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Article: GARMIN LTD. EXTENDS AGREEMENT WITH NAVTEQ.
- Article from:
- AsiaPulse News
- Article date:
- November 19, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(Full text of statement. Contact details below.)
MEDIA RELEASE PR28367
Garmin(R) Ltd. Extends Agreement With NAVTEQ(R)
CAYMAN ISLANDS, Nov. 16 /PRNewswire-AsiaNet/ --
Garmin Ltd. does not intend to pursue its offer for Tele Atlas
Garmin Ltd. (Nasdaq: GRMN) announced today that its subsidiaries, Garmin International Inc and Garmin Corporation, have signed a six-year extension to their agreement with NAVTEQ, a leading provider of digital map data for location based solutions and vehicle navigation. The agreement allows Garmin to continue using NAVTEQ data through 2015, with an option to renew for an additional four-year period. ...