HTC and TomTom map

TomTom in a press release announced partnership with HTC for HTC Locations mapping application which is now available on HTC smartphones. According to TomTom press release, both companies announced “they are combining strengths to deliver superb navigation and location solutions on HTC smartphones.” Maps and location content come preloaded on HTC Locations while turn-by-turn navigation…

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Nav N Go Receive EURO 1m EU Grant

Nav N Go, Bupdapest-based Mobile navigation provider, has received a grant of EURO 1 million from the European Union to develop a location-based platform tailored to work on mobile devices. The company has already started working on the project together with the Budapest University of Technology and Economics and U1 Research Nonprofit Ltd. One of…

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Q3 NAVTEQ sales increased

NAVTEQ reported net sales increased 52% year-on-year to €252 million, compared with €166 million in the third quarter 2009, and were unchanged sequentially. NAVTEQ’s non-IFRS operating profit was €74 million, compared with €43 million in the third quarter 2009 and €50 million in the second quarter 2010. The non-IFRS operating margin was 29.4% in the…

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