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DestinoGPS signs agreement with NAVTEQ

Chicago, USA – February 3, 2009 – NAVTEQ, provider of digital map data for vehicle navigation and location-based solutions, has announced that it has signed an agreement to supply NAVTEQ map data of Mexico directly to DestinoGPS, a navigation device retailer and the exclusive distributor of Mio brand PNDs in Mexico. Products are available for sale in over 1,000 retail stores in Mexico such as RadioShack, Costco, Sam’s Club, Palacio de Hierro, Telmex and others.

Mio PNDs sold by DestinoGPS utilise the latest release of NAVTEQ map data of Mexico. NAVTEQ map data of Mexico includes 2,454 cities, over 450,000 km of roads and covers the entire population. NAVTEQ’s extensive POI database containing over 59,000 listings such as restaurants, hotels, gas stations and banks is also included in addition to road network coverage.

“As the exclusive distributor of Mio PNDs in Mexico with NAVTEQ map data, we have the unique opportunity to provide consumers with access to full-future, premium Mio devices at an affordable price,” commented Gabriel Braun, CEO, DestinoGPS.

“We believe that the incorporation of NAVTEQ map data in Mio PNDS will offer consumers in Mexico an unrivaled navigation experience based on state-of-the art technology and high quality map data,“ stated Jim Dineen, director and general manager—Latin America, NAVTEQ. “As the first and only comprehensive, navigable map supplier to PNDs in Mexico, we are pleased to be the map data provider for Mio brand devices sold by DestinoGPS.” commented Gabriel Braun, CEO, DestinoGPS.