BARCELONA, Spain, Feb. 13 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE: NVT),
a leading global provider of digital map data for vehicle navigation and
location-based solutions, announced today an agreement with Telefonica for
the cooperative innovation of new mobile traffic products for European
markets. This relationship is a milestone in the first phase of NAVTEQ
Traffic(TM) presence in Europe, and initial products are targeted for
Barcelona and Madrid. NAVTEQ Traffic currently serves the United States and
Canada with comprehensive real-time and historical traffic data services
and technology.
The agreement provides both organizations with a strong foundation for
future product advancements. NAVTEQ Traffic will integrate comprehensive
real-time content including sensor, GPS probe, and incident data, and
anonymous cell-based probe data will be extracted from Telefonica's mobile
communications network. The breadth, detail, and diversity of these data
sources will provide maximum coverage and accuracy. Telefonica will provide
broad distribution of innovative high-quality consumer solutions to their
customers for popular mobile platforms. These products will provide users
with real-time roadway conditions reports including average speeds and
congestion levels.
"We're committed to working with global leaders, such as Telefonica, in
the application of new technologies and the distribution of world class web
and mobile dynamic content," said Howard Hayes, Vice President Dynamic
Content Services for NAVTEQ. "The growing demand for real-time traffic
products internationally provides us with the opportunity to revolutionize
mobile information delivery through cooperative innovation."
The companies plan to release their first European consumer products
for the Barcelona and Madrid markets this year.
At GSMA Mobile World Congress, Fira De Barcelona, Spain, February
11-14, 2008, NAVTEQ is demonstrating its location content services and
solutions in booth 1G45 and Telefonica is featuring NAVTEQ Traffic
solutions in booth 8B178 and 8B185.
About 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 3,300 employees located
in 167 offices and in 31 countries.
NAVTEQ is a trademark in the U.S. and other countries. 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. 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 each of the Company's most recent Annual and Quarterly
Reports 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.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO)
SOURCE NAVTEQ
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Related links:
http://www.navteq.com/
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Jennifer Schuh of NAVTEQ, +1-312-894-3913,
jennifer.schuh@navteq.com; or Bob Richter, +1-212-802-8588,
bob@richtermedia.com, for NAVTEQ
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