AutoNavi Launches China's First Map Application for Windows 8
BEIJING, Oct. 24, 2012 (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 it launched its AMAP map application ("app") for Windows 8 on October 23 to coincide with Microsoft's global launch of Windows 8, which kicked off in Shanghai, China on the same date. The app was one of a few select applications displayed during the Windows 8 China launch event.
AutoNavi's customized map app, AMAP, offers a fast, accurate and easy-to-use mapping experience to Windows 8 users, taking advantage of many of the significant enhancements to the operating system's user interface. Key features of the app include a 3D view, location sharing, location alerts and split-screen capability that enables users to perform other functions while still viewing their map.
"With the launch of app for Windows 8, we now operate map applications on all major operating systems, including Android and iOS," said Mr. Congwu Cheng, chief executive officer of AutoNavi. "Our ability to develop maps successfully across multiple platforms reflects the strength, adaptability and speed of our R&D. We are proud that the quality and reliability of our map applications have been recognized by many of the world's leading technology companies. We believe the app for Windows 8 will further strengthen our cooperation with Microsoft and expand our user base across a new range of devices."
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 3.4 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.
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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. 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.