Listed on The Nasdaq Stock Market
Stock Symbol: NGPS
INDEPENDENT AUDITORS
Arthur Andersen LLP
Chartered Accountants
Calgary, Alberta, Canada
ANNUAL MEETING
9:00 a.m. MT
Tuesday, July 16, 2002
NovAtel Inc.
1120 – 68th Avenue N.E.
Calgary, Alberta, Canada
MARKET INFORMATION
The Company’s common shares have been listed on The
Nasdaq Stock Market® since February 7, 1997. The following
are the price ranges as reported by The Nasdaq Stock Market®
for the periods indicated.
High
Low
Year Ended December 31, 2001
First Quarter
$2.688
$1.281
Second Quarter
$2.100
$1.250
Third Quarter
$2.310
$1.300
Fourth Quarter
$3.050
$1.400
Year Ended December 31, 2000
First Quarter
$10.500
$2.500
Second Quarter
$5.750
$2.500
Third Quarter
$6.625
$3.094
Fourth Quarter
$4.000
$1.188
Year Ended December 31, 1999
First Quarter
$2.750
$1.250
Second Quarter
$2.750
$1.250
Third Quarter
$2.000
$1.000
Fourth Quarter
$3.813
$1.313
Year Ended December 31, 1998
First Quarter
$10.750
$6.375
Second Quarter
$10.063
$4.250
Third Quarter
$5.000
$1.875
Fourth Quarter
$3.625
$1.313
Year Ended December 31, 1997
First Quarter (from 2/4/97)
$8.000
$5.250
Second Quarter
$7.875
$4.500
Third Quarter
$11.000
$6.000
Fourth Quarter
$12.375
$6.125
The Company has not historically paid cash dividends. The
Company does not anticipate paying any cash dividends in
the forseeable future.
Certain statements in this Annual Report constitute forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of the Company, or developments in the Company's
industry, to differ materially from the anticipated results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include, but are
not limited to, operating results of subsidiaries and joint
ventures, establishing and maintaining effective distribution
channels, certification and market acceptance of the Company's
new products, impact and timing of large orders, pricing
pressures in the market and other competitive factors, maintaining
technological leadership, timing of revenue recognition
in connection with certain contracts, the ability to maintain
supply of products from subcontract manufacturers, the procurement
of components to build products, and the impact of industry
consolidations, together with the other risks and uncertainties
described in public filings.
