NAVTEQ and NavInfo Open Joint Venture Office in China

NAVTEQ and NavInfo Join Forces to Offer China Navigation Map Data

CHICAGO, Oct. 15 -- NAVTEQ , a leading global provider of digital maps for navigation systems and location-based solutions, has joined forces with NavInfo, the leading provider of a navigable digital map for China, to enable the creation of world class navigation applications and location based services to meet Chinese market demand.

Working together as NAV2, the joint venture combines NavInfo's map development expertise, as the provider of China's first navigable map, and NAVTEQ's global marketing and technical map building know-how.

NavInfo has distinguished itself in both building and commercializing Chinese digital maps for navigation. NavInfo has the legal certification to develop a navigable Chinese map database for the entire country. Coupled with marketing and technical support, NavInfo has established a leadership position in the creation and delivery of commercial navigable map products.

NAVTEQ is the most widely recognized name for navigable digital maps. NAVTEQ(TM) Maps span over 40 countries on four continents. Every major automobile manufacturer that currently offers a navigation system in North America and Europe uses NAVTEQ maps in one or more of their models. This market-leading position has been achieved through the integrity of the build processes that deliver a map database of unique quality.

NAV2, located at 212 Jianjiang Road in the heart of Shanghai's business district, will combine the strengths of NavInfo and NAVTEQ to serve the needs of the growing Chinese automotive, consumer and business segments by offering a legal navigable map, developed by NavInfo, as well as support and distribution services.

Commenting at the office opening ribbon cutting ceremony held on October 15, Judson Green, President and CEO of NAVTEQ said, "The strength of NAV2 is the strong commitment that each partner brings to this relationship. Together with NavInfo's market knowledge and leadership, we plan to provide the most complete digital mapping solutions for our customers."

"NAVTEQ's marketing strength and NavInfo's digital map will undoubtedly have a powerful impact on the Chinese navigation market. Our goal is to offer the best digital map solutions to Chinese businesses and consumers. Together as NAV2, we believe we will promote the further development of the Chinese navigation market," said Dr. Sun Yuguo, President of NavInfo.

About NavInfo

NavInfo is the market leader engaged in R&D, manufacturing and managing a comprehensive, navigable map of China. NavInfo's digital Chinese map has been wildly used in automotive navigation systems, mobile devices and Internet- based location applications. As a legal company, NavInfo has a Chinese A- rating for surveying and mapping and is the first company to have obtained permission from the Chinese government to manufacture and sell a navigable Chinese map. All NavInfo map products have passed the legal map inspection and are published through legal channels.

  NavInfo is a trademark in China.  All rights reserved.

  About NAVTEQ

NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices and Internet-based mapping applications. 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 1,400 employees located in over 100 offices in 20 countries.