Posted May 19, 2018 06:12:23Costco, the nation’s largest retailer, is making an estimated $200.5 million for a new navigation system designed to improve navigation for people who use drones.
The $20 million acquisition, which the company said would be the largest ever of its kind, will replace the company’s current navigation system that costs about $200 per month.
The system is expected to be used by about 100 million people in the United States, according to the company.
Costco has been working on the navigation system for the past six years, but it didn’t get the funding it needed to finish the project until recently, the company announced in a statement.
The navigation system was developed using an algorithm that helps determine when to use the drone’s radar, which is a form of navigation.
It is based on a computer model that calculates how far away objects are.
It works with other sensors to help determine where an object is within a range of motion and then allows the drone to orient itself and find the object.
Costas radar system has sensors that track the distance and speed of objects within its field of view, allowing it to track objects that are farther away, as well as the direction an object moves.
The system uses the speed of an object to determine when it is within its visual range of vision.
Costcos new navigation software also helps determine where a drone is when it flies near a person and what position the drone is in relative to the person, the statement said.
It is the latest in a string of acquisitions by Costco that have raised eyebrows in the aviation industry.
Last year, it paid $4.5 billion to acquire the world’s largest drone maker, Phantom, for $600 million.
In 2015, Costco was also the first retailer to offer a drone service.
Last fall, the chain sold its $3 billion aviation division to private equity firm DST Capital Partners for $1.1 billion.
Costos new navigation app was announced in April 2018.
It has been designed to help customers better navigate for people with disabilities and those with vision issues.