Live Demonstrations Being Held During CES
"HD Radio(TM) technology will serve as an important traffic distribution channel as HD Radio capable devices become more prevalent. By offering increasing relevant data across the multiple distribution channels our customers demand, our commitment to enhancing the NAVTEQ(R) map and user experience is stronger than ever," said Howard Hayes, Vice President of Dynamic Content.
The primary features of HD Radio include the additional bandwidth and the reliability of digital transmission; in the near future, NAVTEQ expects to be taking advantage of the bandwidth by offering content beyond traffic data. Currently, NAVTEQ Traffic can be delivered over satellite networks, mobile cellular networks, analog FM radio networks (RDS) and soon Internet and HD Radio systems.
To see a working prototype visit the NAVTEQ booth (#36226) during the 2007 International Consumer Electronics Show (CES) January 8-11.
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 and NAVTEQ Traffic are trademarks in the U.S. and other countries. HD Radio is a trademark of iBiquity Digital Corporation.
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.
Web site: http://www.navteq.com/