MapInfo Awarded Patent for International Geocoding Engine; Enables Organizations to Perform More Consistent and Accurate Analysis of Global Location Data, Improving Operational Efficiency.TROY, N.Y. -- MapInfo Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : MAPS), the leading global provider of location intelligence solutions, today announced that 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. Patent & Trademark Office has granted MapInfo a U.S. patent for its premier international geocoding software engine. The technology enables global organizations to use a single geocoding engine to attach a latitude and longitude latitude and longitude Coordinate system by which the position or location of any place on the Earth's surface can be determined and described. Latitude is a measurement of location north or south of the Equator. to addresses in diverse international formats. The patented geocoding engine is delivered to the enterprise via the MapInfo Envinsa(TM) location platform and ensures the consistency and accuracy of location-based information. Based on enhanced data about the location of customers, assets and competitors, organizations can make more intelligent decisions that can have an immediate impact on bottom-line results. Global organizations face the difficult challenge of managing customers, partners and employees in numerous countries and the exact location of these valuable assets must be accurate, up-to-date and consistent across the entire enterprise in order to make more strategic business decisions. Prior to the development of MapInfo's universal geocoding engine, organizations were tasked with using multiple technologies to location-enable data from separate countries--an extremely inefficient and costly procedure that delivered inconsistent results. Now, with MapInfo's patent, "A System and Method for Geocoding Diverse Address Formats," organizations can use a single application programming interface to geocode ge·o·code n. The demographic characterization of a neighborhood or locality, especially as used in marketing. addresses regardless of their national format. For instance, a multinational financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company interested in displaying ATM locations worldwide must cope with the challenges of assigning as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. coordinates to vastly differing address formats. Customers planning access to cash for international travel need to have accurate location and service information. By improving the accuracy and efficiency of location-enabling ATM data, the MapInfo geocoding engine helps organizations improve operational efficiency and customer service. "Globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation and expansion into new markets requires significant investments in hardware, software and data resources," said George Moon, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. , MapInfo. "Having more dispersed dis·perse v. dis·persed, dis·pers·ing, dis·pers·es v.tr. 1. a. To drive off or scatter in different directions: The police dispersed the crowd. b. assets, employees and resources also presents unique problems in each new market. By improving the accuracy and consistency of an organization's location-based data, our patented international geocoding engine helps reduce the costs of locating assets across the globe. With more powerful data, organizations can perform location intelligence analysis in new markets and drive better decisions about products, services and competition." About MapInfo Corporation MapInfo is a global company and the leading provider of location intelligence solutions, integrating software, data and services to provide greater value from location-based information and drive more insightful decisions for businesses and government organizations around the world. MapInfo solutions are available in 20 languages through a network of strategic partners and distribution channels in 60 countries. Headquartered in Troy, N.Y., MapInfo is on the World Wide Web at www.mapinfo.com. MapInfo and Envinsa are trademarks of MapInfo Corporation and/or its subsidiaries and affiliates. Of Note This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involving risks and uncertainties. Any statement not a statement of historical fact is a forward-looking statement, including without limitation statements concerning demand for and benefits of MapInfo products and integration of MapInfo products with existing solutions. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including those factors contained in the Company's most recent quarterly report on Form 10-Q Form 10-Q See 10-Q. filed with the Securities and Exchange Commission under the heading "Risk Factors." MapInfo takes no responsibility to update any forward-looking statements. |
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