Agreement Now
Includes Access to Entire NAVTEQ(R) Map Database
CHICAGO, May 20 --
NAVTEQ (NYSE: NVT), a leading global provider of digital maps for vehicle
navigation and location-based solutions, today announced that MapQuest, the top
mapping website in the US*, has expanded its agreement with NAVTEQ.Under the new agreement, MapQuest now has
access to all 73 countries in the NAVTEQ map database, as well as future
country releases.MapQuest will utilize
NAVTEQ data in both its Internet and mobile applications.
"MapQuest has remained a leader in
online mapping by providing users with reliable maps and directions, high
quality data, and easy-to-use features," said Christian Dwyer, senior vice
president and general manager, MapQuest, Inc."Our agreement with NAVTEQ helps ensure that we continue to provide
users with the best experience possible."
The inclusion of the entire NAVTEQ database
further optimizes MapQuest's location offerings by providing rich map content
beyond the U.S.NAVTEQ map data spans 73
countries and territories on six continents, and includes some of the fastest
growing economies in the world such as Brazil, Russia and India.
"NAVTEQ has worked closely with
MapQuest for many years and we look forward expanding our business
relationship," said Jeff Mize, executive vice president, sales,
NAVTEQ."With this increased access
to our entire NAVTEQ database, MapQuest can now develop compelling location
solutions that affect consumer activity worldwide."
*comScore Media Metrix, March 2008, based
on unique visitors
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 more than 3,500 employees
located in 174 offices and in 32 countries.
NAVTEQ is a trademark in the U.S. and other
countries. All rights reserved.
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. The 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 each of
the Company's most recent Annual and Quarterly Reports 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.
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