BEIJING, April 18, 2013 (GLOBE NEWSWIRE) -- AutoNavi Holdings Limited ("AutoNavi" or the "Company") (Nasdaq:AMAP), a leading provider of digital map content and navigation and location-based solutions in China, today announced that its premium navigation application is included as a pre-installed application on the Samsung Galaxy S4 smartphone, which was released in China on April 17. This is the latest milestone in AutoNavi's ongoing strategic partnership with Samsung, following the pre-installation of the Company's premium navigation application on Samsung Galaxy Series last year.
In addition to providing offline navigation support, AutoNavi's premium navigation application includes a number of new features customized for the Galaxy S4, including augmented reality and voice-guided turn-by-turn navigation with lane-specific guidance, available for the first time in China, plus push-to-talk capability for hands-free operation. Also, a number of native Galaxy S4 applications, including S Voice, stock photo album and address book, are integrated with AutoNavi's premium navigation application, allowing users to access the premium navigation application's content and functionality. Some native Galaxy S4 applications that make use of map displays will automatically utilize AutoNavi's map API services.
"Our ability to offer customized solutions in the mobile Internet space is key to our collaboration with a wide range of partners, particularly Samsung," said AutoNavi's chief executive officer, Mr. Congwu Cheng. "AutoNavi's focus on product and technological innovation brings additional functions and enhanced user experiences to China's mobile Internet users, while making navigation an intuitive and more enjoyable experience."
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 3.6 million kilometers of roadway and over 20 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, mobile location-based solutions and Internet location-based solutions, and public sector and enterprise applications. For more information on AutoNavi, please visit http://www.autonavi.com.
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, the 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 mobile/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 annual report on Form 20-F as well as in its other filings 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.
CONTACT: For investor and media inquiries please contact: In China: Serena Shi AutoNavi Holdings Limited Tel: +86-10-8410-7883 E-mail: firstname.lastname@example.org Derek Mitchell Ogilvy Financial, Beijing Tel: +86-10-8520-3073 E-mail: email@example.com In the U.S.: Jessica Barist Cohen Ogilvy Financial, New York Tel: +1-646-460-9989 E-mail: firstname.lastname@example.org
Source:AutoNavi Holdings Limited