NAVTEQ’s new online service provides information about map updates for your navigation system
The “Sat Nav Challenge” is a unique NAVTEQ online offering that educates consumers on their navigation systems
Sulzbach, Germany - 22 June 2006 – NAVTEQ (NYSE: NVT), one of the world’s leading providers of digital map data for vehicle navigation and location-based solutions, has set up a new web site where customers can quickly and easily learn about map update availability for their navigation systems. This site, which can be accessed at www.navteq.com/update, contains information on updates for some 45 different systems.
NAVTEQ research has shown that numerous users of navigation systems travel with an out-of-date map. This research also revealed that many of them wish to purchase updates but do not know whether and when such updates are available. Using a unique, interactive platform, NAVTEQ established “The Sat Nav Challenge”, a website that “challenges” satellite navigation users to discover whether a map update exists for either their fixed or portable navigation systems. The web pages, which are the first of their kind, are aimed at customers in Europe, who can access pages in English, German, French or Dutch. The new and intuitive web pages provide visitors with immediate answers, while displaying the information in a clear and comprehensive manner.
To see whether an update is available, the user simply needs to enter his/her system model, choose the make and year of manufacture of the vehicle or navigation device, and submit an e-mail address. If a new digital map exists, the user can order it directly via the web. If no update is available, the user can register their details and be notified via e-mail as soon as a new map is available. Registered users will also receive a 15 percent discount on their order when buying two maps, something a navigation system user might find valuable if buying updates for several countries. If map updates cannot be ordered directly from its website, NAVTEQ will refer users to the correct sources of supply, such as their car dealer.
“Many car drivers have invested in high-quality navigation systems. However, if these systems use an out-of-date map CD or DVD, even the best navigation device may be unable to provide correct guidance. Consequently, if drivers have out-dated maps, then they might discover unexpected dead-ends, new hotels and restaurants, or a new bypass that their older map does not reflect. This certainly can be frustrating. We want to encourage users to up-date their maps regularly to avoid these inconveniences.” comments Tim Cordell, Channel Sales Director at NAVTEQ.
NAVTEQ
NAVTEQ is a leading provider of comprehensive map information for vehicle navigation systems, mobile route guides and map solutions in the Internet, as well as of solutions for public authorities and businesses. NAVTEQ prepares digital, navigable geodata, which support navigation and location-based services around the world. The company was founded in 1985.The company is headquartered in Chicago, Illinois. NAVTEQ employs a staff of approximately 1,900 and has more than 131 field offices in 23 countries. Veldhoven in the Netherlands is the site of the European headquarters. You can find more information on the Internet at http://www.navteq.com.
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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For more information, send e-mail to jennifer.fondrevay@navteq.com.
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