Trimble and KT to deliver precise positioning services in South Korea

SEOUL/WESTMINSTER - Trimble (NASDAQ:TRMB), currently trading at attractive valuation multiples according to InvestingPro data, and KT Corporation (NYSE:KT) announced Wednesday plans to deliver precise positioning services across South Korea through the Trimble RTX Fast network, according to a press release statement.

The collaboration will provide bundled telecom, correction and precise positioning services to automotive manufacturers and Internet of Things (IoT) companies throughout South Korea, offering centimeter-level accuracy for various applications. This strategic move comes as Trimble shows strong momentum, with its stock posting significant gains over the past three months.

Trimble’s RTX Fast network currently covers more than seven million square miles globally, with existing footprints in North America and Europe. The expansion to South Korea represents part of the company’s strategy to extend its precise positioning technology to more regions worldwide.

The joint offering will enable automotive original equipment manufacturers to test and develop advanced driving applications using ASIL-certified positioning solutions. The services will specifically target vehicles equipped with advanced driver assistance systems or vehicle-to-everything capabilities.

"With KT’s broad coverage of wired and wireless network infrastructure evenly distributed across Korea, and immediate access to the Trimble RTX Fast network, companies will be able to easily use, test and validate their automotive and IoT systems in South Korea," said Wontae Kim, head of strategic customer business division at KT Corporation.

The bundled services will offer seamless integration with existing IoT infrastructure, allowing customers to purchase correction services and connectivity simultaneously while providing access to local expertise and support.

KT Corporation has been developing connected car business initiatives since 2004, while Trimble specializes in precise positioning, modeling and data analytics for industries including construction, geospatial and transportation. For investors seeking deeper insights into Trimble’s financial health and growth potential, InvestingPro offers 10+ additional exclusive tips and comprehensive valuation metrics.

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