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August 07, 2008

Brilliant Completes Second Close of Its Series B Financing to Accelerate the Launch of New Products in Europe and North America

Existing financial and strategic investors seek to propel Brilliant’s top tier opportunities

Campbell, Calif. August 7, 2008—Brilliant Telecommunications, Inc. (Brilliant), designs, develops and distributes network timing solutions that meet the complex timing and synchronization requirements facing telecom service providers as they transition to IP backhaul, mobile WiMAX services and in-home basestations (“femtocells”).

This second close brings the total Series B round of capital raised to $11 million, lead by NovAtel Inc. (NovAtel), and including participation from Onset Ventures, Asset Management, Draper Associates, Draper Richards as well as other strategic investors.

NovAtel, a wholly-owned Canadian subsidiary of Hexagon AB, made an initial investment in October 2007 and has an exclusive cooperation agreement with Brilliant to jointly develop solutions for the global network timing market. “This investment demonstrates our confidence in Brilliant’s vision and prospects in next-generation network timing,” says Jon Ladd, NovAtel’s Chief Executive Officer. “The integration of Brilliant and NovAtel technology will provide a substantial competitive differentiation and a new level of price/performance for timing measurement and management.”

With extensive experience in IP technologies, Brilliant has developed a family of network timing, management and synchronization solutions. Brilliant’s products provide accurate, secure and reliable timing solutions for a range of markets in addition to the telecommunications industry, addressing data centers, utility suppliers, and legal and financial entities.

“NovAtel is an ideal partner for us, as it offers leading Global Navigation Satellite System (GNSS) technology across the US GPS, Russian GLONASS and European Galileo satellite systems, and is well positioned for the Chinese COMPASS system in the future,” says Dr. Charles Barry, President and CEO of Brilliant, “The ability to leverage NovAtel’s established reputation, strong research and development resources and OEM channels, enables Brilliant to provide timing and sync solutions that work in every country or market.”

Brilliant, founded in 2004 is privately held with offices in Silicon Valley and China. Brilliant has recently increased its profile with top tier telecommunications and networking companies, and is presently in trials with a large European telecommunications company that requires accurate timing to support mobile hand-offs, which are essential in their transition to IP backhaul.

About NovAtel

NovAtel Inc. is a leading provider of precision Global Navigation Satellite System (GNSS) components and subsystems that afford its customers rapid integration of precise positioning technology. The Company’s mission is to provide exceptional return on investment and outstanding service to its customers. An ISO 9001 certified company, NovAtel is focused on developing quality OEM products including receivers, antennas, enclosures and firmware that are integrated into high precision positioning applications worldwide. These applications include surveying, Geographical Information System (GIS) mapping, precision agriculture machine guidance, port automation, mining, marine and defense industries. NovAtel’s reference receivers are also at the core of national aviation ground networks in the USA, Japan, Europe, China and India. The Company is committed to providing its customers with advanced positioning technology through significant R&D investment focusing on the modernized Global Positioning System (GPS), the revitalized Russian GLONASS and the emerging European Galileo satellite systems, as well as the integration of additional complementary technologies such as Inertial Measurement Units (IMUs).

For more information, visit www.novatel.com

About Brilliant Telecommunications

Founded in 2004, Brilliant Telecommunications designs, develops and distributes a family of network timing, management and synchronization solutions, including carrier-class NTP and PTP servers, Primary Reference Sources (PRS), and Building Integrated Timing Supplies (BITS). These highly accurate end-to-end timing network solutions deliver Service Level Agreement (SLA) monitoring and management capabilities, in addition to providing timing and synchronization to the most time-sensitive applications in legacy and next-generation IP networks.

For more information please visit www.BrilliantTelecom.com

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Contact Information

Lloyd Green
Brilliant Telecommunications
Lloyd@BrilliantTelecom.com
T: 408-866-1896 x41

Joanna Laznicka
Phaze-9 Corporation
joanna@phaze-9.com
T: 408-448-3113

Lori Winkler
NovAtel Inc.
Lori.Winkler@Novatel.com
T: 403-730-4677