USPS is responsible for the delivery of mail throughout the United States and plans to deploy and utilize this software nationwide to create more efficient and safe delivery routes. The NAVTEQ(R) map includes in-depth coverage for urban and rural areas together with comprehensive, field verified routing attributes. The RouteSmart optimization algorithms take advantage of the NAVTEQ attributes to accurately optimize delivery route data and to calculate and provide optimized travel directions.
The RouteSmart algorithms embedded in COR and the highly accurate and detailed map data from NAVTEQ will allow the USPS to optimize its delivery resources and to make route adjustments when necessary. NAVTEQ employs one of the industry's most comprehensive map development and quality control programs for the highest levels of excellence and precision.
"The NAVTEQ map is critical to our ability to deliver quality solutions that meet the complex precision routing needs of our customers," states Larry Levy, Vice President, RouteSmart. "The success of this project for the United States Postal Service points to the continued success of our collaboration."
"RouteSmart's solution takes full advantage of NAVTEQ data to deliver high quality results," says Roy Kolstad, Vice President and General Manager - Business and Government Solutions, NAVTEQ. "We have a strategic relationship with RouteSmart and are excited about our collaboration on this important project for the United States Postal Service."
About RouteSmart
RouteSmart Technologies is recognized as a world leader in the field of route optimization software solutions for the newspaper, postal, public works, and utility industries. A wholly-owned subsidiary of The Bowne AE&T Group ( http://www.bownegroup.com ) -- a Mineola, NY based engineering and information technology firm with over 100 years of experience -- RouteSmart Technologies is based in Columbia, MD, and has over 20 years experience serving clients within these industry segments. Current clients include the United States Postal Service, FedEx Home Delivery, Republic Services Group, and nearly 100 municipalities around the world who use the RouteSmart product to solve diverse, high-density residential routing problems. RouteSmart Technologies' clients save hundreds of thousands of dollars annually by using RouteSmart software in their operations.
About NAVTEQ
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 2,100 employees located in 139 offices in 25 countries.
NAVTEQ is a trademark 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 "Item 1A. Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2005, and "Item 1A. Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter ended July 2, 2006, in each case as 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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