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5 October, 2006 - 17:51 By Staff Reporter

Prelude pumps further funds into CPS

Prelude Ventures has invested a further £180,000 in Cambridge Positioning Systems, the first tranche of a £750,000 funding round provided by the CPS’ existing investors.CPS will use the finance to support the continuing development and exploitation of its leading E-GPS solution for determining the location of mobile handsets in GSM and 3G networks. E-GPS enables cost-effective location of mobile handsets including continued operation in urban canyons and deep indoors, which GPS alone cannot do.

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