Chicago, IL–July 19, 2006 – NAVTEQ (NYSE: NVT), a leading global provider of digital map data for location-based solutions and vehicle navigation, has announced a full coverage map for South Africa. Included in the data set is over 450,000 km of roads, enabling customers using the NAVTEQ® digital map for South Africa to create navigation solutions for the entire country. The full coverage product, which reaches approximately one hundred percent of South Africa’s population, includes over 25,000 points of interest including high value listings such as approximately 3,900 restaurants and 2,100 hotels. Customers integrating the map into consumer and business applications will have access to data representing over 4,955 named places in the country.
“Because of the strong growth in digital map based applications, NAVTEQ has already significantly enhanced its coverage of South Africa. Moving forward, we plan on continuing to expand our coverage in South Africa to meet the evolving needs of the growing user base of digital maps,” stated George Filley, Vice President of Product Management, for NAVTEQ. NAVTEQ has also made a commitment to provide expanded coverage to support navigation needs during FIFA World Cup to be held in South Africa in 2010, enabling navigation between venues and providing detailed destination information.
The NAVTEQ database now includes virtually all navigable and named roads in South Africa, with full verification of all functional class one through four roads. These functional classes range from high volume, controlled access roads connecting urban areas to roads connecting major business streets with residential roads. The NAVTEQ field office located in Johannesburg employs a team of geographic analysts, enabling NAVTEQ to continue to expand the population of the country covered at its highest and most complete database specification, Detailed Coverage, in the near future. Detailed Coverage represents collection of up to 160 attributes on all roads and currently exists in twenty-three cities in South Africa.
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 1,900 employees located in 133 offices in 24 countries.
NAVTEQ is a trademark in the U.S. and other countries. © 2006 NAVTEQ. 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. These 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 the Company’s Annual Report on Form 10-K for the year ended December 31, 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.
