 2012 Slide 31
Note: based on customers’ location
Growth by geographic regions
• Balanced geographical mix
• Increase of +22% in EMEA
• Steep increase in the Americas (+87%)
• Decrease in Asia Pacific (-7%)
Comments Revenues by geographic region
+ 26.8%
0
20
40
60
80
100
120
140
2009 2010 2011 H1/10 H1/11 H1/12
APAC Americas EMEA
(million CHF)
27%26%
48%
25%
25%
46% 45%
24%
27%
48% 36%
27%
37%
24.7
29%
15.3
21%
50%
29%
29%
Gross profit
© u-blox Holding AG, Sep 6, 2012 Slide 32
• Increase in gross profit to CHF 35.5m in H1/12
• Growth of gross profit of +12.8%
• Gross profit margin in H1/12 declined due to changes in product mix
(Compared to H1/11)
Comments Gross profit / Gross profit margin
+ 20.0%
52.9% 52.2% 50.3%53.2%
50.3%45.7%
0%
10%
20%
30%
40%
50%
60%
70%
0
10
20
30
40
50
60
70
2009 2010 2011 H1/10 H1/11 H1/12
Gross Profit % of revenue
(million CHF) % of revenue
0
2
4
6
8
10
12
14
0
2
4
6
8
10
12
14
2009 2010 2011 H1/10 H1/11 H1/12
Shipments Antaris Shipments u-blox 5
Shipments u-blox 6 ASP
(million pcs) (CHF)
0
2
4
6
8
10
12
14
16
18
0
1
2
3
4
5
6
7
8
9
10
2009 2010 2011 H1/10 H1/11 H1/12
Shipments modules ASP
(million pcs) (CHF)
Shipments and ASP development
© u-blox Holding AG, Sep 6, 2012 Slide 33
• Strong growth of module volume in H1/12
• Volume of GPS chips slightly declined in H1/12 compared to H1/11
GPS chips Modules
Note: incl. Atmel-Chipset sales
+ 46.4%
-7.6 %
Global customer base
© u-blox Holding AG, Sep 6, 2012 Slide 34
• Strong and stable customer base
• More than 3,500 customers worldwide
• Good spread over different applications and geographical regions
• Largest customer accounts for 12% of total revenue in H1/12
• 10 biggest customers account for 44% of total revenue in H1/12
• No bad debtors
Comments Number of customers totaling 80% of revenue
0
10
20
30
40
50
60
70
2009 2010 2011 H1/10 H1/11 H1/12
Distribution & marketing / Research & development
© u-blox Holding AG, Sep 6, 2012 Slide 35
Research & development expenses Distribution & marketing expenses
13.0 14.6 14.2
6.9 7.5 7.6
17.7%
12.9%
11.4%
14.0%
12.1%
9.8%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
0
2
4
6
8
10
12
14
16
2009 2010 2011 H1/10 H1/11 H1/12
D&M % of revenues
16.2
21.3 22.1
9.7 9.5
13.5
22.0%
18.9%
17.7%
19.8%
15.2%
17.4%
0%
5%
10%
15%
20%
25%
0
5
10
15
20
25
2009 2010 2011 H1/10 H1/11 H1/12
R&D % of revenues
Research & Development
59%
Sales, Markteing,
Support
28%
Logistics, Admin.13%
16176
36
273 total
(Total Headcount = 277)
Employees
© u-blox Holding AG, Sep 6, 2012 Slide 36
Average employee level (FTE based) Employee breakdown (end of H1/12, FTE based)
Note: 65% of employees based outside Switzerland (spread over 11 countries) Note: Average number of employees (FTE = full time equivalent)
164
195 215
192 201
234
0
25
50
75
100
125
150
175
200
225
2009 2010 2011 H1/10 H1/11 H1/12
Income statement
© u-blox Holding AG, Sep 6, 2012 Slide 37
• Revenue increase of 24.3% from H1/11 to H1/12
• Increased gross profit by 12.8%
• Higher operating expenses due to increased R&D expenses
• H1/12: costs for share based payments in the amount of CHF 0.9m
• EBITDA margin of 20.5%
• EBIT margin of 14.6%
• H1/12: Finance costs contains foreign exchange result (net) of CHF 0.3m
• Tax rate of 21.0%
• Net profit margin of 11.5%
Comments Consolidated income statement (condensed)
January - June Jan. - Dec.
(in CHF 000s) 2012 2011 2011
(unaudited) (unaudited) (audited)
Revenue 77,653 62,471 124,704
Cost of revenue -42,197 -31,045 -61,953
Gross profit 35,456 31,426 62,751
Operating expenses -24,130 -19,850 -41,807
Other income 47 171 256
Profit from operations (EBIT) 11,373 11,747 21,200
Financial income 516 495 1,034
Finance costs -574 -2,818 -1,286
Profit before income tax (EBT) 11,315 9,424 20,948
Income tax expense -2,373 -2,014 -4,440
Net profit for the period 8,942 7,410 16,508
Depreciation and amortization 4,551 3,450 7,919
EBITDA 15,924 15,197 29,119
Reportable segments
• 2 reportable segments according to IFRS 8:
• GPS and Wireless products
Development and distribution of GPS receivers and wireless modules. They are
sold by u-blox sales organisation and produced by third parties.
• Wireless services
Delivery of reference designs and software in the wireless communication technology.
Slide 38 © u-blox Holding AG, Sep 6, 2012
Segment information
© u-blox Holding AG, Sep 6, 2012 Slide 39
(in CHF 000s) 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Revenue third 76'999 61'435 654 1'036 77'653 62'471 77'653 62'471
Revenue intragroup 6'343 2'475 6'343 2'475 -6'343 -2'475 0 0
Total revenue 76'999 61'435 6'997 3'511 83'996 64'946 -6'343 -2'475 77'653 62'471
EBITDA 14'638 15'115 1'428 249 16'066 15'364 -142 -167 15'924 15'197
Depreciation -1'104 -1'057 -309 -263 -1'413 -1'320 - - -1'413 -1'320
Amortization -2'561 -1'759 -577 -371 -3'138 -2'130 - - -3'138 -2'130
EBIT
Financial income 516 495 516 495
Finance costs -574 -2'818 -574 -2'818
EBT -200 -2'490 11'315 9'424
June 30 June 30 June 30 June 30 June 30 June 30 June 30 June 30 June 30 June 30
2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Assets 94'158 63'999 15'484 4'543 109'642 68'542 59'848 82'243 169'490 150'785
GPS and wireless
products
Wireless services Total segments Non-allocated/
eliminations
Group
-142 -167 11'373 11'747
January - June January - June January - JuneJanuary - June January - June
11'91411'51510'973 12'299 542 -385
Statement of financial position
© u-blox Holding AG, Sep 6, 2012 Slide 40
• Strong financial position with a liquidity (incl. marketable securities) of CHF 57.1m
• No significant debt
• Inventory CHF 25.2m
• Increase of trade accounts receivable due to growing revenue
• Increased intangible assets due to acquisition
• Goodwill CHF 23.9m
Comments Statement of financial position (condensed)
June 30, Dec. 31, June 30,
(in CHF 000s) 2012 2011 2011
(unaudited) (audited) (unaudited)
ASSETS
Current assets
Cash and cash equivalents 19,620 35,151 29,716
Short-term investments 0 0 0
Marketable securities 37,504 45,981 50,164
Trade accounts receivable 23,418 16,877 15,363
Other current assets 31,247 24,648 20,041
Total current assets 111,789 122,657 115,284
Non-current assets
Property, plant and equipment 5,835 5,331 5,189
Intangible assets 47,555 33,102 28,019
Financial assets 469 425 339
Deferred tax assets 3,842 2,068 1,954
Total non-current assets 57,701 40,926 35,501
Total assets 169,490 163,583 150,785
Statement of financial position
© u-blox Holding AG, Sep 6, 2012 Slide 41
• Trade accounts payable of CHF 5.7m
• Non-current liabilities:
• Employee benefits (pensions) CHF 5.0m
• Deferred tax liabilities CHF 2.7m
Comments Statement of financial position (condensed)
June 30, Dec. 31, June 30,
(in CHF 000s) 2012 2011 2011
(unaudited) (audited) (unaudited)
LIABILITIES AND EQUITY
Current liabilities 19,110 19,169 18,2690 0 00 0 00 0 0
Non-current liabilities 9,008 7,461 5,121
Total liabilities 28,118 26,630 23,390
Shareholders’ equity
Share capital 5,666 5,619 5,619
Share premium 101,582 105,367 104,718
Retained earnings 34,124 25,967 17,058
Total equity 141,372 136,953 127,395
Total liabilities and equity 169,490 163,583 150,785
109120
137
114127
141
76.0%
86.0%88.0%
75.5%77.9%
83.4%
50%
60%
70%
80%
90%
0
20
40
60
80
100
120
140
160
180
2009 2010 2011 H1/10 H1/11 H1/12
Total Equity Equity ratio
Statement of financial position
© u-blox Holding AG, Sep 6, 2012 Slide 42
• Equity ratio at 83.4%
• Strong capital base
Comments Total equity and equity ratio
Statement of cash flows
© u-blox Holding AG, Sep 6, 2012 Slide 43
Comments Consolidated cash flow Statement (condensed)
• Cash flow from investing activities:
• CHF -1.8m investments into property, plant and equipment (tools, furniture, equipment)
• CHF -2.9m investments into intangible assets (Software, capitalization of R&D)
• CHF -3.7m acquisition of Cognovo Ltd. net of cash
• CHF +8.8m proceeds from sale of marketable securities
• Cash flow from financing activities:
• CHF -11.1m settlement of shareholder loan with regard to acquisition
• CHF -5.7m dividend 2011 paid in May 2012
• CHF +1.0m Capital increase from options
• Temporarily lower cash level due to higher inventory for expected strong sales in July and August
Jan. - June Jan. - Dec.
(in CHF 000s) 2012 2011 2011
Net cash provided by operating activities 64 10,735 18,597
Net cash provided / (used) by investing activities 392 -4,533 -6,217
Net cash used in financing activities -15,806 -1 -2,397
-15,350 6,201 9,983
Cash and cash equivalents at beginning of period 35,151 25,184 25,184
Effect of exchange rate fluctuations on cash
and cash equivalents -181 -1,669 -16
Cash and cash equivalents at end of period 19,620 29,716 35,151
Net (decrease)/increase in cash and cash
equivalents
Outlook
Goals
• Grow business with launched new products
• Wireless: new 2G and 3G products
• GPS: u-blox 6 and u-blox 7
• Strong focus on strategic technology development
• Capture additional business from existing customer relationships
• Strengthen the global presence
• Operational excellence for higher efficiency
• Accelerated revenue growth
• Increased R&D costs for wireless chipsets
• Exchange rate assumptions for HY2/12: EUR/CHF: 1.20 USD/CHF: 0.95
• Natural hedging maintains relative gross margin against foreign exchange variations
Financial guidance
Previous
Guidance
2012
Updated
Guidance
2012*
Change
Revenue 165 167 +2
EBIT 20 20.1 +0.1
M CHF M CHF M CHF
* After acquisition of Fastrax Oy
© u-blox Holding AG, Sep 6, 2012 Slide 44
• Continued business growth as witnessed in first half year of 2012
• Increased R&D efforts for expanding the product pipeline
Outlook 2012
Share Information
Shares
Stock Exchange SIX Swiss Exchange
Swiss Security Number / ISIN 3336167 / CH0033361673
Ticker UBXN
Nominal value CHF 0.90
Shares issued 6’305’032
Market cap CHF 270 Mio. (16 Jan 2013)
High / Low 52 weeks CHF 48.90 / CHF 35.55
© u-blox Holding AG Slide 46
Share performance
© u-blox Holding AG Slide 47
Major shareholders
At January 16, 2011, u-blox had over registered 4’050 shareholders
Shareholders with > 3% at January 16 ,2012 were:
• PEC Global Equity Fund / Tavau Swiss Fund 6.399%
• Werner Dubach/Anne Keller Dubach 5.014%
• UBS Fund Management (Switzerland) AG 3.170%
• Credit Suisse Funds AG 3.050%
© u-blox Holding AG Slide 48
Analyst Coverage & Market making
Analysts
• Zürcher Kantonalbank Andreas Müller
• Credit Suisse Felix Remmers
• Bank Vontobel Michael Foeth
Market making
• Zürcher Kantonalbank
© u-blox Holding AG Slide 49
Please note that any opinions, estimates or forecasts regarding u-blox' performance made by these analysts are theirs alone and do not represent opinions,
forecasts or predictions of u-blox or its management.
© u-blox Holding AG, Sep 6, 2012
Upcoming events
• Annual results 2012: March 21, 2013
• Annual General Meeting 2012: April 24, 2013
Slide 50
Investor relations contact
© u-blox Holding AG Slide 51
Thomas Seiler
Chief Executive Officer
u-blox Holding AG
Zürcherstrasse 68
8800 Thalwil, Switzerland
Phone: +41 44 722 74 44
Fax: +41 44 722 74 99
E-mail: [email protected]
Roland Jud
Chief Financial Officer
u-blox Holding AG
Zürcherstrasse 68
8800 Thalwil, Switzerland
Phone: +41 44 722 74 44
Fax: +41 44 722 74 99
E-mail: [email protected]
Thank you!
locate, communicate, accelerate