|
NAVTEQ Continues Asia Pacific Expansion with First Release in Thailand
28 February 2007 NAVTEQ (NYSE: NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions, has announced its expanded digital map coverage in the Asia Pacific region with its first release of Thailand. The NAVTEQ(R) map of Thailand covers a population of more than six million and includes over 15,500 kilometers of road network within the province of Bangkok (Krung Thep Maha Nakhon).
"Our continuing commitment to the Asia Pacific region is driven by our mission to be a global supplier, establish a presence and do business in local markets and to meet the needs of our global customers who want to grow their navigation and location-based products and services," stated Rafay Khan, Vice President, Business Development Asia Pacific.
With the addition of Thailand, NAVTEQ offers robust digital map coverage in nine countries or territories within the Asia Pacific region, with plans for additional new country releases in 2007. Six countries or territories offer full coverage of the population, four of which feature 100% Detailed Coverage; NAVTEQ's highest coverage specification, which includes full attribution and verification of the complete road network. Along with its China joint venture, NAV2, NAVTEQ's Asia Pacific footprint currently covers over 700 million in population and includes over 10 million points of interest.
To build customer interest and work together in future releases, NAVTEQ has formed a strategic alliance with Able ITS (AITS). NAVTEQ and AITS will work together to develop a highly accurate digital map database that will enable the launch of navigable and location based services in Thailand. AITS has local expertise in Thailand as well as extensive experience in developing digital map databases with a strong foundation in quality, delivery and productivity.
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 2,100 employees located in 139 offices in 25 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 "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.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO )
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Internet Articles
|
 | Unlimited Domain Hosting Only $10 a Month
Founded in 2002, Hostgator.com, LLC has quickly grown from its humble beginnings in Boca Raton, Florida into one of the most respected names in the web hosting industry. Renowned for exceptional customer support and unrivaled in terms of customer satisfaction, Host Gator is poised to take the lead in the highly competitive and densely populated world of web hosting providers.
For more information!
Click Here |
|
|
 | Got Root?! 1&1 Dedicated Servers starting at $99 mo.
We guarantee the highest product quality, top security, and unshakeable reliability. 1&1’s advanced Data Centers have been built from the ground up using the most advanced technology available, giving our global network a strength that is beyond doubt. The power and stability of 1&1’s systems allows us to be first to market with web products that are innovative yet dependable.
For more information!
Click Here |
|
|
 | Get a full dedicated server starting at just $29.95!
ServerPronto is a dedicated hosting subsidiary of Infolink, one of a few profitable Data Center Corporations in the world. From it's beginning in January 1999, Infolink served the "Value Orientated" segment of the Internet market. Not by offering a sub-standard product at a low price, but by offering a top-quality, feature rich product at an incredible price. Since the beginning Infolink has enjoyed dramatic growth while other's in the industry have suffered. We operate our own network in the USA and maintain redundant Fiber Optic Rings which allow us to directly peer with Tier 1 Internet Backbones.
For more information!
Click Here |
|
|
