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DECEMBER 2007 Agreement helps Canadian wireless developers improve speed to market NAVTEQ (NYSE: NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions (LBS), announced today a signed agreement with wavefront-a new not-for-profit organization in British Columbia that provides test and commercialization services to developers of mobile applications-in which NAVTEQ, along with a select group of leaders in the wireless telecommunications industry, will become a founding member of wavefront. "We are very pleased to have NAVTEQ, an acknowledged leader in the provision of premium-quality digital map data, join as a founding member of wavefront," said James Maynard, president, wavefront. "This collaboration will provide British Columbia's rapidly growing LBS developer community with the tools and expert advice they need to develop compelling mobile navigation and location-based services for the marketplace." The British Columbia (BC) provincial government has shown its strong support of the wireless industry through its recent funding of $5 million to help wavefront with startup and operational costs, including BC's first wireless technology centre. Working together with its established organizations, wavefront provides the wireless developer community with neutral, independent test services and the market knowledge to enable rapid commercialization. The recent agreement between wavefront and NAVTEQ will provide wireless developers with access to such premium resources as NAVTEQ® map data and the NAVTEQ Network for Developers™ (NN4D), a dynamic online web portal that provides developers and business partners with the technical and business support needed to build, showcase and launch the most innovative location-enabled solutions. "wavefront will help enable a great number of wireless developers to meet the rigorous requirements of national and international mobile operators in a cost-effective manner," commented Winston Guillory, senior vice president, consumer and enterprise, NAVTEQ. "As a founding member of wavefront, NAVTEQ is continuing its ongoing commitment to helping the developer community build and launch the next generation of location-enabled applications." For more information on NAVTEQ Network for Developers, visit www.NN4D.com.
About Wavefront
About NAVTEQ Network for Developers
About NAVTEQ NAVTEQ is a trademark in the U.S. and other countries. © 2007 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. 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. For more information, send e-mail to jennifer.schuh@navteq.com. |
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NOVEMBER 2007 wavefront™ to Provide Services to Catalyze Wireless Developer Marketplace The government of the province of British Columbia has shown its strong support of the wireless industry in BC through its recent funding of wavefront. The Ministry of Advanced Education has provided $5 million in funding to help wavefront with startup and operational costs. wavefront will provide testing and commercialization services to the wireless developer community. wavefront (recently renamed from WINLAB) began as an initiative of the Wireless Innovation Network of BC (WINBC), with endorsement from the BC Premier's Technology Council. wavefront is the commercialization bridge between the wireless developer community and the mobile operators, government and large enterprises that are deploying new wireless products and services. In collaboration with a number of technology and other partners, wavefront provides this community with neutral, independent test services and the market knowledge to enable rapid commercialization of their products. "We are extremely pleased at the support that wavefront has received from government, private sector partners and sponsors. Very soon, we will begin offering product test and commercialization support services to BC's world class wireless community and to other industries that rely on wireless technologies to drive their businesses forward," said Caroline Lewko, Founding Chair of wavefront. Jim Maynard, wavefront's President, noted: "wavefront is all about closing the gap between the domestic and international wireless markets, and BC's strong wireless and new media developer communities." |
