NAVTEQ and Roscartographia (Russian Federal Agency for Geodesy and Cartography) Solidify Relationship
Chicago, IL–June 27, 2006 – NAVTEQ (NYSE: NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions, and Roscartographia (The Russian Federal Agency for Geodesy and Cartography) have executed a Memorandum of Understanding and Cooperation to support the growth of the digital map industry in Russia. The memorandum acknowledges a mutual desire to promote the industry and raise awareness of the wide uses of digital map applications.
“NAVTEQ has enjoyed a positive presence in Russia and we look forward to enhancing our relationships in Russia through continued development of the NAVTEQ digital map database,” stated Yiannis Moissidis, Vice President of Business Development, Europe, Middle East and Africa for NAVTEQ.
NAVTEQ released its first commercial database of Russia in July, 2005. NAVTEQ CIS (formerly known as NT Data CIS) is NAVTEQ’s subsidiary in Russia..
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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