PosiTim will actively participate in the Galileo Application Days that will take place in Brussels, Belgium, from March 3 to 5. The event is hosted by the EC, organised by the GSA and the Anwendungszentrum Oberpfaffenhofen, and sponsored by ESA.

This event marks the kick-off of the European Satellite Navigation Competition 2010 (ESNC), which will kick-off its 7th edition. PosiTim won a double price in the 2009 edition of this event winning two prices, the regional price for the German state of Hesse, and the ESA special price.

Furtermore, these Galileo Application Days offer the great opportunity to experience and learn about the latest cutting-edge GNSS applications developed und the the EU's 7th research framework programme (FP7), former ESNC competitions, the ESA Technology Transfer Programme, national and regional initiatives and more. These applications will be shown live in the "Application Village".

Our participation will include a presentation in the "high precission" session on Friday and we will have a, small, exhibit in the Galileo Application Village. We will also participate in the "Elevator pitches".

So if you are planning to come to the Galileo Application days please come by and visit us!

Looking forward to seeing your there!

Labels: ESA, ESNC, GNSS, PosiTim

On October 1, 2009 the founding papers for PosiTim were signed at the Notary office in Darmstadt, Germany. As legal form a so called UG, short for "unternehmergesellschaft" was chosen. This company form is practically identical to the well known GmbH (Gesellschaft mit beschraenkter Haftung). The main difference is that for an UG the starting capital is much lower. This makes the UG comparable to the "Ltd" (Limited) company structure in the UK. This is the main reason it was introduced in Germany. Many people were founding UK based Ltd companies because the starting capital for a GmbH is rather high (EURO 25000).

The official wording of the company is now: PosiTim UG (haftungsbeschraenkt) i.G.

The term "haftungsbeschraenkt" is not part of the abreviation UG contrary to the GmbH abreviation which does include this. Therefore, it is mandatory to include this discription with the name.

The abreviation i.G. means "in Gruendung" which indicates that we are still busy setting up the company and not all the legal steps (hurdles?) have been taken.

Anyway, the first of October 2009 was a big step for PosiTim! We are now truly a start-up company and can and will now start to build up our GNSS business.

Labels: GNSS, PosiTim, start-up