NAVTEQ Awarded Contract with the US Federal Government
Chicago, IL – September 13, 2006 – NAVTEQ (NYSE: NVT), a leading global provider of digital map data for location-based solutions and vehicle navigation, has been selected as a primary map data provider by the US Government. NAVTEQ will provide road network and standard points of interest data under a government-wide enterprise license to numerous Government agencies supporting US homeland defense.
NAVTEQ employs one of the industry’s most rigorous quality control programs resulting in the highest levels of quality and precision. The NAVTEQ® database is developed by a team of approximately 600 geographic analysts and includes detailed attributes from turn restrictions and relative road crossing heights to road segment access restrictions, one-way streets and speed categories that help optimize routing. 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.
“We are pleased to be recognized as an important component in the Government’s strategy to provide infrastructure information for road and transportation programs and critical initiatives such as homeland security,” remarked Roy Kolstad, Vice President and General Manager – Business and Government Solutions, NAVTEQ.
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 2,000 employees located in 139 offices in 25 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, and “Item 1A. Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarter ended July 2, 2006, in each case 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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