NAVTEQ's Real-Time Service Enhances Verizon Wireless' Suite of Location Solutions
Verizon Wireless is the first wireless provider to feature NAVTEQ Traffic Mobile. Operating a nationwide voice and data network serving approximately 67.2 million consumers, Verizon Wireless is the largest U.S. wireless company, based on retail customers. With Verizon Wireless' newest version of its popular VZ Navigator application, customers can access NAVTEQ's live traffic data on their mobile devices and receive continuously updated real-time traffic information in more than 75 cities across the U.S., including visual notification of incidents and congestion that allow drivers to see potential traffic delays and avoid traffic problems.
Dale Beasley, director of consumer product development for Verizon Wireless, said, "Real-time traffic avoidance and more allows our customers to truly transform their wireless phones into powerful GPS navigation systems, at a fraction of the cost. Additional functionality in our VZ Navigator service, it only enhances our customers' overall wireless experiences."
NAVTEQ Traffic Mobile provides NAVTEQ business customers with the ability to flexibly integrate high-quality, dynamic traffic content into wireless applications. Specifically designed to enable efficient delivery of real-time traffic data over wireless networks, the NAVTEQ Traffic Mobile service provides the high-volume, scalable resources today's publishers, content providers and developers require.
"Research shows that traffic is the number one enhancement consumers want added to their navigation experience," commented Jeff Mize, executive vice president, sales, NAVTEQ. "Verizon Wireless continues to anticipate the needs of its customers by advancing its applications such as VZ Navigator through next-generation services such as NAVTEQ Traffic Mobile."
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE: VOD) (LSE: VOD). For more information, go to: http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
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 more than 3,500 employees located in 174 offices and in 32 countries.
NAVTEQ and NAVTEQ Traffic Mobile are trademarks in the U.S. and other countries. (C) 2008 NAVTEQ. 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.