NAVTEQ Offers Truck Attribute Data for NAVTEQ Map of North America
Written by NAVTEQ
Wednesday, 19 October 2005
CHICAGO, Oct. 18 - NAVTEQ (NYSE:NVT) , a leading global provider of digital maps for vehicle navigation and location-based solutions, released a new data set, specifically tailored for the trucking industry, that provides truck access restriction and recommended truck route information linked to the NAVTEQ(R) map of North America.
This data enables transportation and logistics solution providers that leverage NAVTEQ maps to enhance routing solutions, multi-vehicle optimization applications and truck navigation products. The first version of this data set is available with the Q3 2005 release of the NAVTEQ map of North America.
The NAVTEQ North American truck attribute data provides both restriction and recommended route information. The restriction attributes include legal, height, weight, length and width specific information for segments of roadway. The data set also offers Surface Transportation Assistant Act (STAA) routes: Federal Highway Administration designated highway networks that can best accommodate truck traffic. State designated truck routes for 12 states (Florida, Georgia, Illinois, Louisiana, Minnesota, New Hampshire, New York, Ohio, Pennsylvania, South Carolina, West Virginia and Virginia) are also included in the product. These two types of information will allow solution providers to develop more 'informed' routes, optimized for fleets.
The use of NAVTEQ North American truck attributes in conjunction with the NAVTEQ map has the potential to deliver multiple benefits to solution providers including: cost savings (less damage to trucks and gas used due to detours); improved safety (fewer accidents involving bridges and overpasses); and planning efficiencies (specifically better 'last five mile' route calculation.)
To build the NAVTEQ North American truck attribute data set, NAVTEQ collaborates with both private and public data sources. NAVTEQ conducts rigorous quality testing on the third-party data to make sure that it meets NAVTEQ's quality requirements. Once qualified, the data is linked to the NAVTEQ map and made available to NAVTEQ customers on a quarterly basis in ESRI Shapefile, MapInfo TAB and Oracle Export formats.
"We continue to listen closely to our customers and partners to prioritize new content to service the transportation and logistics industry. NAVTEQ is aggressively working to build a portfolio of excellent content - specific to the fleet and logistics industry and linked to the NAVTEQ map. This effort will allow solution providers to further differentiate their products in the marketplace, either through increased efficiencies in the routing process or a unique 'in-cab' driver experience with the navigation system," said John MacLeod, Executive Vice President - Global Marketing & Strategy for NAVTEQ.
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 1,600 employees located in 122 offices in 21 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 Quarterly Report on Form 10-Q for the quarter ended June 26, 2005, 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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