Bangalore, Nov 16 (UNI) City-based Accord Software and Systems Ltd today launched a Global Navigation Satellite System (GNSS) solution, aiming at generating a revenue of nearly 175 million dollars over the next five years.
With the flight safety solution NexNav receiving the Federal Aviation Administration (FAA) of the US certification on November one, the company has already bagged three customers in the US, CEO and Managing Director J M Sundaresan told newspersons here.
''NexNav can be used as a primary navigation sensor in all kinds of aircraft. A NexNav equipped aircraft can avoid collision both in flight and on ground.'' The avionics product was priced at 7,000 dollars.
''On a conservative estimate, we aim to sell 25,000 units in the next five years,'' he added.
The avionics product has been chosen by aircraft manufacturer Eclipse Aviation, makers of very light jets, and avionics overseas equipment manufacturers (OEMs) Chelton Flight Systems and L3 Communications.
With 20 years experience in avionics systems, Mr Sundaresan, who had earlier worked in Hindustan Aeronautics Ltd said, ''We have partnered with Spectralum Corporation of the US to manufacture NexNav.'' NexNav is an air-borne Global Positioning System (GPS) sensor that tracks satellite signals and provides highly accurate position, velocity and time. It also tracks signals from Satellite-based Augmentation System (SBAS) satellites to provide the highest-level of accuracy and reliability information.
NexNav supports precision approach landing without any airport specific equipment. ''Aircraft can fly up to a height of nearly 60 metres from the runway by using NexNav,'' he added.