NAVTEQ Appoints New Senior Vice President and Chief Technology Officer

Amreesh Modi brings over 20 years of technology leadership to NAVTEQ

CHICAGO, Jan. 29 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE: NVT), a leading global provider of digital maps for vehicle navigation and location-based solutions, today announced the addition of Amreesh Modi as Senior Vice President and Chief Technology Officer. Modi is responsible for setting the technology vision and driving Research and Development for the company. He will be based in the Chicago headquarters and will report to Judson Green, President & CEO.

 

Bringing more than two decades of experience in delivery technologies in the telecommunications and internet arena, Modi is a dynamic leader with expertise in developing innovative systems and software for the marketplace. Modi joins NAVTEQ from Motorola where he served in a variety of technology leadership roles; most recently as Vice President, Motorola Software. In this capacity, he directed the development of system and application software, multimedia services and convergence solutions for the network, enterprise and connected home businesses. He successfully established software design centers around the world including India, China, Singapore, Australia and Europe.

Prior to Motorola, Modi spent 15 years at AT&T Bell Labs in various engineering and product development roles. At AT&T, Modi engaged in the pioneering design and development work of software recovery and database integrity for the 5ESS Switch, making it a best-in-class global switching system.

"We are thrilled that Amreesh is joining NAVTEQ; he will be a great addition to the executive team and to NAVTEQ," commented Green. "Amreesh brings a deep set of capabilities in designing innovative technology solutions and the experience and vision needed to enable NAVTEQ to be a leader in the connected world."

Modi holds a M.S. in Electrical & Computer Engineering from the University of Wisconsin-Madison and an MBA from the University of Chicago's Graduate School of Business.

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 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, 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.

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

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


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