Nokia launches second PND with high quality navigation, bluetooth handsfree
and multimedia applications
CHICAGO, Jan. 21 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE: NVT), a
leading global provider of digital maps for vehicle navigation and
location-based solutions, is supplying map data for the new Nokia 500 Auto
Navigation personal navigator, which is the company's second PND.
Designed to offer navigation, communication and multimedia features,
the Nokia 500 Auto Navigation has a large 4.3" touch screen, an intuitive,
easy to use interface; and integrated GPS and TMC (for traffic information)
receivers. With very recent (at least mid 2007) pan-European, high quality
maps from NAVTEQ, there have been no compromises on the navigation
function.
From offline route planning and trip management to turn by turn voice
instructions (including street names), this new PND is a sophisticated
navigator which uses Nokia navigation software and makes excellent use of
the NAVTEQ data. It offers visual images of motorway exit numbers and
signposts; a range of options for selecting destinations; and interactive
points of interest.
Offering all the attributes of a complete car kit, including handsfree
phone operation through phone-book download with compatible mobile phone
and DSP for echo cancellation, the Nokia 500 Auto Navigation will also play
music on the car radio via integrated FM Transmitter and away from the car,
the large screen is great for sharing photographs or watching videos. As
you would expect from Nokia, the handsfree function supports voice dialing,
call stacking and call waiting.
Serge Bussat, VP and General Manager of NAVTEQ Consumer Applications
Group, commented, "Nokia's introduction of this product emphasizes the
direction the market is taking towards multi media navigators -- consumers
are now expecting a whole range of features on all their electronic gadgets
and sat nav systems are no exception."
About Nokia
Nokia is the world leader in mobility, driving the transformation and
growth of the converging Internet and communications industries. Nokia
makes a wide range of mobile devices and provides people with experiences
in music, navigation, video, television, imaging, games and business
mobility through these devices. Nokia also provides equipment, solutions
and services for communications networks. http://www.Nokia.com.
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 3,100 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.
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