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  4th ANNUAL NAVTEQ GLOBAL LBS CHALLENGE, SPONSORED BY NOKIA, PREVIEW SESSION AT CTIA [Partner Release]
  

  LBS Challenge Preview at CTIA Wireless IT & Entertainment, September 13, 2006, 11:15am - LA Convention Center, Hall G
 
Chicago, IL - September 12, 2006 -- NAVTEQ (NYSE: NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions, will be hosting a preview session of the 4th Annual NAVTEQ Global LBS Challenge™ at CTIA Wireless IT & Entertainment at the Los Angeles Convention Center on September 13, 2006 at 11:15am. Immediately following CTIA's keynote session, NAVTEQ will present an hour-long program that includes an overview of the LBS Challenge and a panel discussion from previous winners and official judges.

The NAVTEQ Global LBS Challenge is open to application developers from around the world to build innovative location-based services (LBS) that work with mobile phones and wireless handheld devices using dynamic positioning technology and NAVTEQ® maps. The LBS Challenge has expanded to include:
  • Presenting winning developers with an increased prize pool of over $2MM in cash and prizes including data licensing fees from NAVTEQ and LBS Challenge sponsors;
  • Expanding an already elite panel of judges comprised of representatives from major wireless carriers, industry experts, and venture capitalists including Verizon Wireless, Sprint, Cingular, Helio, i-Hatch Ventures, Bain Capital, T-Mobile, Telus, Nokia, Motorola, MK Capital, and Openwave Systems;
  • Offering new NAVTEQ content specifically tailored to the demands of the wireless market. LBS Challenge contestants will be given complimentary access to NAVTEQ's newly launched NAVTEQ Traffic Mobile, NAVTEQ City Guide, and NAVTEQ Traffic Patterns.
For the second year, Nokia is joining NAVTEQ as the Global Sponsor of the LBS Challenge. The LBS Challenge has also brought together a rich mix of industry resources participating as platinum sponsors including: Autodesk, deCarta, ESRI, KnowledgeWhere, Motorola, Networks in Motion, and Openwave Systems. LOC-AID, SiRF Technology and WIN/BC are participating as gold and media sponsors.

"The NAVTEQ Global LBS Challenge is a proven catalyst for the growth and development of next generation LBS applications" commented Winston Guillory, Senior Vice President - Global Consumer and Enterprise, NAVTEQ. "We are exceedingly pleased with the way our sponsors have responded to this year's LBS Challenge by collectively increasing their prize contributions to more than $2MM in cash and data licenses. This is further recognition of the extraordinary opportunities that exist within the growing LBS industry."

"Nokia has an ongoing commitment to the developer community and wireless industry which aligns with the objectives of the NAVTEQ Global LBS Challenge, to encourage the proliferation of more innovative LBS applications for the wireless space," commented Nasser Iravani, Director, Forum Nokia Americas. "Nokia is proud to support the hard work and dedication of so many individuals and companies developing new and innovative applications."

The Global LBS Challenge offers developers four solution categories in which to submit applications. These categories include:
  • Business Applications (Asset Tracking / Field Services / Billing / Buying / Advertising)
  • Entertainment and Leisure (Gaming / Location-based Imaging / Athletics / Travel)
  • Navigation (POI Look-up / Traffic)
  • Social Networking (Peer to Peer / Find Me / Personal Security)
Global registration for the Global LBS Challenge is currently open and will close at midnight CT on November 10, 2006. All LBS Challenge solution entries for the Americas Region must be submitted on or before midnight CT on January 5, 2007 and received by midnight CT on January 12, 2007. The winners - for each of the four solution categories as well as one grand-prize winner - will be announced in Europe at the 3GSM World Congress in Barcelona, Spain on February 14, 2007, and in North America at the 2006 CTIA Wireless in Orlando, FL on March 28, 2007.

For further information on the Global LBS Challenge, please visit www.lbschallenge.com.

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 2,000 employees located in 139 offices in 25 countries.

 
NAVTEQ is a trademark in the U.S. and other countries. © 2006 NAVTEQ. All rights reserved

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.

Editorial Contacts:
Kellie Bourdage
NAVTEQ
Tel: 312-894-7479
e-M: kellie.bourdage@navteq.com 		 



 
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