NAVTEQ Releases Complete Detailed Coverage for Finland
Highest Attribution Level Covers 100% Of Finnish Population
Chicago, IL–September 20, 2006 – NAVTEQ (NYSE: NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions, has achieved another milestone in their plans for 100% complete Detailed Coverage of Western Europe. With the Q2/06 release of complete Detailed Coverage for Finland, all navigable and named roads in Finland have been verified and up to 204 NAVTEQ attributes have been applied to those roads where applicable. Attributes enable and enhance navigation by avoiding legal and physical restrictions and providing important driver information such as number of lanes in each direction of travel, speed limits and special speed situations. Also included are over 40 categories of Points of Interest (POIs) that assist users in selecting their destination and routing to the businesses like restaurants, stores and gas stations they are looking for. POI attributes include identifying that the name is different in another language from its natural language, a common situation in the bilingual areas of the country where both Finnish and Swedish are spoken and written.
“Complete Detailed Coverage allows NAVTEQ customers to develop turn-by-turn navigation applications for over five million Finns from urban areas such as Helsinki to the remote tundra in Lapland,” stated George Filley, Vice President of Product Management for NAVTEQ, “We’re one step closer to meeting our goal to provide our highest level of road network attribution to all Western Europeans by the end of the year.”
With the commencement of the EU Presidency in Finland in July, NAVTEQ’s over 600,000 km of roads and approximately 12,000 POIs will benefit the participants to the approximately 130 meetings scattered around over 20 locations in the country that are expected to take place in Finland.
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 also include statements about the company’s future geographic coverage expansion. The 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.
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