NAVTEQ(R) Data Powers Proxix Solutions for Multinational Geocoder
CHICAGO, Aug. 7, 2006 -- NAVTEQ , a leading global provider of digital map data for location-based solutions, has been selected by Proxix Solutions, a leading provider of location intelligence solutions, as the provider of street data for Proxix's multinational geocoding and spatial analysis API, PxPoint.
PxPoint's advanced matching algorithms and ability to use multiple data sources, including NAVTEQ's street data, U.S. parcel boundaries and client Shapefiles, delivers positional accuracy. In addition, PxPoint's spatial option will allow NAVTEQ customers to understand geographic relationships. For example, with PxPoint LBS providers can rapidly identify restaurants in close proximity of a customer.
PxPoint's capabilities and advanced matching technology are ideal for NAVTEQ data customers needing to accurately locate physical addresses and analyze spatial relationships for making smarter, more profitable business decisions.
"PxPoint is another notable achievement from Proxix's GIS team and we are excited that NAVTEQ customers may license this premium geocoding technology for their location-based applications," commented Roy Kolstad, Vice President and General Manager - Business and Government Solutions, NAVTEQ. "As location-based information becomes more integral for decision support across the enterprise, the demand for accurate geocoding is critical."
"Proxix is pleased by our relationship with NAVTEQ and believes that PxPoint's multinational capabilities, all from a single API that greatly eases multinational implementations, will be a great value to NAVTEQ customers and any enterprise needing a premium location intelligence solution," said Paul Wray, President of Proxix Solutions.
About Proxix Solutions
Proxix Solutions is a location intelligence company that provides advanced geospatial software, data and Web services to help businesses make smarter decisions, understand and mitigate risks, cultivate profitable customer relationships and increase market penetration. In 2003, well-known leaders within the industry responsible for developing many geospatial industry firsts, including the first national address geocoder, founded the privately held company. Proxix is headquartered in Palm Harbor, FL with offices in Boulder, CO and Madison, WI. For more information on Proxix, visit http://www.proxix.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 1,900 employees located in 131 offices in 23 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.
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