NAVTEQ Parcel Boundaries(TM) Now Available

Includes 55 Million Boundaries Covering Over 50% of US Population

CHICAGO, Nov. 8 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE: NVT), a leading global provider of digital maps for vehicle navigation and location-based solutions, is announcing the availability of NAVTEQ Parcel Boundaries(TM), a collection of property boundaries encompassing over 50% of the US population. Never before have parcel boundaries been assimilated and standardized to the extent NAVTEQ Parcel Boundaries have, enabling use across a wide spectrum of industries while greatly improving decision criteria for land related visualization, analysis, and reporting.

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.

About NAVTEQ

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.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO )

Web site: http://www.navteq.com/


Rating:
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Review Article
  • October 09, 2008
    Reviewed by 'Ray Montgomery'
    The article reads like a sales piece written by NAVTEQ, not an actual review. It makes it sound like NAVTEQ has newly invented the use of parcels in GIS applications! Well, surprise! Most municipal governments already use parcels in GIS.
    The article misses the things important to potential customers, such as: How recent is the parcel data? How often will NAVTEQ be updating the ever-changing parcel fabric? What parcel attributes are collected, from what sources? How spatially accurate are the parcels? What areas of the country are covered by this new product that aren't available from usualt parcel sources? etc.
    The website link provided just takes you to the main NAVTEQ page, where the new product isn't even mentioned. Big help.

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