Tele Atlas Selected by DENSO CORPORATION to Power Advanced Automotive Navigation Systems
Written by Tele Atlas
Wednesday, 21 May 2008
Alliance with DENSO Extended to Deliver Digital Maps of North America for Systems Deployed by Leading Automobile Manufacturers
Telematics Detroit 2008, Novi, MI - May 21, 2008 - Tele Atlas (FSE: TA6, EUNV: TA), a leading global provider of digital maps and dynamic content for navigation and location-based solutions, today announced it has signed an agreement to extend its relationship with DENSO CORPORATION, a leading supplier of advanced automotive technology, systems and components for all the world's major automakers, to power its in-vehicle navigation systems in North America.
The announcement marks the continued strength in Tele Atlas's successful relationship with DENSO, which began in 2000. Through the agreement, DENSO's advanced navigation systems, which are deployed in major automobile manufacturer vehicles, will rely on Tele Atlas digital maps and content for North America.
"By combining our innovative map products and processes with the automotive technological expertise of DENSO, we are able to help deliver industry-leading car navigation systems that offer highly advanced information and communication terminals with a range new services for consumers," said Jonathon Husby, Vice President of Automotive, Telematics and Transportation, Tele Atlas. "We're excited to expand our longstanding relationship with DENSO and look forward to collaborating on future opportunities to further support their navigation initiatives."
About Tele Atlas
Tele Atlas delivers the digital maps and dynamic content that power some of the world's most essential navigation and location-based services (LBS). The information is the foundation for a wide range of personal and in-car navigation systems and mobile and Internet map applications that help users find the people, places, products, and services they need, wherever they are. The company also works with business partners who trust its digital map data to deliver critical applications for emergency, business, fleet, and infrastructure services. Through a combination of its own products and partnerships, Tele Atlas offers digital map coverage of more than 200 countries and territories worldwide. The company was founded in 1984 and today has approximately 2,500 full-time staff and contract cartographers at offices in 24 countries and uses a sophisticated network of professional drivers, mobile mapping vans, and more than 50,000 data resources to deliver highly accurate and up-to-date digital maps. Tele Atlas is listed on the Frankfurt Stock Exchange (TA6) and on Euronext Amsterdam (TA). For more information, visit www.teleatlas.com.
About DENSO
DENSO CORPORATION, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs approximately 118,853 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2008 totaled US$40.2 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
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