March 5, 2007

TeleAtlas to provide BMW Maps

BMWlogo

Tele Atlas announced it has signed an agreement with the BMW Group to provide digital map data and local search content for the next generation driver information/navigation systems in BMW vehicles in the United States, Canada, Mexico, Australia, New Zealand, Singapore and Malaysia.

Under the OEM agreement, a first for Tele Atlas with BMW, select BMW vehicle navigation systems will contain Tele Atlas maps starting in 2008; additional navigation systems are expected to be powered by Tele Atlas maps starting in 2009.

“This agreement firmly substantiates Tele Atlas’ position as the accuracy and innovation leader in digital mapping, with the coverage and content that meets the needs of some of the most sophisticated in-car navigation system users in the world,” said Alain De Taeye, co-founder and CEO, Tele Atlas. “In many ways, the in-car navigation market set the standard for digital maps, and triggered many of the innovations that are now driving the personal navigation and wireless markets. We expect our work with BMW to help us bring continued innovation to all the digital map markets we serve.”

Scott Martin at Permalink | Comments (0) | social bookmarking

February 14, 2007

NAVTEQ LBS Contest Winners

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Want to know the future of Location Based Services (LBS)? Well, NAVTEQ did too, and they started up a Euro based contest open to companies who wanted to submit their application. The grand prize was €35,000 in cash and €100,000 worth of NAVTEQ Map licenses for up to one year. Missed your opportunity? NAVTEQ is wplanning a global contest with a prize pool valued up to an unprecedented €1.5 million.

My Take on the Future of LBS from this contest:

  • GPS Aided Search - connect internet search with location based services to create more targeted results for you right now where you are.
  • GPS Aided Life Tracking - Geotagging of photos is just the start, and coupling this capability with commentary and meta information capture is going to add up to more detailed virtual social interactions.

    Press Release and details on the winners after the jump...

    ArrowContinue reading: "NAVTEQ LBS Contest Winners"

    Scott Martin at Permalink | Comments (0) | social bookmarking
  • February 12, 2007

    Toyota - Maps on Demand

    Some interesting news is posted over at Engadget that I thought I would point out. Toyota is getting into on demand map data delivery, saying that they are the world's first to deliver this. I guess the Dash Express GPS that downloads map data over its own WiFi and cellular modems while on the road doesn't qualify?!?

    I think that this is important to look at because it is a potential avenue for other GPS companies to explore, on-demand mapping via internet downloads. Toyota's plan is to update your maps where it is meaningful to you, where you live and work, for instance. Updates can be delivered over your home internet connection, via your cellphone or both. Currently the plans are for Japan only. But the plan has to revamp the current "batch style" processing of data in the mapping industry.

    How is Mapping Updated Today? - After the jump...

    ArrowContinue reading: "Toyota - Maps on Demand"

    Scott Martin at Permalink | Comments (0) | social bookmarking

    NAVTEQ Earnings up 24%

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    NAVTEQ Corporation reported record revenue and operating income for the fourth quarter; revenue in the quarter rose 24% over the fourth quarter of 2005 to $180.7 million. Operating income grew 51% over the prior year to $62.8 million. Net income was up 55% over last year's fourth quarter to $42.9 million. Earnings per diluted share grew 54% to $0.45, compared to $0.29 in the prior year's quarter. Things look good for the mapmaker. With volumes surging in GPS units, it's not a surprise that things are surging in the mapmaking area too. Concern going forward would be margin pressure as more and more value GPS units come out and push the suppliers to lower their margins. I recently learned that in a typical GPS unit, map data can cost upwards to $50 for the initial license. That's a big chunk out of a $200 retail priced GPS.

    ArrowContinue reading: "NAVTEQ Earnings up 24%"

    Scott Martin at Permalink | Comments (0) | social bookmarking

    January 31, 2007

    NAVTEQ Reaches New Milestone in Western Europe

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    NAVTEQ announces a big milestone in Western Europe, as they have achieved "100% Detailed coverage" which to them means detailed coverage and verification of all roads in the road network. I have to say that this must be no small task; having driven some of the roads over there, I thought the cow paths around New England were confusing.... wow, there are some decent knots to work out in mapping Western European roads that may have been around for several hundred years. I would imagine with all of the activity in Western Europe for them, that they are stepping up the battle for European contracts vs. TeleAtlas.

    “Customers tell us that map accuracy is the most important criteria when selecting map data,” stated Mary Hardwick, Vice President of Product Management for NAVTEQ. “And complete Detailed Coverage represents the highest real-world accuracy available from NAVTEQ. Additionally, developing the database to a single data specification across all Western Europe countries affords our customers the efficiency to provide pan-regional solutions.”

    Press release follows...

    ArrowContinue reading: "NAVTEQ Reaches New Milestone in Western Europe"

    Scott Martin at Permalink | Comments (0) | social bookmarking

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