Destinator Technologies 'Closes the Gap on Second Place' in Europe for Q3; European Mobile Navigation Market Grows by 27 Percent in Q3; Destinator Grows by 55 Percent in Same Period.SCOTTSDALE, Ariz., MUNICH, Germany & BEIJING -- Destinator Technologies, one of the leading global providers of GPS-based personal navigation software, today announced that it increased its market share in Europe in Q3 2005, shipping 55 percent more units than in the previous quarter, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recently published findings from analyst firm Canalys. Destinator also kept its number two market position in solutions for handheld navigation devices (PDAs), and grew from number five for personal navigation assistants (PNAs) to number three. PDAs and PNAs make up the vast majority of all personal navigation software sold in Europe. "Thanks to our partners, on whose devices Destinator navigation software is sold, Destinator's growth is outpacing the market by two to one," said Dennis DeCoste, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Destinator Technologies. "By tailoring navigation solutions for devices of any kind, and then helping our partners bring those devices to market, Destinator Technologies is the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and ODM (Original Design Manufacturer) A contract manufacturer that uses its own designs and intellectual property (IP). See contract manufacturer. partner of choice not only in Europe, but also in China and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. as those markets begin to rapidly expand." "Destinator closed the gap on second place in the third quarter, and is actively signing new partners," said Chris Jones, director and senior analyst at Canalys. "Overall European mobile navigation software shipments in Q3 2005 reached more than 1.9 million units, an increase of 27 percent in comparison to Q2." "Europe is the epicenter of the personal navigation market's explosive growth, and Destinator grew in each of our product areas," said Godehard Gerling, vice president of business development for Destinator Technologies in Europe. "With the continued support of our partners, and traction in the marketplace for Destinator software, our goal is to lead the European market." The quarterly research report showed that Destinator held the number two market position in Italy, Spain and France, and number three in The United Kingdom and Germany. Destinator Technologies develops and distributes personal navigation software for Personal Navigation devices A Personal Navigation Device (PND) is a portable electronic product which combines a positioning capability (such as GPS) and navigation functions. The earliest PND were hand-held GPS units (circa mid 1980s) which were capable of displaying the user's location on an (PNAs) Pocket-PCs (PDAs) and Smart Phones. The first personal navigation company to enter the Chinese market and recipient of The Tech Museum of San Jose's inaugural INNY Award for Innovation, Destinator is a global player with offices in Munich, Toronto, Scottsdale, Arizona Scottsdale (O'odham Vaṣai S-vaṣonĭ) is a city in Maricopa County, Arizona, United States, adjacent to Phoenix. Scottsdale has become internationally recognized as a premier and posh tourist destination, while maintaining its own identity and culture as " , and Beijing. About Destinator Technologies Inc. Destinator Technologies enables personalized navigation solutions that provide relevant information, anywhere, anytime. As the preferred OEM provider of choice, consumers, businesses and governments purchase our patented and award-winning solutions through the largest hardware manufacturers, mobile carriers and systems integrators in the world. Our solutions are fully adaptable for individual personal navigation, live, navigation-based mobile services, private and public sector security, and enterprise mobility. Destinator Technologies is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Scottsdale, Arizona, U.S.A. with offices in Richmond Hill, Ontario Richmond Hill (2006 population 162,704) is a town in York Region north of Toronto, Ontario, Canada. It is part of the Greater Toronto Area. History The area was first surveyed by Lieutenant-Governor John Graves Simcoe in 1794 while he was constructing Yonge Street. , Canada; Beijing, China; Unterfohring/Munich, Germany; Herzliya Pituach, Israel; and Taipei, Taiwan. Visit www.destinatortechnologies.com to learn more. Copyrights Destinator is trademark or registered trademark of Destinator Technologies Inc. in Canada, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. Other names and brands mentioned herein maybe the properties of their respective owner. Certain statements contained in this press release, including without limitation, statements that are not historical facts and statements containing the words "believes", "anticipates," "hopes," "intends," "expects," and other words of similar import, constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Although the Company believes that the assumptions used to make the forward-looking statements contained herein are reasonable, such statements are based on current expectations that involve a number of known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from expectations. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion