Here's an interesting approach using a generic string splitter (DelimitedSplit8K) that can be found here: http://www.sqlservercentral.com/articles/Tally+Table/72993/

DECLARE @CHARACTERS TABLE (CHARS CHAR(1))

INSERT INTO @CHARACTERS VALUES

('N'), ('E'), ('M'), ('H'), ('T'), ('V'), ('L'), ('C' );

DECLARE @STRINGS TABLE (STRING VARCHAR(500));

INSERT INTO @STRINGS

SELECT '2449.555N06704.2855EM0701H071T44.098V11.764L0.372C1';

;WITH rCTE AS (

SELECT STRING, n, ItemNumber, Item

FROM @STRINGS

INNER JOIN (

SELECT n=ROW_NUMBER() OVER (ORDER BY (SELECT NULL)),CHARS

FROM @CHARACTERS) a ON n=1

CROSS APPLY dbo.DelimitedSplit8K(STRING, CHARS)

UNION ALL

SELECT STRING, b.n+1, c.ItemNumber, c.Item

FROM rCTE b

INNER JOIN (

SELECT n=ROW_NUMBER() OVER (ORDER BY (SELECT NULL)),CHARS

FROM @CHARACTERS) a ON a.n = b.n + 1

CROSS APPLY dbo.DelimitedSplit8K(Item, CHARS) c

WHERE b.ItemNumber <> 1

)

SELECT mvoltage=MAX(CASE WHEN n=1 THEN Item ELSE NULL END)

,mnorth=MAX(CASE WHEN n=2 THEN Item ELSE NULL END)

,meast=MAX(CASE WHEN n=3 THEN Item ELSE NULL END)

,mtime=MAX(CASE WHEN n=4 THEN Item ELSE NULL END)

,mtemperature=MAX(CASE WHEN n=5 THEN Item ELSE NULL END)

,mheight=MAX(CASE WHEN n=6 THEN Item ELSE NULL END)

,mcompraser=MAX(CASE WHEN n=7 THEN Item ELSE NULL END)

,mluman=MAX(CASE WHEN n=8 THEN Item ELSE NULL END)

FROM rCTE

WHERE ItemNumber = 1

GROUP BY STRING

Forgive me Jeff... Just having a bit of fun.