Garmin Selects NAVTEQ for First Advertising Supported Real-Time Traffic Delivery
Written by NAVTEQ
Monday, 15 September 2008
NAVTEQ Traffic Radio Data System (RDS) and the NAVTEQ Interactive
Advertising Service Enable Ad-Supported Lifetime Traffic for Drivers
SAN FRANCISCO, Sept. 10-- (CTIA Wireless I.T. & Entertainment 2008, NAVTEQ Booth #323) -- NAVTEQ, a leading global provider of digital map data for location-based solutions and vehicle navigation, announced today that Garmin International Inc., a unit of Garmin Ltd.
(Nasdaq: GRMN), the global leader in satellite navigation, has selected NAVTEQ Traffic's RDS delivery service and the NAVTEQ interactive advertising service for the nuvi 755T, 765T and 775T and nuvi 2x5 family. With Garmin, NAVTEQ will be the first to bring an advertising supported, real-time traffic service to market in North America.
NAVTEQ Traffic RDS delivers data via FM radio to power Garmin's lifetime traffic alerts allowing drivers to steer clear of traffic accidents, road closures and construction. The Garmin nuvi 755T, 765T and 775T and nuvi 2x5 family come standard with a traffic receiver that will provide alerts in traffic covered areas with no subscription fee required.
NAVTEQ delivers advertising, along with the traffic content, over its RDS network. The advertising is designed to complement the drivers' experience and is contextually relevant. For example, a driver can click on an ad to view specific restaurant information and route to the restaurant's location.
Research indicates consumers accept and even expect advertising if there is a clear value exchange and if the advertising is relevant and unobtrusive. According to research commissioned by NAVTEQ and carried out by Ipsos Understanding UnLtd in early 2008, traffic information has the highest perceived value and the greatest impact on consumers of all dynamic content types including gas prices, parking information, movie listings and times, and flight status information.
"By providing customers like Garmin an advertising-based revenue model in conjunction with RDS traffic data delivery, we believe that more drivers will have access to the most up-to-date traffic information to better manage their daily commutes," commented John MacLeod, executive vice president for NAVTEQ. "Drivers benefit by receiving free traffic while offering advertisers a new location-targeted environment to engage consumers."
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 3,800 employees located in 194 offices and in 42 countries.
NAVTEQ and NAVTEQ Traffic are trademarks in the U.S. and other countries. All rights reserved.
About Garmin
Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite navigation. Since 1989, this group of companies has designed, manufactured, marketed and sold navigation, communication and information devices and applications -- most of which are enabled by GPS technology. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at http://www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin, nuvi, and zumo are registered trademarks, and nuMaps Guarantee is a trademark of Garmin Ltd. or its subsidiaries.
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