Tele Atlas Teams with Oracle to Found European Center for Innovation

Center for Innovation in Geospatial & Location Based Services will foster growth of practical solutions and industry development

13 June, 2007, Gent (Belgium) – Tele Atlas, a leading global provider of digital maps and dynamic content for navigation and location based solutions, and Oracle, the world's largest enterprise software company, announced a collaboration to create the European Center for Innovation in Geospatial & Location Based Services (LBS). The Center is a multi-disciplinary community focused on the introduction of new ideas, knowledge sharing, value proposition building and networking for the geospatial and LBS arenas.

“We believe the Center for Innovation will stimulate this burgeoning sector by bringing practical and relevant geospatial and location-based solutions to the market — solutions that customers will recognize as genuinely beneficial to their enterprise or in their personal lives,” says Jack Reinelt, Managing Director and Chief Operating Officer EMEA, Tele Atlas. “Our intention is to create a dynamic community of application developers, hardware vendors, academics, researchers, users and buying organizations that will provide opportunities to share ideas and solutions. Tele Atlas and Oracle will be actively involved in the community, providing members with a wide variety of services and technologies ranging from training to geospatial datasets.”

Xavier Verhaeghe, Managing Director Oracle Belgium & Luxemburg adds: “The ability to determine the position of anyone or anything in real time is driving new business opportunities in many industries. There is a growing ecosystem of solution providers offering complementary hardware, software and data needed to drive the geospatial and location-based services. Collaboration is key to success. Community members will not only be able to find potential partners and buyers in their own country, but they will also be able to get help with taking their solutions into new geographic and industry markets.”

Tele Atlas and Oracle will establish an Advisory Board, combining commercial and academic expertise, which will serve to provide objective, balanced guidance on activities and focus areas.

For more detailed information, please visit the community’s website at http://www.innovation-geo-lbs.com.

About Tele Atlas
Tele Atlas delivers the digital maps and dynamic content that power some of the world’s most essential navigation and location-based services (LBS). The information is the foundation for a wide range of personal and in-car navigation systems and mobile and Internet map applications that help users find the people, places, products, and services they need, wherever they are. The company also works with business partners who trust its digital map data to deliver critical applications for emergency, business, fleet, and infrastructure services. Through a combination of its own products and partnerships, Tele Atlas offers digital map coverage of more than 200 countries and territories worldwide. The company was founded in 1984 and today has approximately 2,400 full-time staff and contract cartographers at offices in 24 countries and uses a sophisticated network of professional drivers, mobile mapping vans, and more than 50,000 data resources to deliver highly accurate and up-to-date digital maps. Tele Atlas is listed on the Frankfurt Stock Exchange (TA6) and on Euronext Amsterdam (TA). For more information, visit www.teleatlas.com.

About Oracle
Oracle (Nasdaq GS: ORCL) is the world’s largest enterprise software company. For more information about Oracle visit www.oracle.com.


For further information, please contact:
Dirk Snauwaert
Public Relations Director Tele Atlas Europe, Middle East and Africa
Phone: +32 475 69 30 97
dirk.snauwaert@teleatlas.com