NAVTEQ Maps for New Mobile Navigation Module
Nokia Wireless GPS Module Upgrades to NAVTEQ Digital Map Data
CHICAGO, June 29 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE:NVT) , a leading global provider of digital maps for vehicle navigation and location-based solutions, will now supply map data for the Nokia Wireless GPS Module LD-1W.
The Nokia Wireless GPS Module, which connects to compatible mobile phones, PC's or PDA's using Bluetooth has been upgraded to now feature NAVTEQ maps. NAVTEQ maps are recognized as premier digital navigation maps used in the vast majority of in-vehicle navigation systems in Europe. The new Nokia product release leverages NAVTEQ maps in a number of applications to retrieve navigation and location information, which enable users to find the shortest route to a destination or places of interest such as hotels, gas stations and airports.
This new release of the product is launching this month in Sweden, Norway, Denmark, Switzerland, Austria, Benelux Countries, Germany, France, the UK, Italy, Portugal and Spain.
A map display on the Nokia phone screen and accompanying voice instructions route users from one destination to another. The destination address is simply entered on the phone keypad.
"As a leader across European navigation, we are pleased to be working with the leading company in the mobile phone market that is known for its high standards of excellence. NAVTEQ and Nokia's combined expertise and leadership drive this winning combination of portable communication and navigation. NAVTEQ's regularly updated maps enable Nokia mobile phone users to access the location information they need when they need it," says Denis Cohen, Executive Vice President Sales Europe at NAVTEQ.
About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, 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 Registration Statement on Form S-3 (Registration No. 333- 123628), as amended, 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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