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NAVTEQ Continues Rapid Coverage Expansion of Eastern Europe
Written by NAVTEQ
Tuesday, 19 July 2005
CHICAGO, July 18 -- NAVTEQ (NYSE:NVT) , a leading global provider of digital map data for vehicle navigation and location-based solutions, has released its first map of Bulgaria's road network
. The map is available to NAVTEQ's direct customers with the Q2 2005 version of the NAVTEQ database and all subsequent releases.
To create a digital map of Bulgaria's major roads, NAVTEQ's field researchers recorded some 5,300 kilometers of motorway and main connector roads. The new Bulgarian map database now connects Bulgaria's 29 major cities with 25,000 inhabitants or more including its capital Sofia, Burgas, Pleven, Ruse, Sliven, Stara, Zagora, Varna and Veliko Tarnovo.
Over 500 points of interest (POI) in a wide variety of categories give digital map data users important location information. For example, the database contains information on petrol stations, service areas, car parks, border crossings, international airports, historic monuments, national parks, hotels and restaurants. In addition, 26 POIs of national importance, like the country's famous cloister Rilskijat Manastir, have been included.
As part of NAVTEQ's aggressive digital mapping effort targeting the Eastern European road network, NAVTEQ already supplies map material for the following countries: Estonia, Croatia, Latvia, Lithuania, Poland, Russia, Slovakia, Slovenia, Czech Republic, Greece and Hungary.
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 Registration Statement on Form S-3 (Registration No. 333- 123628), as amended, 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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