NAVTEQ Releases Complete Detailed Coverage Map for Iberia
Field Team completes collection of navigation attributes for complete road network in Spain and Portugal
Chicago, IL–April 25, 2006 – NAVTEQ (NYSE: NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions, announced that with complete Detailed Coverage of Spain and Portugal all roads in the Iberian Peninsula have been fully attributed to the NAVTEQ® data specification. One hundred percent Detailed Coverage represents collection of up to 160 data attributes, such as access restrictions, one-way streets, and speed categories, for all the roads in both Spain and Portugal thereby helping to optimize navigation.
“This represents a major effort by our field team”, stated George Filley, Vice President of Product Management for NAVTEQ. “Users of navigation systems with NAVTEQ data for these countries, dotted with popular holiday destinations, will now be able to travel the entire peninsula with all the benefits of navigation attributes wherever they are in Spain and Portugal.”
Full detailed coverage for the Iberian Peninsula contains over 900,000 km of roads and over 70,000 points of interests as well as more than 8,300 cities.
NAVTEQ completed full detailed coverage of Gibraltar in 2004.
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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