NAVTEQ Announces Licensing Agreement With LandSonar
biz.yahoo.com
Tuesday July 11, 8:00 am ET
Contract Names LandSonar as a Supplier for Traffic Speed Patterns
CHICAGO, July 11 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE: NVT), a leading global provider of digital map data for location-based solutions and vehicle navigation, today announced a new product licensing agreement with LandSonar(TM). LandSonar is a leading supplier of network delivered predictive traffic products.
This relationship provides NAVTEQ with rights to the LandSonar Predictive Speed (LPS(TM)) product, which offers predictions of speed with broad coverage of the US continental road network. In concert with NAVTEQ's quality map data, LPS offers the capability for more accurate route planning and improved trip time estimation.
NAVTEQ continues to provide market leadership in the development of creative traffic content that brings an increasing level of functionality to navigation products. In aggregating multiple sources of data held to strict quality standards and appropriately geo-coded, NAVTEQ successfully brings to market best-in-breed integrated map solutions.
About LandSonar
LandSonar is the leading supplier of highly-accurate, full coverage predictive traffic products used to increase routing accuracy for fleet, logistics and navigations systems. In use for end-customers, leading routing solution and LBS developers, its products give meaningful "Speed Ahead!(TM)". The company's unique data approach, patented science, and sophisticated understanding of historic traffic enable it to deliver data for bringing certainty to solutions vastly improving efficiency, shortening travel times and increasing satisfaction. Funded by select individuals and founders, LandSonar is based in San Francisco, California. For demonstrations of partners' products powered by LandSonar and more information, visit landsonar.com or email sales@landsonar.com . |
