NAVTEQ Maps to Power Garmin GPS Application for Mobile Phone Users

Monitor this Company



     Garmin Mobile(TM) to Supply GPS Navigation to Cell Phones

    CHICAGO, Sept. 22 - NAVTEQ (NYSE: NVT), a leading global provider of digital maps for vehicle navigation and location-based solutions, expands its relationship with Garmin International, Inc. as the digital map provider for Garmin Mobile(TM), its newest GPS-navigation application for mobile phone users. Garmin Mobile, a new application that leverages Garmin's expertise in portable automotive navigation, delivers maps, directions, and automatic turn-by-turn routing to wireless phones. The application is Garmin's first product offering that targets the emerging location-based services market, and is currently offered by Sprint on select Sprint PCS handsets.

    The Garmin Mobile application is a server-based navigation application that visually depicts and constantly updates the user's position on a detailed moving map. The application also has the ability to:

     -- Calculate the fastest route to the destination, and provide spoken

     turn-by-turn directions while the customer is on the Nationwide Sprint

     PCS Network

     -- Audibly announce the name of upcoming streets with its text-to-speech

     function

     -- Recalculate the quickest way to get back on track, should a user

     navigate incorrectly

     -- Navigate to an address anywhere in the United States and Puerto Rico,

     or search millions of points of interest, like hotels, restaurants or

     businesses, and dial their phone numbers automatically -- for

     reservations, hours of operation, or other information

     -- Manage destinations and personal locations online by accessing the

     Garmin Mobile Manager website ( http://mobile.garmin.com )

    The broad coverage and high level of accuracy of the NAVTEQ(R) map data enables the Garmin Mobile application to route users door to door throughout the United States and Puerto Rico. NAVTEQ's proprietary data collection process involves driving the roads to capture the reality of the roadway including attributes such as access restrictions, one-way streets and speed categories that help optimize navigation. Additionally, the NAVTEQ database includes Points of Interest (POI) in approximately 50 different categories including restaurants, gas stations, hotels and banks, which allows users to transition seamlessly from routing to accessing information relative to what is around them.

    "Garmin consistently provides both high quality and excellence in its products and is recognized as a leader in navigation," said Winston Guillory, senior vice president, North American Sales for NAVTEQ. "NAVTEQ is pleased to be a part of Garmin's growing portfolio of navigation products."

    "Garmin Mobile exposes an entirely new group of consumers to turn-by-turn navigation," said Gary Kelley, Garmin's vice president of marketing. "As the mobile market adopts location-based services, it is important that the experience be consistently reliable and accurate. NAVTEQ plays a vital role in achieving this goal."

    Garmin Mobile is available on a number of Sprint PCS handsets, including select Sprint PCS multimedia phones. Current Sprint PCS Vision subscribers using these models can download the Garmin Mobile application to their phone from Sprint PCS Vision and can subscribe to Garmin Mobile service today for $9.99 per month. For more information on Garmin Mobile, visit http://mobile.garmin.com .

    About Garmin

    Garmin International Inc. is a member of the Garmin Ltd. (Nasdaq: GRMN) group of companies, which designs and manufactures navigation, communication and information devices -- most of which are enabled by GPS technology. Garmin is a leader in the general aviation and consumer GPS markets and its products serve aviation, marine, outdoor recreation, automotive, wireless 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 and StreetPilot are registered trademarks, and Garmin Mobile is a trademark of Garmin Ltd. or its subsidiaries. Anticipated product and service availability dates are based on management's current expectations and are not guaranteed.

    All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

    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. 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 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.
Monitor this Company :
You will receive an email alert whenever there is a news item concerning this company.
Name Your Company
Email Address Position/Role


2001 - 2016 Lexdon Business Library
About TrustBase
Privacy Policy