Business Services Industry
Tele Atlas Inks Agreement with iBiquity Digital to Provide Dynamic Traffic Map Content For HD Radio System; Alliance Brings Users Up-to-the-Minute Digital Traffic and Rerouting Data
Business Wire, Jan 5, 2005
LAS VEGAS -- Tele Atlas, a worldwide leading provider of digital map data and location content, today announced an agreement with iBiquity Digital Corporation to provide dynamic traffic content utilizing HD Radio(TM) technology. The alliance aims to bring convenience and time savings to motorists around the country, who will be able to access real-time traffic feeds regarding accidents, road construction and other travel events through digital HD Radio technology.
This application will be on display at iBiquity's booth (#4823) at the Consumer Electronics Show in Las Vegas, NV, January 6-9, 2005.
"Beyond CD-quality sound, digital HD Radio technology offers broadcasters the opportunity to greatly expand their offerings to the public. Combined with Tele Atlas' highly valuable traffic information, HD Radio FM broadcasters can provide their communities with dynamic and accurate traffic data that can help them avoid frustrating and lengthy time delays as they travel the nation's roadways," said Jeffrey Jury, iBiquity Digital Corporation.
HD Radio technology enables AM and FM radio stations to broadcast their programs digitally, alongside analog. These digital broadcasts provide listeners with greatly improved audio quality and reception, as well as a variety of new data services.
"We're extremely pleased to be teaming up with iBiquity for the delivery of Tele Atlas' traffic information," said Richard Pearlman, vice president, Navigation & Telematics Sales at Tele Atlas. "Our data is much broader than what local area traffic reports provide - with HD Radio technology and increased bandwidth, listeners will be able to access the full breadth of our offering."
Tele Atlas has learned through its experience that consumers have a high level of interest in traffic alert services that provide them with up-to-the-minute information. The dynamic traffic and rerouting content offered by the company provides immediate, real-time feeds on any type of road congestion that can hamper travel.
About iBiquity
iBiquity Digital is the sole developer and licenser of HD Radio technology in the U.S., which is transforming today's analog radio to digital, enabling radically upgraded sound, crystal-clear reception and new wireless data services. The company's investors include 15 of the nation's top radio broadcasters, including ABC, Clear Channel and Viacom; leading financial institutions, such as Grotech Capital Group, J.P. Morgan Partners, New Venture Partners, Pequot Capital and J&W Seligman; and strategic partners Ford Motor Company, Harris, Texas Instruments and Visteon. iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, Belmont, CA and Warren, NJ. For more information please visit: www.ibiquity.com.
About Tele Atlas
Founded in 1984, Tele Atlas is a worldwide leading provider of digital maps and dynamic location content for a variety of navigation, location-based services and geospatial products and database solutions. Tele Atlas' database is a highly accurate reproduction of today's street network, enabling turn-by-turn route guidance on a high percentage of European, U.S. and Canadian roads. Tele Atlas' compatibility with major navigation systems and its open system design have placed the company's technology at the heart of both consumer and business-to-business applications worldwide. From logistics to marketing to traffic and fleet management, in almost every sector of today's business and consumer world, Tele Atlas has built a reputation as an acknowledged pioneer and leader in the digital map industry. For more information, please visit www.na.teleatlas.com (in North America) or www.teleatlas.com (in Europe).
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