NAVTEQ Launches First Map of Brazil
Brazil Marks Beginning of NAVTEQ Mapping Initiative in South America
CHICAGO, Aug. 8 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE:NVT) , a leading global provider of digital map data for vehicle navigation and location-based solutions, has released its first map of Brazil. Brazil is the first South American country to be mapped by NAVTEQ, launching an initiative to increase NAVTEQ's map coverage in the South American region. Currently, NAVTEQ(TM) maps span across five continents. The map of Brazil is now available to customers for use in mapping applications.
The NAVTEQ map of Brazil provides detailed road network coverage of Brazil's three largest cities: Belo Horizonte, Rio de Janeiro, and Sao Paulo, including address routing capability. In addition, the map provides coverage of connector highways, allowing for routing to, from and through these three major urban areas.
With over 40,000 kilometers of coverage, NAVTEQ's map of Brazil covers approximately 12.5% (or 25.3 million) of the population. Additionally, the map offers numerous points of interest, including restaurants, hotels, museums, petrol stations, and other tourist attractions.
"The premier map in South America represents the first step to broader navigation solutions for South America. Brazil commands a vast automotive and wireless market, and NAVTEQ responded to the customer need to offer products in this region," commented John MacLeod, Executive Vice President - Global Marketing and Sales for NAVTEQ. "The introduction of the map of Brazil is an important progression, and we look forward to continuing our expansion in the South American region."
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 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.
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