GyPSii, the geo-location and mobile social networking provider, has today announced it has entered into a multi-year worldwide agreement with Garmin, the specialist in satellite navigation.
Under the terms of the agreement, GyPSii will provide technology, products, worldwide data center infrastructure, development licenses, and GyPSii branding rights to Garmin, on a worldwide non-exclusive basis for a range of Garmin products. Garmin anticipates that future products will include friend finding applications that support the GyPSii-powered location-based social networking services platform.
The agreement provides development licenses to Garmin, to leverage the GyPSii location-based geo-social networking services infrastructure for internal development and integration with its products. The agreement also has provisions for revenue sharing between GyPSii and Garmin.
GyPSii incorporates a wide range of location-specific functions and mobile lifestyle services - including mobile search, user generated content-sharing and social networking - in a single platform.
"We're very excited to work with an established global market leader like Garmin to deliver its consumer navigation solutions," said Dan Harple, founder and CEO of GyPSii. "This agreement underscores GyPSii as the leading platform for delivering on a global level the next generation of mobile social networking communities and location-aware mobile lifestyle services. Our agreement with Garmin opens up these new functions and services to consumers everywhere and takes the multi-billion dollar navigation market in an exciting new direction."