NAVTEQ Tapped by Panasonic to Power its First U.S. Mobile Navigation System

NAVTEQ Tapped by Panasonic to Power its First U.S. Mobile Navigation System

Strada CN-NVD905U offers NAVTEQ Traffic through SIRIUS Satellite Radio

CHICAGO, June 25 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE:NVT), a leading global provider of digital map data for location-based solutions and vehicle navigation, today announced that it has been selected to provide Panasonic, a leading manufacturer of consumer electronics, with NAVTEQ(R) digital map data for the United States, Canada and Puerto Rico for the recently launched Panasonic Strada CN-NVD905U. The navigation system will also feature SIRIUS Traffic available through SIRIUS Satellite Radio.

The Strada CN-NVD905U is Panasonic's first foray into the aftermarket automotive navigation space in North America. The hard drive based in-dash system features a seven-inch, color touch panel LCD monitor with an intuitive interface and customizable destination menu providing for ease in route planning and destination searches. Turn-by-turn voice guidance complements visual cues to heighten the user's experience. In addition, each Strada CN-NVD905U comes loaded with the latest safety and entertainment features, including Bluetooth(R) capabilities for hands-free cell phone conversation, iPod(R) Video, satellite radio integration options and SRS Circle Surround Automotive technology for outstanding audio performance.

"With Strada, Panasonic is launching into a new category in which we are able to reach a growing segment of North American consumers looking to incorporate navigation into their vehicles," commented Rob Lopez, National Marketing Manager for Panasonic's Mobile Electronics Division. "Since routing is the cornerstone of our new system, we looked to NAVTEQ for its expert digital map data and cutting-edge traffic product."

To enhance the driving experience, the Strada CN-NVD905U receives live traffic information from SIRIUS Traffic, which uses NAVTEQ Traffic data. Users who choose to subscribe can receive continuously updated traffic information in 50 markets across the U.S. and Canada. Visual notification of incidents and congestion allows drivers to see potential traffic delays and avoid traffic problems.

"The feature-rich, high-performance Strada system, coupled with SIRIUS Traffic, will provide end-users with the flexibility and options needed to personalize any trip." said Larry Pesce, Senior Vice President of SIRIUS Advanced Services, SIRIUS Satellite Radio.

In addition, every Strada CN-NVD905U comes pre-loaded with NAVTEQ's rich and high-quality digital map data for the U.S., Canada and Puerto Rico. Users also have access to NAVTEQ's comprehensive Points of Interest (POI) database, which includes over 12 million POIs, including restaurants, hotels, airports, gas stations, ATMs and other destinations across the U.S. and Canada.

"Panasonic is offering a compelling new product for consumers looking for a premium, aftermarket in-dash system," said Dean VonBank, Vice President, North America Vehicle Sales, NAVTEQ. "Strada has had tremendous success in Japan, and NAVTEQ looks forward to supporting Panasonic as it brings its mobile navigation expertise to North America."

The Strada CN-NVD905U retails at $1,799.95, and can be purchased at key retailers nationwide. More information about the product is available at http://www.panasonic.com/strada.

About Panasonic

Based in Secaucus, N.J., Panasonic Consumer Electronics Company is a division of Panasonic Corporation of North America, the principal North American subsidiary of Matsushita Electric Industrial Co. Ltd. (NYSE:MC) and the hub of Panasonic's U.S. marketing, sales, service and R&D operations. Information about Panasonic and its products is available at http://www.panasonic.com/. Additional company information for journalists is available at http://www.panasonic.com/pressroom.

About SIRIUS

SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR, NBA and NHL, and broadcasts live play-by-play games of the NFL, NBA and NHL, as well as live NASCAR races. All SIRIUS programming is available for a monthly subscription fee of only $12.95.

SIRIUS Internet Radio (SIR) is a CD-quality, Internet-only version of the SIRIUS radio service, without the use of a radio, for the monthly subscription fee of $12.95. SIR delivers more than 75 channels of talk, entertainment, sports, and 100% commercial free music.

SIRIUS products for the car, truck, home, RV and boat are available in more than 25,000 retail locations, including Best Buy, Circuit City, Crutchfield, Costco, Target, Wal-Mart, Sam's Club, RadioShack and at http://shop.sirius.com/.

SIRIUS radios are offered in vehicles from Audi, Bentley, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep(R), Land Rover, Lexus, Lincoln, Mercury, Maybach, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Rolls Royce, Scion, Toyota, Volkswagen, and Volvo. Hertz also offers SIRIUS in its rental cars at major locations around the country.

Click on http://www.sirius.com/ to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.

Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2006 filed with the Securities and Exchange Commission. Among the significant factors that could cause our actual results to differ materially from those expressed are: our pending merger with XM Satellite Radio Holdings, Inc. ("XM"), including related uncertainties and risks and the impact on our business if the merger is not completed; any events which affect the useful life of our satellites; our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming providers; and our competitive position versus other audio entertainment providers.

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 2,800 employees located in 167 offices and in 28 countries.

NAVTEQ and NAVTEQ Traffic are trademarks in the U.S. and other countries. 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. The 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 each of the Company's Annual Report on Form 10-K for the year ended December 31, 2006 and the Company's Quarterly Report on Form 10-Q for the quarter ended April 1, 2007, 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.

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Source: NAVTEQ

CONTACT: Jennifer Schuh of NAVTEQ, +1-312-894-3913,
jennifer.schuh@navteq.com; or Bob Richter, +1-212-802-8588,
bob@richtermedia.com, for NAVTEQ

Web site:

http://www.navteq.com/
http://www.panasonic.com/
http://www.sirius.com/

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