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NAVTEQ Launches Enhanced Traffic Patterns(TM)
May 19, 2008 (08:05 AM EDT)
CHICAGO, May 19 /PRNewswire-FirstCall/ -- NAVTEQ , a leading global provider of digital map data for location-based solutions and vehicle navigation, announced the availability of NAVTEQ Traffic Patterns(TM) North America v3.0, a significantly updated historic database which includes typical traffic speeds on nearly one million miles of primary and secondary roads across the United States, Puerto Rico and Canada.
NAVTEQ Traffic Patterns gives product developers and service providers a reliable, easy-to-use data set for a variety of smart-routing applications. Routing applications utilizing NAVTEQ Traffic Patterns put at drivers' fingertips the information they need to decide when and how to avoid typically congested areas. From commuters to emergency service providers, NAVTEQ Traffic Patterns enables more accurate route planning and improves trip time estimates based on likely traffic conditions.
NAVTEQ Traffic patterns is created using historical observations from GPS probe and sensor data which is aggregated, verified and then matched to traffic location codes in the NAVTEQ Map database.
Traffic Patterns v3.0 includes: -- Additional coverage for the U.S. and the inclusion of Puerto Rico and Canada -- Expanded coverage on high-volume surface roads including interconnecting highways, which provides more alternate routing options -- Additional probe source data for existing roads (contributing to more than five billion processed GPS probe points) -- A holiday traffic appendix featuring historical traffic patterns for national holidays in the U.S. and Canada
"NAVTEQ Traffic Patterns v.3.0 demonstrates up to 33% improvement in travel time accuracy when compared with typical speeds and posted speed limits on freeways and surface roadways," commented Howard Hayes, Vice President, Traffic for NAVTEQ. "For example, NAVTEQ Traffic Patterns details specific road segment speed information that can indicate daily congestion on I-94 in Chicago between 9 and 10 a.m. instead of relying on the posted speed limits. By matching the traffic data to location markers in our map and driving thousands of miles of roads to test for accuracy, NAVTEQ Traffic Patterns offers a comprehensive, high quality solution for application developers to offer more routing features for today's navigation products."
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 3,500 employees located in 174 offices and in 32 countries.
NAVTEQ and NAVTEQ Traffic Patterns(TM) are trademarks in the U.S. and other countries. All rights reserved.
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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CONTACT: Jennifer Schuh of NAVTEQ, +1-312-894-3913, firstname.lastname@example.org; or Bob Richter, +1-212-802-8588,, for NAVTEQ
Web site: http://www.navteq.com/