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Navteq, a leading global provider of digital map data for vehicle navigation
and location-based solutions, Now Offers Full Coverage Maps for all Four Nordic
Countries
CHICAGO, Nov. 8 - NAVTEQ (NYSE: NVT - News), a leading global provider of digital
map data for vehicle navigation and location-based solutions, now has full map
coverage of Finland's road network.* This means the company now includes all four
Nordic countries in its NAVTEQ database. Denmark and Sweden were the first to
receive full coverage followed by Norway last year.
Now reaching virtually 100% of the population, the Finnish database includes
614,177 kilometers of road covering 304,541 square kilometers of territory and
451 towns and cities. The road network of rural counties and provinces have been
added to ensure that drivers can now use navigation systems for turn-by-turn routing
instructions to and from addresses all over the country.
"Launching our full coverage map of Finland and simultaneously meeting the company's
planned objective of offering full coverage throughout the Nordic region are two
substantial achievements for NAVTEQ. This increased coverage is a key element
in our plans to produce maps which will support routing throughout Western and
Eastern Europe," explained John MacLeod, Executive Vice President - Global Marketing
& Strategy.
But NAVTEQ data is much more than a map. It offers precise geometry and extraordinary
detail about the environment as seen through the eyes of the driver. Each road
segment features up to 160 attributes -- street names, address ranges, turn restrictions
-- enabling navigation systems to help people get from A to B. There are over
one million entries in 46 Points of Interest (POIs) categories covering everything
from hotels to petrol stations and airports to sports facilities.
For example, coverage of the Nordics includes thousands of restaurants and hotels
and hundreds of golf courses; plus the international ferry routes between the
Nordic countries along with connections to the United Kingdom and Germany.
The creation and development of the database is a mammoth, global task handled
by individuals at a local level. "We have around 575 geographic researchers --
all using the same proprietary software and managing their own geographic areas
-- handling the entire process from start to finish," added John MacLeod. "This
means consistency and continuity are guaranteed -- and the update process is quicker.
Constantly driving the roads of the world, the researchers travel millions of
kilometers every year creating, updating and inputting every detail into the database."
Due to the highly complex process involved in compiling and integrating NAVTEQ
maps into navigation systems and location-based solutions, it may take up to one
year for consumers to have access to these new maps for their navigation solutions.
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 1,500 employees located in over 100 offices in 20 countries.
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