Acquisition Reinforces the Company's Commitment to Leadership in 3D Mapping

CHICAGO, Nov. 17, 2010 — (PRNewswire) — NAVTEQ, the leading global provider of maps, traffic and location data enabling navigation, location-based services and mobile advertising around the world, has acquired PixelActive.  The acquisition is an extension of NAVTEQ's strategy to accelerate expansion from a 2D to 3D map, as well as providing further opportunity to leverage 3D technologies for all NAVTEQ products.

The acquisition of PixelActive Inc., a California-based company with 16 employees prior to close, supports NAVTEQ's move to a 3D-based architecture.  PixelActive specializes in tools and technologies for 3D modeling of detailed road networks, buildings and terrain.  The company's Cityscape product has been utilized by NAVTEQ in the development of product offerings such as 3D Junction Objects and 3D City Models.  The acquisition of PixelActive is aimed at expanding NAVTEQ's ability to efficiently build products in a 3D environment.  Steve Rotenberg and Michael Kelley, the founders of PixelActive, will stay with the company and continue their roles in the R&D organization supporting these efforts.

"Future developments in navigation and other location-enabled solutions will rely heavily on 3D mapping capabilities," said Cliff Fox, executive vice president, NAVTEQ Maps.  "Putting this critical product architecture in place will provide a foundation for the rapid creation of 3D content and keep NAVTEQ on the forefront of the industry."  

"The acquisition of PixelActive underscores NAVTEQ's continued commitment to providing the most advanced digital maps," explained Larry Kaplan, president and CEO, NAVTEQ.  "We are quickly moving to a world of 3D maps and NAVTEQ is taking the necessary steps to continue to provide our customers with a superior offering from which they can differentiate their products."

Terms of the acquisition are not disclosed.

About PixelActive

PixelActive is a leading provider of 3D urban modeling software for video games, simulation, navigation, and urban planning.  Their flagship product, CityScape, enables developers to create 3D urban environments easier and faster than traditional methods, and allows creation of optimized models for real-time visualization and simulation.  PixelActive is headquartered in Carlsbad, California, and was founded by game industry veterans Steve Rotenberg and Michael Kelley.

About NAVTEQ

NAVTEQ is the leading global provider of maps, traffic and location data (digital location content) enabling navigation, location-based services and mobile advertising around the world.  NAVTEQ supplies comprehensive digital location content to power automotive navigation systems, portable and wireless devices, Internet-based mapping applications and government and business solutions.  The Chicago-based company was founded in 1985 and has approximately 5,100 employees located in 212 offices in 48 countries.  NAVTEQ is a wholly-owned subsidiary of Nokia Corporation.

About Nokia

At Nokia, we are committed to connecting people. We combine advanced technology with personalized services that enable people to stay close to what matters to them.  Every day, more than 1.3 billion people connect to one another with a Nokia device – from mobile phones to advanced smartphones and high-performance mobile computers.  Today, Nokia is integrating its devices with innovative services through Ovi ( www.ovi.com), including music, maps, apps, email and more.  Nokia's NAVTEQ is a leader in comprehensive digital mapping and navigation services, while Nokia Siemens Networks provides equipment, services and solutions for communications networks globally.

NAVTEQ and Nokia are trademarks in the U.S. and other countries. All rights reserved.

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"Risk Factors." Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

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SOURCE NAVTEQ

Contact:

NAVTEQ PixelActive Nokia Stella Smith of NAVTEQ Phone: +1-312-894-7614 Email Contact Bob Richter Phone: +1-212-802-8588 Email Contact for NAVTEQ Web: http://www.navteq.com