NAVTEQ(R) Maps Power New Averatec Voya(TM) 350 Portable Navigation Device
CHICAGO, Aug. 7, 2006 -- NAVTEQ , a leading global provider of digital maps for vehicle navigation and location-based solutions, and Averatec Inc., a supplier of mobile technology products announced today that the recently launched Voya 350 Personal Navigation Device (PND) is powered by NAVTEQ digital maps.
The Voya 350 marks Averatec's first entry into the fast growing handheld navigation market. The Averatec PND combines information from a GPS satellite receiver, software application and NAVTEQ digital maps to route to a given destination. NAVTEQ maps for the US and Canada come pre-loaded on the handheld Voya 350, allowing the user to input an address or choose from more than 1.6 million pre-set points of interest including restaurants, hospitals, shopping centers and leisure facilities.
The NAVTEQ database includes detailed road networks as well as points of interest data. NAVTEQ employs one of the industry's most comprehensive development and quality control programs for the highest levels of quality and precision. Executed by an extensive team of over 550 field researchers, the NAVTEQ database includes detailed attributes from turn restrictions and relative road crossing heights to road segment access restrictions, one-way streets and speed categories that help optimize routing.
"Averatec chose NAVTEQ to align with the industry leader in digital mapping data. To compete in the PND market, Averatec knew it needed to use the best map data available and NAVTEQ provides that," commented Saeed Shahbazi, president of Averatec. "NAVTEQ also offers extended support services that have exceeded our expectations."
"Averatec's track record is a strong indicator and we are confident that this product will bring them continued success," commented Winston Guillory, Senior Vice President - Consumer & Business. "This is an exciting and rapidly growing period in consumer electronics and NAVTEQ is pleased to be powering yet another quality solution."
The Voya 350 is available now at multiple online locations, including shopaveratec.com, compusa.com, buy.com, PC Connection and others.
About Averatec
Based in Orange County, California, Averatec, Inc. ( http://www.averatec.com/ ) is a leading provider of innovative mobile computing solutions and is dedicated to delivering the highest quality consumer electronics products backed by superior service. Averatec has been recognized with numerous editorial awards for its high-value product lines. Its products reach all market segments, including corporate, small business, education and home, and are sold through major national retailers and online retail partners, as well as direct through http://www.shopaveratec.com/ . For more information about Averatec, please visit http://www.averatec.com/ .
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 2,000 employees located in 133 offices in 24 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 "Item 1A. Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 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.
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