NAVTEQ Provides Real-Time Traffic Data for Groundbreaking Broadcaster Traffic Consortium

NAVTEQ Provides Real-Time Traffic Data for Groundbreaking Broadcaster Traffic Consortium

Leading radio broadcasters work with NAVTEQ to provide industry-leading content via HD Radio(R) technology

CHICAGO, April 14 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE:NVT) , a leading global provider of digital map data for location-based solutions and vehicle navigation, is working with the Broadcaster Traffic Consortium, LLC (BTC) as the provider of real-time traffic and other location-based information for portable navigation devices and automobile in-dash systems via HD Radio technology.

For many years, NAVTEQ has worked closely with leading radio groups to implement new technologies and create innovative business models. NAVTEQ technology, traffic services and location content offers the BTC a complete suite of offerings to deliver relevant local information for broad distribution. The high bandwidth capacity of HD technology allows NAVTEQ and the BTC to deliver high-quality, up-to-the-minute information including traffic flow and points of interest to consumers when and where they need it most.

The BTC is a recent venture of eight leading radio companies. Founding members of BTC are Beasley Broadcast Group, Bonneville International Corporation, Cox Radio, Inc., Emmis Communications Corp., Entercom Communications Corp, Greater Media, NPR and Radio One. The growing membership base contributes to BTC's burgeoning national footprint and includes such additional prominent organizations as Lincoln Financial Media. NAVTEQ enables the BTC to reach across the Location Based Services (LBS) industry value chain encompassing world class application service providers, original equipment manufacturers and automakers to expand the penetration of HD-enabled consumer devices and dashboard receivers.

"NAVTEQ's location content offers the valuable information needed to broaden the acceptance of the HD Radio platform," said Christopher Rothey, Vice President, Connected Markets for NAVTEQ. "With the BTC and its scalable and reliable HD network, we are working to reinvigorate the radio industry with expanding geographic coverage, innovative business models and dynamic local content."

"BTC represents a considerable commitment to innovation by all the participants," said Paul Brenner, Administrative Agent for the consortium and VP of Integrated Technology for Emmis. "The industry leadership provided by NAVTEQ furthers our purpose to accelerate consumer HD receiver penetration and create new revenue. By leveraging our strengths-low-cost distribution, localized content and digital capacity-we are re-establishing this industry as an innovative means of engaging consumers."

With NAVTEQ content and free, over-the-air systems, the BTC enables Broadcasters' ability to monetize HD bandwidth by providing a one-stop shop for a low-cost nationwide data distribution channel.

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 more than 3,300 employees located in 174 offices and in 32 countries.

   NAVTEQ is a trademark in the U.S. and other countries. All rights reserved.    About Broadcaster Traffic Consortium  

The Broadcaster Traffic Consortium, LLC is a company formed by radio companies to build a nationwide terrestrial broadcasting network to distribute local traffic and other map-related data via radio technology. Founding Members are Beasley Broadcast Group, Bonneville International Corporation, Cox Radio, Inc., Emmis Communications Corp, Entercom Communications Corp., Greater Media, NPR and Radio One.

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.

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Source: NAVTEQ

CONTACT: Jennifer Schuh of NAVTEQ, +1-312-894-3913,
jennifer.schuh@navteq.com; or Bob Richter, +1-212-802-8588,
bob@richtermedia.com, for NAVTEQ

Web site: http://www.navteq.com/

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Profile: International Entertainment