Navteq and Garmin Ink Long-Term Pact

Nov 26, 2007 (NORDIC BUSINESS REPORT via COMTEX) -- GRMN | charts | news | PowerRating -- Navteq, a provider of digital maps for vehicle navigation and location-based solutions, and Garmin announced the completion of a long-term agreement that provides Garmin access to Navteq map data through 2015 with an option to continue through 2019.

The agreement is an extension of Navteq and Garmin's current working relationship which began in 1999. The new agreement provides Garmin access to all of Navteq's map data globally (currently available in 69 countries).

"This agreement represents our commitment to meeting Garmin's long term needs for premium map content. We are pleased to support Garmin's category leadership with the strengthening of our relationship," said Judson Green, President & CEO, Navteq.

"Navteq's comprehensive map data allows Garmin to deliver the highest quality navigation experience to our customers. Working together, we will continue to expand our application capabilities through enhanced content delivery," said Min Kao, CEO, Garmin Ltd.

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