OYSTER BAY, NY -- The global market for mobile location technologies is projected to rise from $23 billion in 2005 to surpass $39 billion by 2010, an average annual growth rate of 11.3%, according to a soon-to-be-released report from Business Communications Co.
Vehicle navigation systems and telematics, the largest application segments in 2004 with more than 44% of the market, should be superseded before 2010 by people and animal tracking, BCC said.
ELK GROVE VILLAGE, IL -- SigmaTron International, an electronic manufacturing services company, has completed the sale of its Las Vegas operation to Grand Products Nevada.
Terms of the transaction were not disclosed.
In a statement, SigmaTron said the sale permits it to better focus on expanding its capabilities in higher growth manufacturing locations. SigmaTron will continue to sell into the gaming marketplace out of its remaining operations in different geographical locations and to sell different gaming products.
SigmaTron operates manufacturing facilities in Elk Grove Village; Acuna, Mexico; Fremont, CA; and Suzhou-Wujiang, China.