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Technology Stocks : NVT - Source of GPS Software, Data, and Maps
NVT 112.46+2.6%Nov 5 3:59 PM EST

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From: JakeStraw8/7/2006 12:04:22 PM
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NAVTEQ(R) Data Powers Proxix Solutions for Multinational Geocoder
biz.yahoo.com
Monday August 7, 11:58 am ET

CHICAGO, Aug. 7 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE: NVT), a leading global provider of digital map data for location-based solutions, has been selected by Proxix Solutions, a leading provider of location intelligence solutions, as the provider of street data for Proxix's multinational geocoding and spatial analysis API, PxPoint.

PxPoint's advanced matching algorithms and ability to use multiple data sources, including NAVTEQ's street data, U.S. parcel boundaries and client Shapefiles, delivers positional accuracy. In addition, PxPoint's spatial option will allow NAVTEQ customers to understand geographic relationships. For example, with PxPoint LBS providers can rapidly identify restaurants in close proximity of a customer.

PxPoint's capabilities and advanced matching technology are ideal for NAVTEQ data customers needing to accurately locate physical addresses and analyze spatial relationships for making smarter, more profitable business decisions.

"PxPoint is another notable achievement from Proxix's GIS team and we are excited that NAVTEQ customers may license this premium geocoding technology for their location-based applications," commented Roy Kolstad, Vice President and General Manager - Business and Government Solutions, NAVTEQ. "As location-based information becomes more integral for decision support across the enterprise, the demand for accurate geocoding is critical."

"Proxix is pleased by our relationship with NAVTEQ and believes that PxPoint's multinational capabilities, all from a single API that greatly eases multinational implementations, will be a great value to NAVTEQ customers and any enterprise needing a premium location intelligence solution," said Paul Wray, President of Proxix Solutions.
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