NAVTEQ Announces Rich Content Data Set Targeting Today’s Mobile Devices
Urban Explorer for NAVTEQ™ Available for use in LBS Challenge Applications
Las Vegas, NV –April 6, 2006 – NAVTEQ (NYSE: NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions, unveiled a new bundle of map data targeted specifically for mobile devices at the LBS Challenge Awards Program today at the CTIA Conference. This bundle of map and POI content that will be available to mobile device manufacturers, wireless carriers and application developers, is designed to meet the needs of end-users with mobile devices in major metropolitan areas who are not traveling by car.
Urban Explorer for NAVTEQ will support map display, geocoding and proximity searches and will be enhanced with Fodor’s Travel Guide information on restaurants, hotels, shopping, nightlife and arts, and tourist attractions.
The Beta release of the product will be available in Q3, 2006 with a Q4 commercial release for selected cities planned later this year.
“Urban Explorer for NAVTEQ will include content specific to the needs of the mobile traveler and will make visiting a city easier and more enjoyable” stated George Filley, Vice President of Product Management, NAVTEQ. “Mobile users will now have at their fingertips, information on pedestrian geometry, mass transit stops, bike paths and lanes, and be able to see map displays and search for POIs and activities based on neighborhood boundaries.”
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has approximately 1,900 employees located in 131 offices in 23 countries.
NAVTEQ is a trademark in the U.S. and other countries. © 2006 NAVTEQ. All rights reserved.
This document may include certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” or words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2005, as filed with the Securities and Exchange Commission.
Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. NAVTEQ does not undertake any obligation to update any forward-looking statements contained in this document.
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