Cadillac CTS With Real-Time XM Satellite Traffic, Powered By NAVTEQ Traffic Arrives In Dealerships This Month
Cadillac CTS With Real-Time XM Satellite Traffic, Powered By NAVTEQ Traffic Arrives In Dealerships This Month
CHICAGO, Feb. 8 /PRNewswire-FirstCall/ -- Starting this month, Cadillac will begin offering XM NavTraffic; the nation's first real-time satellite traffic information service for vehicle navigation systems. First available on the CTS, the XM NavTraffic system will provide continuously-updated traffic information in a selected city. The system will come standard in cars equipped with the DVD navigation feature.
This new technology, offered exclusively by XM Satellite Radio (NASDAQ:XMSR), is fully integrated with the vehicle's on-board GPS navigation system to display current information about traffic incidents and average traffic speed along specific roadways. A driver can enter a destination into the navigation system, and then, aided by a color-coded display, obtain instant traffic data on the preferred route. The driver can:
-- See how fast traffic is moving on the route
-- See on-screen symbols that identify accidents, construction and road
congestion
-- Choose an alternate route to avoid traffic incidents and reach the
destination faster
XM NavTraffic is powered by NAVTEQ Traffic(TM), a product from NAVTEQ, the leading global provider of digital map data for vehicle navigation systems. NAVTEQ Traffic quality checks and aggregates planned and unplanned incident data from multiple sources across the country, including the leading commercial traffic data providers, government departments of transportation, police and emergency services, road sensors, cameras and airborne reports. Once received, the information is then merged with NAVTEQ maps and continuously broadcast via XM's network of satellites and ground-based repeaters, ensuring that the latest information is available to the driver.
Purchasers of a 2005 CTS equipped with an optional DVD navigation system will receive the first three months of XM Satellite Radio and the XM NavTraffic service free. Following the trial period, drivers can subscribe to XM Satellite Radio or the XM NavTraffic service for $9.99/month. Customers can subscribe to both for only $13.98/month.
Cadillac is the luxury division of General Motors Corp. (NYSE:GM) and produces vehicles such as the STS performance sedan, the XLR convertible roadster, the SRX midsize utility, and the CTS entry-level sedan. In addition to selling the popular DeVille nameplate, Cadillac also sells the popular the Escalade, Escalade ESV and Escalade EXT. More information on Cadillac and its products can be found on http://www.cadillac.com/ or http://media.gm.com/division/cadillac .
About XM Satellite Radio
XM is America's number one satellite radio service with more than 3.2 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City and Nashville at the Country Music Hall of Fame, XM's 2004 lineup includes more than 130 digital channels of choice from coast to coast: 68 one-hundred-percent commercial-free music channels, featuring hip hop to opera, classical to country, bluegrass to blues; more than 40 channels of premier sports, talk, comedy, children's and entertainment programming; and 21 channels of the most advanced traffic and weather information for major metropolitan areas nationwide. XM was named Best Radio Service at the 2004 Billboard Digital Entertainment Awards. Popular Science recently chose XM products for two prestigious "Best of What's New 2004" Awards. As the Official Satellite Radio Network for Major League Baseball and the Exclusive Satellite Radio Service for NASCAR, as well as the Official Satellite Radio Service for ACC, PAC-10 and Big-10 collegiate football and basketball, XM Satellite Radio is the industry leader in sports radio programming, offering thousands of live sporting events each year. XM also is available in Avis, National, and Alamo rental cars, and it will soon be available on JetBlue and AirTran Airways. For more information about XM, visit http://www.xmradio.com/ .
About NAVTEQ
NAVTEQ (NYSE:NVT) is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices and Internet-based mapping applications. 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 1,500 employees located in over 100 offices in 20 countries.
NAVTEQ is a trademark in the U.S. and other countries.
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 statement 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 the caption "Risk Factors" in NAVTEQ's Quarterly Report on Form 10-Q for the quarter ended June 27, 2004, 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 as a result of new information, future events or otherwise.
http://www.cadillac.com
http://media.gm.com/division/cadillac
http://www.xmradio.com
Source: NAVTEQ
CONTACT: Editorial Contacts, Laura Richey of NAVTEQ, +1-312-894-7127,
e-M: laura.richey@navteq.com , or Bob Richter for NAVTEQ, +1-212-802-8588,
e-M: bob@richtermedia.com , or Nekeidra Shegog of Cadillac Communications,
+1-313-667-8985, nekeidra.shegog@gm.com , or David Butler of XM Satellite
Radio, +1-202-380-4317, David.Butler@xmradio.com
Web site: http://www.navteq.com/
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