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TomTom Products To Be Made NAVTEQ Map Ready in Europe &

 
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MikeB
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PostPosted: Tue Jun 21, 2005 11:46 am    Post subject: TomTom Products To Be Made NAVTEQ Map Ready in Europe & Reply with quote

According to a press release from NavTeq today it would appear as if TomTom are switching their mapping data provider to NavTeq. Certainly for the TomTom Rider, but it remains to be seen when or if the rest of the TomTom product range will move across.

NavTeq Press Release wrote:
TomTom Products To Be Made NAVTEQ Map Ready in Europe and North America

New TomTom Rider to Feature NAVTEQ Maps

NAVTEQ (NYSE: NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions, has signed a license agreement with TomTom, a leading navigation solution provider, to feature NAVTEQ maps in TomTom’s new Rider product - TomTom’s first navigation product made specifically for motorcycles worldwide. The Rider product will be launched later this year.

TomTom’s selection of NAVTEQ data for the TomTom Rider product makes the integration of NAVTEQ maps of Europe, the United States and Canada possible across all TomTom navigation solutions. TomTom products will be NAVTEQ map ready following the planned release of the new TomTom Rider product.

This agreement brings together two market leaders. TomTom is well recognised for a range of portable personal navigation devices. Every automobile manufacturer that currently offers a navigation system in Europe and North American uses NAVTEQ maps in one or more of its models and the company is also a leading provider of digital maps for the mobile navigation device and location-based services industries.

"Making our products NAVTEQ map ready supports our commitment to customer satisfaction. The NAVTEQ brand is the power behind so many well-known navigation solutions. Pairing TomTom and NAVTEQ products together makes certain that our customers have an excellent experience with our navigation products," said Harold Goddijn, Chairman and Chief Executive Officer of TomTom NV.

"TomTom has grown its market share significantly over several years, particularly in Europe, as it continues to introduce new and improved portable navigation and PDA solutions. We are pleased that NAVTEQ maps will be showcased in TomTom Rider and expect NAVTEQ maps to help contribute to TomTom’s continued success with both consumer and business customers," said Judson Green, President and Chief Executive Officer of NAVTEQ.

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Mike Barrett
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Privateer
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Joined: 30/12/2002 17:36:20
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PostPosted: Tue Jun 21, 2005 12:12 pm    Post subject: Reply with quote

Hi Mike,

Thanks for the heads up, very interesting reading!

This is my own pure speculation, but I would have thought that licensing would have meant that if the press release is true, then TomTom would eventually migrate all of its products to NAVTEQ. Can you imagine the uproar from the users if the TT Rider used the NAVTEQ maps whilst the TT Go retained the Tele Atlas maps?

However, what would be the best deal, as far as end users of TomTom products are concerned, would be for TomTom to use both NAVTEQ and Tele Atlas maps so that the best map is always available to the end user!

Regards,
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Robert.
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andyjenkins
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Joined: Apr 02, 2005
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PostPosted: Tue Jun 21, 2005 4:27 pm    Post subject: Reply with quote

Privateer wrote:
Can you imagine the uproar from the users if the TT Rider used the NAVTEQ maps whilst the TT Go retained the Tele Atlas maps?


How so? Is'nt that just 6 of one, and half dozen of the other ?
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SimonCatlin
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PostPosted: Tue Jun 21, 2005 4:50 pm    Post subject: Reply with quote

I think that this maybe TomTom's start of world domination. With a link with Navteq, who have more countries in their portfilio (40 according to their website), TomTom's market expands into countries that TeleAtlas are not in. (For completeness - Teleatlas do not state the number of countries they are in, but do add that they intend to expand into another 20 this year - hopefully Ireland!)
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Tim Buxton
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PostPosted: Tue Jun 21, 2005 5:03 pm    Post subject: Reply with quote

Check this out.
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lbendlin
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PostPosted: Tue Jun 21, 2005 7:12 pm    Post subject: Reply with quote

Well, apparently TomTom has now enough money to pay for both map licenses... Similar to HSTC/Destinator and Navigon...
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peterweg
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PostPosted: Wed Jun 22, 2005 6:55 pm    Post subject: Reply with quote

Is the HSTC Destinator different from Destinator PN or does that have both maps as well? I didn't know Navigon has both Navteq and TeleAtlas , for that matter.
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