RCS - Movella Holdings Inc - Movella Introduces MTi-320 Active Heading Tracker

Siemens AGAnnouncement

04/05/2023 13:15

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RNS Number : 3473Y  Movella Holdings Inc.  04 May 2023

Movella Introduces MTi-320 High Performance Active Heading Tracker (AHT) For
Robotics and Autonomous Vehicle Applications

HENDERSON, NV / ACCESSWIRE / May 4, 2023 / Movella Holdings Inc. (NASDAQ:MVLA)
('Movella'), a global leader in the digitization of movement, introduced the
MTi-320, a high-performance Active Heading Tracker (AHT) with a small form
factor designed for integration to any system requiring accurate heading
tracking, such as warehouse and last-mile delivery robotics and autonomous
vehicles.

The MTi-320 with the high performance Xsens™ sensor fusion algorithm
accurately tracks changes in heading where alternative solutions have trouble
with accurately integrating of the gyroscope data or distortion caused by
external magnetic fields. Under such environments, the MTi-320 provides stable
and robust heading tracking. With the ability to track heading changes up to
2000 dps, less than 0.5W power consumption and a small form factor of 28 x
31.5 x 13mm, the MTi-320 is an ideal solution for many robotics and autonomous
vehicle applications.

It features an IP51 rated housing which simplifies mounting of the MTi-320.
While the industry standard RS232 interface makes connecting to the device as
simple as possible.

Additionally, the MTi-320 includes Xsens optimized strapdown algorithm
(AttitudeEngine) performs high-speed dead-reckoning calculations at 1kHz to
accurately capture high-frequency motions. The Xsens sensor fusion algorithm
provides high accuracy and sensor auto-calibration in this cost-effective
module for a wide range of embedded applications.

"The device's fast and frequent active heading tracking features, coupled with
its compact size, make it ideal for use in AGV (Automated Guided Vehicle) and
AMR (Autonomous Mobile Robot) applications within complex indoor industrial
environments," said Peter Xie, Vice President of Sensor Modules at Movella,
"Dead reckoning enables AGV/AMR operators to pinpoint the location of the
vehicle or robot, allowing for the simultaneous execution of complex tasks. We
are thrilled to offer a cost-effective solution that can support pioneers in
this field and enable mass deployment in the near future."

The MTi-320 is supported by the MT Software Suite, which includes MT Manager
(GUI for Windows/Linux), SDK, example codes and drivers for many platforms
including ROS.

The MTi-320 is available for immediate evaluation and purchase.

For more information visit
https://www.movella.com/products/sensor-modules/xsens-mti-320
(https://pr.report/9BiYREvf) .

//ENDS

About Movella Holdings Inc.

Movella is a leading full-stack provider of sensors, software, and analytics
that enable the digitization of movement. Movella serves the entertainment,
health & sports, and automation & mobility markets. Our innovations
enable customers to capitalize on the value of movement by transforming data
into meaningful and actionable insights. Partnering with leading global brands
such as Electronic Arts, EPIC Games, 20(th) Century Studios, Netflix, Toyota,
Siemens and over 500 sports organizations, Movella is creating extraordinary
outcomes that move humanity forward. To learn more, please visit
www.movella.com
(https://eur05.safelinks.protection.outlook.com/?url=https://www.globenewswire.com/Tracker?data=F-nNj5HK6iGj_jv8EhLCctp7vknaikFtryujaHbpMiujs2mGlXwn3YWlfnJx37zoZyOVT4qFabaaJ3L6sFfgWQ==&data=05%25257C01%25257Cremco.sikkema@movella.com%25257C799c00cd70b444c0485608db0fed49e0%25257C0d9644303c5f4a6990b984cee624918a%25257C0%25257C0%25257C638121284036323699%25257CUnknown%25257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0=%25257C3000%25257C%25257C%25257C&sdata=2GQb4s5QCkKv1Tu8Krf4ac0LGNyKM2+3nH/ZU/TSqYw=&reserved=0)
.

Cautionary Statement Regarding Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of
federal securities laws. The words "accelerate," "anticipate," "believe,"
"continue," "could," "enable," "estimate," "expect," "extend," "fuel,"
"future," "growth," "intend," "may," "might," "opportunity," "outlook,"
"plan," "position," "possible," "potential," "predict," "progress," "project,"
"realize," "see," "seem," "should," "will," "would," and similar expressions,
or the negative of such expressions, may identify forward-looking statements,
but the absence of these words does not mean that a statement is not
forward-looking. These forward-looking statements include, but are not limited
to, statements regarding the following: Movella's management team's
expectations, hopes, beliefs, intentions or strategies regarding the future
and the company's competitive position; the potential impact of the merger on
Movella and its business, including allowing Movella to continue to rapidly
scale its business and further invest in market-leading movement capture and
digitization solutions; the potential benefits and expectations related to the
terms of the FP financing, including but not limited to, the sale of
FP-purchased stock and repayment of the note; the ability of Movella's
solutions to enable real-time digitized movement in the emerging high-growth
areas of the Metaverse, next-generation gaming, live streaming and other
applications; the anticipated use of capital raised from the transaction to
further scale and grow the business; the belief that Movella's proprietary
technology, scalable business model, and experienced leadership team will
position Movella to extend its leadership position and continue to deliver
innovations that drive the industry; the anticipated or potential features,
benefits, and applications for Movella's products and technology and timing
thereof; the market opportunity for Movella's products and technology; or
other characterizations of future events or circumstances, including any
underlying assumptions. These statements are based on the current expectations
of Movella's management and are not predictions of actual performance and as
such, are provided for illustrative purposes only. These forward-looking
statements involve a number of risks, uncertainties (some of which are beyond
Movella's control) or other assumptions that may cause actual results or
performance to be materially different from those expressed or implied by
these forward-looking statements. These risks and uncertainties include, but
are not limited to, the following: (i) failure to realize the anticipated
benefits of the merger ; (ii) general economic conditions and Movella's
financial performance; (iii) changes adversely affecting the businesses in
which Movella is engaged; (iv) Movella's ability to execute on its business
strategy and plans and to manage growth; and (v) risks related to regulatory
matters, as well as the factors described under the headings "Risk Factors"
and "Cautionary Note Regarding Forward-Looking Statements" in the final
prospectus filed with the Securities and Exchange Commission (the "SEC")
pursuant to Rule 424(b)(3) by Pathfinder on January 17, 2023 and in those
documents that Movella will file with the SEC in the future. If any of these
risks materialize or the underlying assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that Movella
presently knows or currently believes are immaterial that could also cause
actual results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect expectations,
plans or forecasts of future events and views as of the date of this press
release. Movella anticipates that subsequent events and developments will
cause its assessments to change. However, while Movella may elect to update
these forward-looking statements at some point in the future, Movella
specifically disclaims any obligation to do so, except to the extent required
by applicable law. These forward-looking statements should not be relied upon
as representing Movella's assessments as of any date subsequent to the date of
this press release and are not intended to serve as a guarantee, an assurance,
a prediction or a definitive statement of fact or probability. Accordingly,
undue reliance should not be placed upon the forward-looking statements.

SOURCE: Movella Holdings Inc.

 

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