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Closing Bell

Manifest Space: Space-Enabled Precision and the GPS Bet with Trimble CEO Rob Painter 3/21/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 21 March 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

Trimble, a leader in geospatial technology and player in the Internet of Things (IOT), is reaping the benefits of its initial bet on GPS 46 years ago. Trading at multi-year highs, the company is building on the momentum that stems from building hardware & software for construction, agriculture, transportation, and more. CEO Rob Painter joins Morgan Brennan to discuss Trimble’s portfolio and the role of space in software applications. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Trimble is a leader in geospatial technology and a player in the Internet of Things.

0:06.0

It builds hardware and software and offers services to markets ranging from construction to agriculture to transportation.

0:12.0

Trimble's forte, space enabled, to to that are enabled by technology that's deployed from space, namely GPS.

0:24.8

The super set of GPS is known as GNSS or global navigation satellite system.

0:29.3

So many countries have their own satellites these days. The US was the first and the

0:34.0

first satellite launched back in 1978. Our first GPS receiver was sold in 1984.

0:42.6

And so when precision matters, like moving from that,

0:45.6

let's call it meter level accuracy to submeter,

0:48.5

down to centimeters, that's where Trimble shows up.

0:51.0

There's really, when precision matters, you want Trimble. Trimble shows up is really when precision matters you want Trimble.

0:54.5

Trimble CEO Rob Painter says the 46 year old company's origins stem from an ambitious bet that

0:59.8

GPS would have broader applications beyond the military.

1:04.0

Today, shares of TRMB trade at a multi-year high as investors bet on the digitization of

1:09.8

everything and the industrial tech companies delivering it.

1:13.0

On this episode, Painter breaks down the Trimble portfolio and the role of space in software applications on Earth.

1:21.0

I'm Morgan Brennan and this is Manifest Space.

1:24.0

Rob Painter, CEO of Trimble.

1:30.0

It's so great to speak with you today.

1:31.0

Thanks for joining me.

1:32.0

Hi Morgan, good to see you again.

1:34.1

All right, so I just want to start,

1:35.4

I just want to start at the beginning with the basics

...

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