Pioneer Launches New Portable Device With NAVTEQ Map Data
Chicago, IL – April 26, 2006 – NAVTEQ (NYSE: NVT), a leading global provider of digital map data for location-based solutions and vehicle navigation, has been selected to provide map data for Pioneer Electronics (USA) Inc.’s new portable navigation device, the AVIC-S1.
The new AVIC-S1 will be preloaded with NAVTEQ® map data, including a comprehensive database of the U.S. and Canada and 1.5 million of the most popular points of interest including, restaurants, gas stations, and ATMs making it easier to locate and route to many different destinations.
NAVTEQ data delivers the highest levels of quality and precision. From turn restrictions to relative road crossing heights, every road segment captured in the NAVTEQ database has up to 160 attributes, such as access restrictions, one-way streets and speed categories. Additionally, NAVTEQ maps include Points of Interest including restaurants, hospitals, shopping centers and leisure facilities, making it easier to locate and route to many different destinations.
The AVIC-S1, a compact and lightweight portable navigation device, combines the essentials of an installed navigation system with the convenience of a true portable device that can be transported easily from car-to-car. Future map updates are readily accessible through a smart digital (SD) card slot located on the side of the unit.
The AVIC-S1 is compact without sacrificing performance, employing such features as a TFT touch panel, 2D and 3D view mode, a screen arrow with voice instructions, and a jog dial that simplifies searches for names, addresses, and points of interest. If a driver strays of route, the AVIC-S1 will automatically recalculate a new route to the final destination.
The AVIC-S1 will be available in June 2006 at a retail price of $599 and will come complete with a mounting kit, cigarette lighter adapter, carrying case, home charger and PC mini-USB cable.
Pioneer Electronics Service, Inc. is headquartered in Long Beach, Calif., and its U.S. Web address is www.pioneerelectronics.com. Its parent company, Pioneer Corporation, is a leader in optical disc technology and a preeminent manufacturer of high-performance audio, video and computer equipment for the home, car and business markets. The company focuses on core business domains including Blu-ray Disc and DVD, display technologies, navigation, Digital Network Entertainment™ and components.
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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