InvenSense, Inc. (NYSE:INVN), the leading provider of intelligent sensor system on chip (SoC) for Motion and Sound, announced the availability of its InvenSense Positioning Library (IPL) software, designed to provide sensor assisted positioning in places where GNSS alone cannot provide desired accuracy. The IPL incorporates important advancements in sensor assisted positioning algorithms that allow usage of inertial sensors to improve GNSS positioning in urban areas where satellite signals are either blocked or distorted by multipath, even enabling continuous location availability while driving in underground parking lots, tunnels, or walking in urban canyons. The IPL enables continuous and accurate position, velocity and orientation, even in challenging operating environments.
These sensor assisted positioning algorithms have been designed to operate under normal pedestrian and driving use-cases without restrictions on the device orientation. Supported pedestrian use-cases include contexts such as hand held, hand swinging, in pocket, call mode, belt holster, etc. The algorithms also allow any use-case within the vehicle, such as in cradle, cup holder or simply left on a seat. The software was designed in a way to maximize accuracy and minimize constraints on the user.
The IPL is designed to operate with an IMU and GNSS receiver as minimum hardware. Integration with a magnetometer, barometer, and vehicle speed sensor is also available, which provides additional heading integrity as well as height and velocity accuracy for sensor assisted positioning.
IPL is ideal for smartphones using Android, iOS, Windows and general Linux operating systems and has already started shipping commercially on top brand smartphones. The underlying navigation technology comes from years of development done at Trusted Positioning Inc., which was acquired by InvenSense this past summer.
“With more consumers using their smartphones for turn-by-turn navigation on foot or in vehicle, one of the most frustrating user experience issues is losing your GPS (GNSS) signal in an unfamiliar location or being re-routed erroneously due to multipath errors,” said Ali Foughi, Vice President of Marketing and Business Development atInvenSense. “With IPL technology, high accuracy location guidance is always available and provides Smartphone OEMs with a differentiated user experience and consumers with a more reliable navigation solution.”
As location based services require more accuracy and availability from mobile devices, the IPL will be a cornerstone for OEMs and application developers who need their location applications to work in urban and GNSS denied environments. The InvenSense Positioning Library is available immediately. InvenSense is exhibiting in booth #D61 in Hall 7 at the 2015 Mobile World Congress taking place in Barcelona, Spain fromMarch 2 – 5, 2015. To schedule press and partner meetings at the show, contact email@example.com. For additional information and data sheets regarding the ICM-30630, please visit www.invensense.com or contact InvenSense Sales at firstname.lastname@example.org.
Shares of InvenSense Inc closed last Friday at $16.67 . INVN has a 1-year high of $26.78 and a 1-year low of $13.19. The stock’s 50-day moving average is $15.29 and it’s 200-day moving average is $18.02.
On the ratings front, InvenSense Inc has been the subject of a number of recent research reports. In a report issued on February 26, Imperial analyst Ashok Kumar maintained a Buy rating on INVN, with a price target of $18, which represents a potential upside of 8.0% from where the stock is currently trading. Separately, on February 23, Barrington Research’s Ted Moreau initiated coverage with a Buy rating on the stock and has a price target of $20.
In total, 2 research analysts have assigned a Hold rating and 5 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $16.67 which is 17.6% above where the stock closed last Friday.
InvenSense Inc designs, develops, markets and sells Micro-Electro-Mechanical Systems sensors, including accelerometers, gyroscopes and microphones for consumer electronics.