May 10, 2005 – Novariant, a leading provider of premier industrial solutions for precision positioning, intelligent control systems and positioning infrastructures, closed a  $16 million round of Series C funding.  Existing and new investors in the round include: Clearstone Venture Partners, SpaceVest, Marubeni, Yasuda, Metdist, Pacifica Fund, Arcturus Capital and Argonaut Private Equity.  Novariant is a premier industrial solutions provider for precision positioning, intelligent control systems and positioning infrastructures. The precision solutions are enabled by the Global Positioning System (GPS) and other patented location and communications-based technologies to automatically steer equipment, map terrain, and land aircraft.

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