NAVTEQ (NYSE: NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions, announced the North American semi-finalists for the NAVTEQ Global LBS Challenge(TM). The Challenge is a program encouraging application developers from around the world to build innovative location-based service (LBS) applications that work with portable devices using dynamic positioning technology and NAVTEQ(R) maps.
Over 140 companies registered LBS applications, with 14 semi-finalists now advancing to final judging, which will be conducted on April 6 at CTIA Wireless in Las Vegas. The semi-finalists represent a broad spectrum of wireless applications in four categories: Navigation, Business Applications, Entertainment and Leisure, and Social Networking. Semi-finalists were selected based on each competitor's commercial feasibility, functionality and design.
Executives from wireless carriers, hardware and device manufacturers, industry analysts and venture capital firms in the wireless industry will select the 2006 North America grand prize winner from the pool of semi-finalists. NAVTEQ will name one winner per solution category, presenting each with $10,000 cash and $75,000 in NAVTEQ data licenses for up to one year. Of the category winners, one will be designated the Grand Prize Winner, and receive $50,000 cash and $100,000 in NAVTEQ map data licenses for up to one year (in lieu of the category prize).
The following companies and their respective LBS applications will advance to the final official judging at CTIA in April (listed by category):
2006 GLOBAL LBS CHALLENGE SEMI-FINALISTS
Company: Intelligent Spatial Technologies
Application: The iPointer device associates coordinates received from a GPS device with a built-in magnetic compass to identify an unknown landmark.
Company: Skyhook Wireless
Application: A browser toolbar/plug-in, called Loki, that allows WiFi users to identify their current location and incorporate it into their Internet browsing session.
Application: TCS Places is a location-enabled white-label application for maps, directions and points of interest. TCS Places extends the reach of leading consumer-brands to mobile consumers by combining branded content with easy-to-use mobile functionality.
Company: Route 66
Application: An onboard cell phone navigation product that provides turn-by-turn driving, biking or walking directions.
Business Applications Category
Application: A fully-featured location-based enterprise solution that allows users to create their own LBS content and share it with other users.
Application: An application that allows vendors to deliver coupons, advertise and send special discount offers to a consumer's GPS-enabled mobile device.
Company: Clarity Communications
Application: Where2Talk(TM) is a location-enabled Push-To-Talk (LEPTT) application that combines the communication immediacy and group call capabilities of PTT with location information to create a truly unique service of particular value to enterprises (using handsets or a desktop interface).
Company: e-Pro Realty
Application: A real estate LBS solution helping buyers and/or real estate agents find properties for sale using live data.
Entertainment & Leisure Category
Company: Loc-AID Technologies, Inc.
Application: LOC-AID(R) Treasure is a location-based treasure hunt game played on a mobile phone.
Company: Cutlass Inc.
Application: A gaming application allowing players to engage in cell phone-based messaging of proximity clues on where to locate a "host hideout".
Application: Jewel Chaser(R), a 3D LBS game, puts players in the role of detective, deciphering clues and navigating their way through the realworld in order to capture runaway thieves.
Social Networking Category
Application: Mobile Pooch allows users to adopt and customize a virtual pet to share interactive games, buddy lists, and virtual experiences with friends and family.
Application: Socialight is a platform for organizing and distributing location-based content, allowing personal and professional producers to publish location-based messages containing images, text and sound.
Application: An application that provides mobile proximity-based social networking, business intelligence and job seeker tools for the smart professional.
NAVTEQ Global LBS Challenge Awards Ceremony
April 6, 2006 at 3 pm
Rooms N258-260, Las Vegas Convention Center
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 and Global LBS Challenge are trademarks 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 the caption "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter ended June 26, 2005, as filed with the Securities and Exchange Commission.
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