Includes 55 Million Boundaries Covering Over 50% of US Population
NAVTEQ Parcel Boundaries represent the most comprehensive packaged database of parcel geometry available. "NAVTEQ hopes to provide a consolidated, one-stop source for parcel boundaries," said Roy Kolstad, Vice President and General Manager - Business and Government Solutions, NAVTEQ. "We feel this product offers spatial technologies a whole new dimension of information -- from real estate and business intelligence support to spatial visualization and analysis, parcel boundaries have broad application possibilities."
A spatial and visual representation of land assets enables a deeper understanding of the land ownership and property distribution. "Parcel Boundaries can provide a new perspective on a map, it's like using an x-ray on a landscape -- revealing new opportunities for visualization, reporting and analyzing land interests," said Doug Kolom, Product Marketing Manager. "An Insurer, for instance, can use NAVTEQ Parcel Boundaries to more realistically assess the risk of the homes within a flood plain; a boundary will reveal which part of the property is at risk, allowing for adjustments in risk coverage. Innovative application developers understand and know the potential parcel data offers; I expect to see new, value added spatial applications in the near future."
NAVTEQ Parcel Boundaries are available for a broad spectrum of industry and use cases; such as, retail site selection, real estate search and visualization, insurance risk determination, and infrastructure planning, to name a few.
NAVTEQ Parcel Boundaries are available today.
NAVTEQ is a leading provider of comprehensive digital map information for spatial applications in government and business solutions, automotive navigation systems, mobile navigation devices, and Internet-based mapping applications. 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.
NAVTEQ is a trademark in the U.S. and other 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, 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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