AutoNavi Serves as Event Partner at the Telematics@China 2010 Conference
17 12월 2010 - 7:00PM
AutoNavi Holdings Limited ("AutoNavi" or the "Company")
(Nasdaq:AMAP), a leading provider of digital map content and
navigation and location-based solutions in China, served as an
event partner for the Telematics@China 2010 Conference at the Regal
International East Asia Hotel in Shanghai, China from December 8-9,
2010.
The event was a two-day forum on the telematics industry,
focusing on the integrated use of GPS and mobile communications
technology in automotive navigation systems. The conference
attracted more than 700 representatives from a diverse
cross-section of industries including telecom operators China
Mobile, China Unicom and China Telecom, over twenty automakers,
such as Audi, BMW and Mercedes-Benz, and the Shanghai Automotive
Industry Corporation Group. The forum provided a platform for
technology exchange and information sharing across industries.
AutoNavi's Chief Technology Officer, Mr. Yongqi Yang, commented
on the conference, "We are pleased to have been a part of this
truly global conference, where industry leaders came together to
collaborate and exchange ideas. The telematics industry is a
rapidly growing industry situated at the intersection of automotive
navigation and mobile communications. Through our wealth of
experience with navigation and our deep understanding of
location-based solutions, we believe that we are well-positioned to
capitalize on the tremendous growth opportunities that lie ahead in
this emerging field."
Mr. Yang presented at the conference and was joined by delegates
from participating institutions including the Ministry of Industry
and Information Technology and Goldman Sachs.
About AutoNavi Holdings Limited
AutoNavi Holdings Limited (Nasdaq:AMAP) is a leading provider of
digital map content and navigation and location-based solutions in
China. At the core of its business is a comprehensive nationwide
digital map database that covers approximately 2.8 million
kilometers of roadway and over 12.5 million points of interest
across China. Through its digital map database and proprietary
technology platform, AutoNavi provides comprehensive, integrated
navigation and location-based solutions optimized for the Chinese
market and users, including automotive navigation solutions, public
sector and enterprise applications, wireless location-based
solutions and Internet location-based solutions. For more
information on AutoNavi, please visit http://www.autonavi.com.
The AutoNavi Holdings Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8262
Forward Looking Statements
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements
can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. Among other
things, quotations from management in this press release, as well
as AutoNavi's strategic and operational plans, contain
forward-looking statements. AutoNavi may also make written or oral
forward-looking statements in its reports filed with or furnished
to the U.S. Securities and Exchange Commission, in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about AutoNavi's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: AutoNavi's ability to adequately maintain
and update its digital map database and minimize errors in its
solutions; its current reliance on the automotive navigation market
and a small number of customers for a substantial portion of its
revenues; the project-based nature of its public sector and
enterprise applications business; its limited operating history in
the wireless/Internet location-based solutions markets; compliance
with a complex set of laws, rules and regulations governing its
surveying and mapping and other businesses in China; competition in
the navigation and location-based solutions businesses in China;
and its ability to manage its growth effectively and efficiently.
Further information regarding these and other risks is included in
AutoNavi's registration statement on Form F-1 filed with the
Securities and Exchange Commission. All information provided in
this press release is current as of the date of the press release,
and AutoNavi undertakes no duty to update such information, except
as required under applicable law.
For investor and media inquiries please
contact:
In China: |
|
Serena Shi |
AutoNavi Holdings Limited |
Tel: +86-10-5985-9538 |
E-mail: serena.shi@autonavi.com |
|
Derek Mitchell |
Ogilvy Financial, Beijing |
Tel: +86-10-8520-6284 |
E-mail: amap@ogilvy.com |
|
In the U.S.: |
|
Jessica Barist Cohen |
Ogilvy Financial, New York |
Tel: +1-646-460-9989 |
E-mail: amap@ogilvy.com |
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