NAVTEQ Releases First Maps of the Baltic Region
NAVTEQ Continues Rapid Coverage Expansion in Eastern Europe
CHICAGO, May 12 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE:NVT) , a leading global provider of digital maps for vehicle navigation and location-based solutions, is continuing to rapidly expand its map portfolio in Eastern Europe. For the first time, NAVTEQ's direct customers will have access to digital map data for the three Baltic states of Estonia, Latvia and Lithuania. The map data includes the major metropolitan cities in the Baltic region and some 6,823 kilometres of roadway overall. NAVTEQ field analysts collected more than 380 Points of Interest (POIs) across the region which provide navigation systems with important tourist destination information including hotels, petrol stations, restaurants, etc. The maps of the Baltics are available with the Q1 2005 version of the NAVTEQ database and all subsequent releases.
NAVTEQ(TM) maps of the Baltics provide NAVTEQ customers with accurate map data for Estonia, Latvia and Lithuania. Overall, NAVTEQ field analysts have collected approximately 6,823 kilometres of road in the region. The NAVTEQ map of Estonia offers 2,262 kilometres of road, which includes the major cities of Tallinn, Tartu, Narva and Parnu and the main connector roads in between these cities. Ferry connections with Finland, Germany and Sweden have also been included in the map.
In Latvia, the metropolitan area of Riga and the cities of Daugavpils, Liepaja and Ventspils are included in the database. The map also covers 2,603 kilometres of major roads, including motorways and main routes to the neighbouring countries of Estonia and Lithuania. In Lithuania, the map comprises detailed coverage of the cities of Vilnius, Kaunas, Klaipeda, Siauliai, Penevezi and the major roads throughout the country. Overall, NAVTEQ's field analysts have driven some 1,958 kilometres of road in Lithuania. For both Latvia and Lithuania, ferry connections to Germany and Sweden have also been integrated into the database.
About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices and Internet-based mapping applications. 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 1,500 employees located in over 100 offices in 20 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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