Agreement Names NAVTEQ as Map Data Supplier
NAVTEQ's reliable global data is a key factor for TCS software applications that demand the highest quality, and NAVTEQ's single database specification helps facilitate TCS' global expansion efficiently and cost- effectively.
"NAVTEQ is recognized as a global business ally, and our extended relationship with TCS is a testament to our mutual commitment to providing quality and reliability to our customers," said Winston Guillory, Senior Vice President - North American Sales for NAVTEQ. "Prior to its acquisition by TCS, Kivera had successfully collaborated with NAVTEQ for several years to power location-enabling software. We look forward to growing our relationship as the benefits of wireless location-based services drive usage growth in the future."
"TCS is focused on offering the most robust application solutions available," stated Drew Morin, Senior Vice President and Chief Technology Officer for TCS. "The relationship with NAVTEQ enhances TCS' solution with quality components needed to offer our carrier customers premier location- based services. These solutions extend from the position determining infrastructure equipment to the applications using precise location. Going forward, both companies anticipate collaboration in furthering the adoption of location-based mapping applications in the Americas, Europe, and other regions."
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) is a leading provider of mission critical wireless communications to carriers, enterprise and government customers. TCS' wireless data offerings include location-based Enhanced 9-1-1 services, messaging and location service infrastructure for wireless operators, real-time market data and alerts to financial institutions, mobile asset management and mobile office solutions for enterprises, and encrypted satellite communications to government customers. For more information visit http://www.telecomsys.com .
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 1,600 employees located in 122 offices in 21 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 the caption "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter ended June 26, 2005, 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 as a result of new information, future events or otherwise.
Web site: http://www.navteq.com/