MAGELLAN LAUNCHES MAGELLAN PROFESSIONAL BRAND OF INNOVATIVE SURVEY AND GIS SOLUTIONS AT INTERGEO 2006

Munich – Intergeo Booth #C2 2028 (October 10, 2006) Magellan (formerly Thales Navigation) today launched Magellan Professional, the new brand under which it will market its survey and GIS business. The Company was established as an independent company following the August 2006 acquisition by private equity firm Shah Capital Partners. The Magellan Professional family brand is designed to leverage the 85% aided brand awareness that Magellan commands worldwide among survey and GIS customers, partners, and target audiences, while clearly conveying the Company’s commitment to providing professional solutions designed for professionals.

“This is an exciting time for our company and for our customers,” said Francois Erceau, general manager of the Magellan Professional business unit, “With a fresh new brand grounded in a successful history of high quality positioning and navigation solutions, we’re continuing our commitment to providing products that meet the GPS/GNSS needs of surveyors, mapping professionals and other businesses that need to be geospatially empowered.”

“By adopting a Magellan family brand, the Magellan Professional business -- and its partners and dealers -- will benefit from the millions of dollars in brand promotion driven by the consumer side of our business and from the significant promotional support now underway specifically for the survey and GIS business line,” said Henry Gaillard, Magellan CEO. “Magellan is a powerful name in GPS. The Magellan Professional brand and the Magellan Professional line of innovative survey and GIS solutions is a potent combination that we believe will serve to expand our position in the market.”