First Release of NAVTEQ Entry Map(TM) Available in Eastern Europe
NAVTEQ's Entry Map portfolio combined with the existing highly accurate proprietary NAVTEQ Map provides the industry with a unique opportunity to source all their global map needs from one supplier. Application developers serving the GIS, wireless, and Internet industries are developing a growing range of new concepts and many are seeking global map solutions. These applications may range from map display and 'find me' products to more sophisticated solutions such as optimization of delivery routes that can aid fleet owners in boosting efficiencies, controlling costs, improving customer service, and enhancing revenue opportunities.
"Entry Map will enable NAVTEQ to address a large number of geographic areas previously under served by the digital map industry," stated Mary Hardwick, Vice President of Product Management, Europe, Middle East and Africa for NAVTEQ. "Additionally, because Entry Map can be edge matched to NAVTEQ maps, our customers will be able to rapidly develop the seamless global, regional and cross-country solutions users are demanding. The combination of these two digital maps in Europe for example, provides regional road network coverage from Portugal through Russia, and from Norway through Turkey."
The first release of Entry Map provides data for the following 18 countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Romania, Russia (Kaliningrad), Serbia and Montenegro, Slovakia, Slovenia, Turkey, and Ukraine. The release includes road geometry on major highways and between cities in Eastern Europe and Turkey. Additional levels of roads including rural and residential roads and select Points of Interest (POIs) for major towns are also included where available. Complete global availability of Entry Map is anticipated for Q2/07.
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 2,100 employees located in 139 offices in 25 countries.
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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