Post on 09-Apr-2018
locate, communicate, accelerate
u-blox Investor Presentation
September 2017
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.
© u-blox Holding AGSlide 2
Company Overview
Our vision
© u-blox Holding AGSlide 4
To be the leading supplier of high-quality
communications and positioning components in
The Internet of Things that Really Matter
© u-blox Holding AGSlide 5
Source: Geeny.io
Drones ~5 Mio
Pets ~0.5 bn
Cars ~0.5 bn
Laptops ~900 Mio
Bicycles ~1.3 bn
Kids ~1.8 bn
Parking Spaces ~1.2 bn
Hospital Beds ~1 Mio
Power Tools ~1.3 bn
Street Lights~1 bn
The Internet of Things: Billions of devices waiting to be connected
u-blox: Enabling the Internet of Things (IoT)
© u-blox Holding AGSlide 6
• Founded in 1997
• Listed on the SIX Swiss Exchange since 2007 (SIX:UBXN)
• Global semiconductor player
• The only company focusing on wireless and positioning, with leading technology delivered as both integrated circuits and modules
• 2016 revenue CHF 360m, H1 2017:CHF 193m
• 2010-2016 compound annual growth 21%
• More than 900 employees worldwide (end of H1 2017)
• Strong innovation track record in wireless technology
A global business
© u-blox Holding AGSlide 7
Revenue by geography / EBITDA in m CHFu-blox revenue split per market
IndustrialConsumer
Automotive
270.0
338.3
360.2
161.9 179.7
193.9
58.6
78.7 81.8
36.5 39.1 40.3
0
50
100
150
200
250
300
350
400
2014 2015 2016 H1/15 H1/16 H1/17
Revenue EBITDA
(million CHF)(million CHF)
7.9%
Highly diversified global customer base
• Broad customer base with more than 5700 customers and significant market share
• Expanding customer base: customers in more than 66 countries worldwide
• Customer diversity: Top 65 customers in 24 countries
• No single customer responsible for more than 5.3% of total sales
• 15 sales offices; 14 R&D locations
© u-blox Holding AGSlide 8
5700CUSTOMERSWORLDWIDE
15SALES
OFFICES
66COUNTRIES
WORLDWIDE
Strong product line-up for IoT – unique market position
© u-blox Holding AGSlide 9
• u-blox technology is available in a unique combination of chips and modules
• This combination provides for a inimitable market positing and drives our profitability
PositioningCellular
CommunicationShort Range
Communication
Integrated Circuits
Modules
Services and Solutions
CellLocate®
AssistNowTM
Correction Data
FOTA (Firmware update over the air)
Security
Reference Designs
PositioningCellular
CommunicationShort Range
Communication
Integrated Circuits
Modules
Services and Solutions
CellLocate®
AssistNowTM
Correction Data
FOTA (Firmware update over the air)
Security
Reference Designs
Strong competitive advantage
© u-blox Holding AGSlide 10
• Important strategic benefits from the unique u-blox line-up
• Long-term sustained competitive position
Cro
ss funct
ional
valu
e
Serv
ices
on
top o
f H
W
Strong synergies between the technologies
High cross selling effect
Full
ow
nerof te
chnolo
gy
Maxim
um
com
pete
nce
Marg
in e
xpansi
on
u-blox leading connectivity technology for the
Internet of Things that Really Matter
© u-blox Holding AGSlide 11
• u-blox solves the What, Where and When of the IoT
• What – the data transmitted
• Where – the device located
• When – the time the data was captured
• u-blox unique technology
• Technology leader in GNSS based positioning and timing
• Complete intellectual property in GNSS, LTE, BT and Wi-Fi
• Driving connectivity technology for adoption to IoT
u-blox plays in the high growth connectivity markets
© u-blox Holding AGSlide 12
• The mobile phone market has plateaued
• The future growth lies in both, wide-area and short-range IoT applications
They are u-blox heartland for connectivity solutions
Source: Ericsson Mobility Report, November 2016
u-blox target
markets
Connected devices (billions)
Mobility and the Cloud economics drive our markets for IoT
© u-blox Holding AGSlide 13
0
50
100
150
200
250
2000 2005 2010 2015 2020 2025
Ever expanding Mobility index
Source: The Economics Of The Cloud, Microsoft
Strong scale economies in the Cloud
• The mobility of people continues to increase year on year
• Cost of data processing in the cloud decreases exponential with volume
These forces work hand in hand giving a multiplier effect for IoT
TC
O/S
erv
er
(at
avera
ge
uti
lizati
on
)
Source: Transport Outlook 2011, OECD
80% reduction of total cost of ownership
The Internet of Things that Really Matter – IoT connectivity
market will become large
© u-blox Holding AGSlide 14
• M2M deployments to grow strongly
• Price points to decline
• Strong integration into chipset
feasible for cellular M2M modems
This is the opportunity for u-blox in-house silicon
Source: ABI research 2016
Cellular M2M
0
100
200
300
400
500
600
700
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Cellular M2M
LTE Cat-1 LTE Cat-M NB-IoT
© u-blox Holding AGSlide 15
Internet Cloud
Sensors & Actuators Content
Mobility
Rover
Infrastructure
Mobility and the Cloud economics drive our markets for IoT (2)
© u-blox Holding AGSlide 16
Internet Cloud
Sensors & Actuators Content
Mobility
Rover
Infrastructure
Source: u-blox estimates
400m BLE (Bluetooth Low
Energy) beacons shipping in
2021
90m cars sold with USD300
electronic components
content by 2020
65m smart meters
installed by 2020
20b connected devices
by 2020
Mobility and the Cloud economics drive our markets for IoT (3)
Our Focus
Four IoT focus areas for u-blox
© u-blox Holding AGSlide 18
Connected vehicle Connected city Connected industry
Adaptive cruise control shipments to be 80 million by 2025
7.7 million truck platoon systems to ship by 2025
Over 246 million connected auto infotainment systems to ship between 2015-2020
(Source: ABI research, 2016)
600 million Smart home device shipments by 2021
Home care robotics to revenue to quadruple to $6 Billion by 2025
46 million Connected street lights by 2021
Smart meter connections to exceed 789 million by 2021
(Source: ABI research, 2016)
Goods tracking market to swell to $5.6 Billion in 2021
From 2014 to 2020, the number of connected industrial controllers will triple; growing at an average rate of 20%
Global wireless sensor network market expected to grow to $1 Billion by 2020
Source: (Technavio 2016)
Connected consumer
Massive use of smart phones: 3.9 Billions in 2016 will grow to 6.8 Billions in connected consumers in 2022 with many regions having more subscriptions than people
100 million BT connected sports and wellness devices and 250 million Wi-Fi connected flat screen TVs and set top boxes by 2020
Global wearable market expected to grow to $5.8 Billion by 2018
Source: (Ericsson Mobility Report November 2016, ABI Wireless IoT and Cellular 2016 & Statista 2016 )
The IoT focus areas offer vast potential
© u-blox Holding AGSlide 19
• Attractive value of connectivity and positioning in the four IoT segments
• Expected CAGR of 19.2% from 2015 to 2025
• Especially the potential of smart factories (Industry 4.0) is very large
• The size of the economical benefits will drive investments
Source: McKinsey The internet of things: Mapping the value beyond the hype. 2015
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
Vehicle City Industry Consumer
$ b
illio
ns
Connectivity value by 2025
Low estimate High estimate
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Vehicle City Industry Consumer
$ b
illio
ns
Positioning value by 2025
Low estimate High estimate
Connected vehicle
© u-blox Holding AGSlide 20
Automated parking technology to
grow by 30% CAGR over next
decade
7.7 million truck platoon systems to
ship by 2025
Over 246 million connected auto
infotainment systems to ship
between 2015-2020
(Source: ABI research, 2015)
u-blox applications
• ADAS
• Car connectivity
• Driving recorder
• Emergency call
• In-car navigation
• Insurance box
• Mobile gaming
• Road pricing
• Stolen vehicle recovery
• Vehicle telematics
• Vehicle tracking
• Infotainment
• V2X
The future of the connected vehicle
© u-blox Holding AGSlide 21
2015 2020 2025 2030
Basic V2X Communication
• Roadwork warning
• Emergency Vehicle Warning
• Traffic-jam warning
• Post-crash warning
Fusion of V2X and
Sensor Data
• ACC-Adjustment
• Lane Change Warning
• Simple Merge-In warning
Fully Developed Situation
Analysis
• Advanced Merge-in assistance
• Hazardous Area Warning
• Platoon start at intersection
Active Coordination
• Highly Automated Driving
• Cooperative Merging
• Overtaking Assistance
V2X Basis Data Fusion Collective Perception Cooperative Agreements
Wireless connectivity and high precision positioning enable the autonomous car.
Connected city
© u-blox Holding AGSlide 22
600 million Smart home device shipments by 2021
Home care robotics to revenue to
quadruple to $6 billion by 2025
46 million connected street
lights by 2021
Smart meter connections to
exceed 789 million by 2021
(Source: ABI research, 2016)
u-blox applications
• Point of sales
• Home entertainment
• Metering
• Mobile hotspot & router
• Street light systems
• Traffic management system
• Waste & water management
The future of the connected city
© u-blox Holding AGSlide 23
2015 2020 2025 2030
Smart meters
• Power balancing
• Supply stability
• Network management
Smart infrastructure
• Adaptive capacity
• Preventive maintenance
2000W community
• Power and energy control
• Optimizing supply and demand
• Reduction of losses
Autonomous public
transport
• More granular transport capacity
• Adaptive capacity
• Reduction of foot print
Collective Perception System adoptions Deep change Optimization
Cellular and positioning technology are the route to connected infrastructure.
Connected industry
© u-blox Holding AGSlide 24
Goods tracking market to swell to $5.6 billion in 2021
From 2014 to 2020, the number of connected
industrial controllers will
triple; growing at an
average rate of 20%
Global wireless sensor network market expected to grow to $ 1 billion by 2020
Source: (Technavio 2016)
u-blox applications
• Asset tracking
• Aviation & UAV
• Healthcare
• Industrial terminal
• Machine control
• Monitoring & control
• Router and gateway
• Security
• Farming
• Fleet management systems
The future of the connected industry
© u-blox Holding AGSlide 25
2015 2020 2025 2030
Cloud and agility
• Smart service
• Customer feedback
• Self learning
Smart Engineering
• Digital collaboration
• Digital modeling
Smart Factory
(Industry 4.0)
• Integrated planning
• Proactive maintenance
• Process automation
• Product lifecycle
Digital Marketing
• CRM
• Omni channel presence
• Self service portals
• Dynamic pricing
Agility Fast loop Closed loop Cooperative loop
Wireless technology makes the things that matter connected.
Connected consumer
© u-blox Holding AGSlide 26
Massive use of smart phones:
3.9 billion in 2016 will grow to
6.8 billion in connected
consumers by 2022 with many
regions having more
subscriptions than people
100 million BT connected sports
and wellness devices by 2020
250 million Wi-Fi connected flat
screen TVs and set top boxes by
2020
Global wearable market
expected to grow to $5.8
billion by 2018
Source: (Ericsson Mobility Report November 2016, ABI Wireless IoT and Cellular 2016 & Statista2016 )
u-blox applications
• Child tracking
• Pet tracking
• Fitness
• Cameras
• Watches
• Toys
• Personal health
The future of the connected consumer
© u-blox Holding AGSlide 27
2015 2020 2025 2030
Social Media
• Media landscape reshuffled
• Immense information flow
• Internet giants dominate
Smart sensing
• Immense data gathering
• Extraction of features and patterns
• Fast feed-back
Augmented Reality
• Seamless merging of virtual and real world
• Broader access to relevant information on the spot
Artificial intelligence
• Delegating tasks to personal agents
• Agents learns and anticipates users needs
Sharing Intelligence gathered Deeper involved Enhanced capabilities
Wireless technology and position sensors make the consumer connected.
Leading u-blox IP for the IoT focus markets
© u-blox Holding AGSlide 28
Highly automated driving
calls forDead reckoning and high
integrity
Inspection drones
call forDecimeter accuracy
Cellular infrastructure
calls forPrecision timing
Personal tracking
call forUbiquitous positioning
In car infotainmentcalls for
High-bandwidth cellular
Water, waste, lighting, etccall for
Low whole-life cost: NB-IoT
Asset tracking, fleet mgtcall for
Global coverage
Consumer devicescall for
Low and high bandwith
connectivity
Highly automated drivingcalls for
Vehicle to Vehicle comms
Point of Sale, smart homecall for
Multi-standard solutions
Sensor networkscall for
Intelligent gateways
The quantified selfcall for
Low power connectivity
Positioning technology
© u-blox Holding AGSlide 29
• Standard precision products
• Meter level accuracy
• Suitable for most applications
• High tracking sensitivity
• Low power consumption
• High precision products
• Centimeter to decimeter level accuracy
• Suitable for a range of new applications
• Dead Reckoning products
• 100% positioning coverage incl. tunnels
and urban canyons
• For road-vehicle applications
• Timing & Frequency products
• For stationary and time, or frequency
synchronization
LEA
17 x 22.4 mm2
CAM
9.6 X 14 mm2
NEO
12.2 x 16 mm2
EVA
7 x 7 mm2
MAX
9.7 x 10.1 mm2
u-blox module form factors – de-facto industry standards
High precision for the mass market
Communication link
Base
NEO-M8P-2
Rover
NEO-M8P-0
Cellular
© u-blox Holding AGSlide 30
• Extensive range of cellular modules for
GSM, UMTS and CDMA
• Global coverage; competitive specification,
common physical footprint and software
APIs
• High performance multi-mode LTE modules
• Global certifications, Cat 4 & Cat 6
performance with higher categories to
follow, automotive specification options
• Low data-rate single-mode LTE, NB-IoT and
RPMA modules
• Leading edge products, first to market in
many territories
• Aimed at IoT applications
Short-Range technology
• Bluetooth Low Energy for low data rates
• BT 4.2
• Expansion; BT 5.0 and Mesh in 2017
• Wi-Fi for high data rates
• 802.11 a/b/g/n/ac
• Expansion; 2.4/5 GHz 802.11ax
• V2X modules for automotive applications
• Based on a variant of Wi-Fi (IEEE 802.11p)
• US legislation drives deployment for 2021 timeline
© u-blox Holding AGSlide 31
Developing profitable growth
© u-blox Holding AGSlide 32
0
2
4
6
8
10
12
14
16
18
20
22
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Millio
ns
per
year
Positioning Cellular Short Range
* acquisition of assets
modules shipped
Neon Seven
Geotate
Fastrax
Signav*
4M Wireless
Cognovo
lesswire*antcor
connectBlue
AirSemi*
Fusion Wireless
• On track to build a robust business
with three “legs”
• Positioning
• Cellular
• Short-Range
• Strong volume growth track
• Synergies between each area in the
key markets
• Combination of 3rd Party and u-blox silicon provides a broad product
range and scope for differentiation
Financial Outlook
Continuous growth and profitability (1)
© u-blox Holding AGSlide 34
0
50
100
150
200
250
300
350
400
2014 2015 2016 H1/15 H1/16 H1/17
APAC Americas EMEA
25%
48%
27%
178.4
25%
50%
25%29%
48%
23%
(million CHF)
7.9%
26%
46%
28%
25%
47%
29%
26%
21%
53%
Geographical revenue mix Application revenue mix
IndustrialConsumer
Automotive
Continuous growth and profitability (2)
© u-blox Holding AGSlide 35
Gross Profit trend EBITDA trend
122.7
155.0167.1
72.882.5 87.4
45.4% 45.8%46.4%
44.9%45.9% 45.1%
0%
10%
20%
30%
40%
50%
60%
0
20
40
60
80
100
120
140
160
180
2014 2015 2016 H1/15 H1/16 H1/17
Gross Profit % of revenue
5.9%
270.0
338.3
360.2
161.9 179.7
193.9
58.6
78.7 81.8
36.5 39.1 40.3
0
50
100
150
200
250
300
350
400
2014 2015 2016 H1/15 H1/16 H1/17
Revenue EBITDA
(million CHF)(million CHF)
7.9%
Outlook Goals
© u-blox Holding AGSlide 36
• Grow business with new products
Wireless
• Expansion of module product line
• High Cat modules
• Low Cat LPWA modules
• First u-blox chipset in modulefor Cat1
Positioning
• Business growth based on u-blox M8 and u-blox 8
• High precision solutions
Short Range
• Expansion of product offer for latest versions of standards
• BLE
• Wi-Fi
• Wi-Fi 11p*
• Continued focus on strategic development
• Strengthening of the global presence
• Operational excellence for higher efficiency
*) Forthcoming standard for V2V/V2X communication
Product launches highlights in H1.2017
© u-blox Holding AGSlide 37
TOBY-L4
The LTE module provides a secure solution for automotive OEMs enabling data, voice, positioning, eCall and advanced telematics.
SARA-S200
This ultra small module offers significant size and cost savings for secure and robust M2M and IoTwireless applications.
VERA-P1
The latest in a range of automotive-grade transceiver modules that enables the next generation of Advanced Driver Assistance Systems.
UBX-M8230-CT
Ground-breaking GNSS receiver chip for wearable applications offering a unique balance of performance and ultra-low power use.
NINA-W131 & NINA-W132
Secure ultra low power Wi-Fi modules that efficiently integrate Wi-Fi connectivity into IoTdevices.
ZOE-M8G
An ultra-compact GNSS receiver module which offers exceptionally high location accuracy especially designed for wearables, drones and asset trackers.
SARA-R410M
The world’s smallest quad-band LTE module, ideal for diverse IoT and M2M applications including smart cities, connected healthcare and more.
JODY-W1
The automotive Wi-Fi & Bluetooth module enables real simultaneous dual band operation for faster Wi-Fi connectivity and is ideal for infotainment and telematics applications.
Sapcorda (Safe And Precise CORrection DAta)
• Sapcorda Services GmbH is based in Berlin.
• Will distribute GNSS positioning services for high precision GNSS applications.
• Targeting mass market applications such as Automotive, Industrial & Consumer.
• Setup as a Joint Venture with u-blox, Bosch, Geo++, Mitsubishi Electric.
• Service to be sustained by the involved industry.
• No single partner has a majority share.
• Each partner has a strategic interest in Sapcorda’s services.
• Joint Venture announced on 8th August 2017.
• Closing expected for mid October 2017.
© u-blox Holding AGSlide 38
Sapcorda
© u-blox Holding AGSlide 39
• Sapcorda to distribute GNSS correction services to serve the mass market
• Global and continent wide coverage.
• One way communication (Broadcast) with satellite
& terrestrial internet communication channels.
• Open system: Available to all GNSS receiver
manufacturers.
• Targeted at OEMs and system integrators (B2B
business model).
• Affordable for mass markets (e.g. Cars,
Surveying, Agriculture & Machine Control).
CommunicationSatellite
GNSS receiver
Internet
SSR correction service
GNSS
Financial performance and guidance 2017
© u-blox Holding AGSlide 40
• Maintained guidance for 2017
• Continued business growth in 2017
• Impact by product mix on relative gross margin
• Natural hedging protects relative gross margin against foreign exchange variations
+10% of USD EUR GBP
Revenue + 8.6% + 1.3% 0%
EBIT + 21.1% + 1.0% - 2.0%
• Exchange rate assumptions for 2017:EUR/CHF: 1.07 USD/CHF: 1.02 GBP/CHF: 1.23
• FX-sensitivity against CHF on Guidance 2017
*) This guidance is based on the absence of unforeseen economic adversity and exchange rates assumed at budget level
Actual
FY 2015
Actual
FY 2016
Guidance 2017*)
Revenue 338.3m 360.2m 410m…425m
EBIT 51.3m 59.0m 60m… 65m
CHF CHF CHF
Key takeaways
© u-blox Holding AGSlide 41
u-blox positioned for profitable growth
Technology Leadership: investing to expand our technology roadmap and lead in GNSS and Wireless technology for IoT
Control of the core technology
Consistent Execution: First to market with new products targeted to our key applications
Focus and invest in potential growth sectors
Growing organization to meet market demands
Corporate Information
u-blox Holding AGThalwil, Switzerland
u-blox AG (Headquarter)
Thalwil, Switzerland
u-blox Singapore Pte. Ltd.
Singapore
u-blox Japan K.K.
Japan
u-blox Asia Pacific Ltd.
Hong Kong
100% 100% 100% 100%
u-blox Italia S.p.A.
Italy
100%
u-blox Espoo Oy
Finland
100%
u-blox America, Inc.
USA
u-blox AG Beijing representative office
Beijing
Representative office of u-blox Singapore Pte. Ltd.
Taipei
u-blox Singapore Pte. Ltd. (Branch office)
Seoul
Sales organization R&D entities
u-blox AG Shenzenrepresentative office
Shenzen
Representative office of u-blox Singapore Pte. Ltd.
Bangalore
Representative office of u-blox Singapore Pte. Ltd.
Sydney
u-blox AG Shanghai representative office
Shanghai
100% u-blox UK Ltd.
UK
u-blox San Diego Inc.
USA
100%
u-blox Luton Ltd.
UK
100%
u-blox Melbourn Ltd.
UK
100%
u-blox Lahore(Private) Pty.
Pakistan
100%
u-blox Melbourn Ltd.Leuven Branch
Belgium
100% u-blox Cork
Ireland
u-blox Malmö
Sweden
100% ConnectBlue Inc.
USA
u-blox Athens
Greece
100%
u-blox Berlin
Germany
100%
© u-blox Holding AGSlide 43
u-blox AG Chongqing representative office
Chongqing
100%
Sapcorda GmbH
DE
43%1
1) From end of October 2017
Legal structure u-blox group
Board of directors
© u-blox Holding AGSlide 44
Additional information – see Corporate Governance and Financial Report 2016 p. 8 - 13
Fritz FahrniChairman
Member NCC
André Müller
Member AC
Prof. Gerhard Tröster
Chairman NCC
Gina Domanig Dr. Paul van Iseghem
Chairman AC
Thomas Seiler
CEO
Jean-Pierre Wyss
COO
Executive Committee
© u-blox Holding AGSlide 45
Additional information – see Corporate Governance and Financial Report 2016 p. 14 - 16
Thomas Seiler
CEO
Head of Marketing and Sales
Jean-Pierre Wyss
Executive Vice President
Head of Production and Logistics
Co-founder u-blox AG
Daniel Ammann
Executive Vice PresidentPositioning Products
Co-founder u-blox AG
Andreas Thiel
Executive Vice PresidentWireless Products
Co-founder u-blox AG
Roland Jud
CFO
Shares (June 30, 2017)
© u-blox Holding AGSlide 46
Stock Exchange SIX Swiss Exchange
Swiss Security Number / ISIN 3336167 / CH0033361673
Ticker UBXN
Nominal value CHF 0.90
Shares issued 6‚930‚640 (June 30, 2017)
Market cap CHF 1’197 Mio (June 30, 2017)
High / Low (H1 2017) CHF 224.70/ CHF 164.60 (June 30, 2017)
Latest market price CHF 179.80 (June 30, 2017)
Analyst Coverage & Market making
© u-blox Holding AGSlide 47
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.
Analysts
Zürcher Kantonalbank Andreas Müller
Credit Suisse Christoph Gretler
Vontobel Michael Foeth
MainFirst Schweiz Jürgen Wagner
Bank am Bellevue Mischa Roelli
Kepler Chevreux Torsten Sauter
Baader/Helvea Günther Hollfelder
Julius Bär Bruno Winiger
Mirabeau Mark Diethelm
BRYAN, GARNIER & CO Dorian Terral
UBS François Bouvignies
Market making Zürcher Kantonalbank
Upcoming events
© u-blox Holding AGSlide 48
• Investor and analyst day October 31, 2017
• 2017 annual results March 15, 2018
• Annual General Meeting April 24, 2018
Investor relations contact
© u-blox Holding AGSlide 49
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: thomas.seiler@u-blox.com
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: roland.jud@u-blox.com
Thank you!
locate, communicate, accelerate