NAVTEQ Secures All NAVIGON Off and Onboard Business for Three Years


CHICAGO, June 9 /PRNewswire/ --

- Three year contract and preferred supplier status awarded

NAVTEQ (NYSE: NVT), a leading global provider of digital maps for vehicle
navigation and location-based solutions, has reached a three year agreement
for Europe to provide NAVIGON with maps as a preferred supplier. The
agreement covers onboard navigation across all NAVIGON's PNDs plus software
products for other PND brands and mobile phone customers worldwide. This is
in addition to a recent contract to supply mapping products for NAVIGON's off
board business.

It is the most comprehensive contract NAVIGON has awarded NAVTEQ in the
companies' six year relationship and is a logical progression following many
joint global successes across different business sectors. The most recent
illustration of this successful collaboration is NAVIGON's FreshMaps
initiative, which highlights the company's strong wish to develop the map
aspect of its business. With FreshMaps, NAVIGON customers will be able to get
NAVTEQ maps updated every three months.

The intention of this agreement is that the two companies will work
together over the coming years on both a series of new products as well as a
variety of initiatives involving NAVTEQ products and services.

"While we had an established and successful track record with NAVTEQ, we
took an objective approach to this contract," explained Jorn Watzke, Vice
President Product Line Management. "After exhaustive analysis, we selected
NAVTEQ for the quality of data, value of offering and ability to
strategically collaborate with NAVIGON to help us achieve our objectives and
significantly grow our global PND and wireless business."

"As NAVIGON is one of the world's leading innovators of high-quality
navigation, we are very pleased with the three year agreement. Given
NAVIGON's focus on introducing new content and capabilities, NAVTEQ is well
placed to provide support," said Jeff Mize, Executive Vice President, NAVTEQ
Global Sales. "We introduced over thirty new content features in 2007 alone
and will be supporting our customers in bringing a variety of additional
features to the market in the future."

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 more than 3,600 employees located in 187 offices and in 39 
countries.

NAVTEQ is a trademark in the U.S. and other countries. All rights
reserved.

About NAVIGON

NAVIGON AG is one of the world's leading innovator of high-quality
navigation devices standing for outstanding technology in attractive lines.
Besides the company offers GPS software solutions for well-known electronic
brands as well as automotive components for driver assistance systems.
Founded in 1991, NAVIGON employs a total staff of more than 400, and is
represented by its own offices in Asia, Europe and North America. -- NAVIGON.
And the world is yours.

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. The 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 each of the Company's most recent Annual and Quarterly Reports
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.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO)

Web site: http://www.navteq.com

© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.