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NAVTEQ Corp. Release date: June 13, 2007
Asia-Pacific Footprint Now Includes Ten Countries and Territories
CHICAGO, June 13 / / - NAVTEQ (NYSE:NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions, has announced its first availability of digital map coverage in India. The NAVTEQ(R) map of India covers a population of more than 53 million and includes over 64,000 kilometers of road for the cities of Delhi, Mumbai, Pune, Hyderabad, Chennai, Bangalore and the roads connecting these cities. The city centers of six major cities are covered at NAVTEQ's Detailed Coverage level, the highest and most complete database specification. The surrounding city areas include all navigable and named roads. All coverage areas include Points of Interest (POI) which can ease the use of navigation destination functionality or help users locate places and attractions of interest.
India is the world's second fastest growing economy as well as its second largest country in population. "Our customers have told us that focusing on the country's main economic centers enables them to optimize their business plans," stated George Filley, Vice President of Product Management, Americas and Asia Pacific, for NAVTEQ. "Additionally, industry experts anticipate huge growth potential in fleet and tracking solutions. Creating a north-south corridor with the connector roads further extends our customers' potential opportunities."
"We continue to align efforts in support of our customers as they expand their business models to reach further into Asia. And our global specification enables them to gain efficiencies in areas such as compilation which can improve their time to market which is so critical in an economy like this," added Rafay Khan, Vice President, of Business Development for Asia Pacific.
NAVTEQ has extensive coverage in Asia including, along with India, maps for the following countries and territories: Australia, Hong Kong, Macau, Malaysia, Singapore, South Korea, Taiwan, Thailand, and through NAV2, NAVTEQ's joint venture in China, a map in China.
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 service solutions around the world. The Chicago-based company was founded in 1985 and has approximately 2,800 employees located in 167 offices in 28 countries.
NAVTEQ is a trademark in the U.S. and other countries. (C) 2007 NAVTEQ. All rights reserved.
Source: NAVTEQ
CONTACT: Jennifer Schuh of NAVTEQ, +1-312-894-3913, Jennifer.schuh@navteq.com
Web site: http://www.navteq.com/
Company Information:
Name: NAVTEQ Corp.
Address: 222 Merchandise Mart, Suite 900
City: Chicago
State: IL
ZIP: 60654
Country: USA
Phone: 312-894-7000
http://www.navteq.com
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