Press Room

Telenav Press Release:

Sunnyvale, CA – March 5, 2008 – TeleNav Inc., the first company to launch a GPS navigation system on cell phones in the U.S., today announced global growth consulting company Frost & Sullivan honored its mobile resource management (MRM) service, TeleNav Track, with the 2008 North American Mobility Award for Best MRM Solution on a Handheld Device. The research organization selected TeleNav Track due to its highly usable, innovative and effective set of MRM features and capabilities which have driven impressive returns on investment for thousands of organizations. Frost & Sullivan noted the solution as the market leader, with the ability to increase average revenue per user and intensify subscriber loyalty for wireless carriers. Further details can be found in a Frost & Sullivan’s soon-to-be-release comparative MRM whitepaper.

“The productivity, customer service and cost benefits of MRM solutions are becoming increasingly clear, and businesses are continuing to turn to them to establish a competitive advantage. We expect the North American MRM market to exceed one billion in annual revenues by 2012,” said Brent Iadarola, mobile and wireless research director at Frost & Sullivan. “We selected TeleNav Track as the recipient of the 2008 North American Mobility Award for Best MRM Solution on a Handheld Device because it is the most robust handheld offering that leverages GPS and wireless technology to help keep track of and manage remote assets and employees.”

TeleNav was the first company to launch a GPS navigation system and full-color 3D moving maps on a mobile phone in the U.S., as well as the initial provider of a handheld MRM solution with GPS navigation. TeleNav Track is the Company’s flagship MRM service, enabling organizations to monitor and oversee their mobile workers and fleet through GPS tracking, information reporting and timesheet management. It also helps increase overall performance and efficiency through additional capabilities, including GPS navigation and wireless forms, dispatching and barcode scanning. Currently, more than 8,000 organizations rely on the service to help effectively manage their remote resources.

“We are very pleased that a well-respected and knowledgeable global growth consulting company such as Frost & Sullivan recognizes the value TeleNav Track brings to organizations that struggle in their efforts to better manage their mobile assets,” said Dr. HP Jin, president, CEO and co-founder of TeleNav. “We are very passionate about GPS at TeleNav and are constantly looking for ways to leverage it for personal and business use. This award is a true honor as it recognizes our dedication and progress toward reaching this goal.”

The Frost & Sullivan Mobility Awards recognize outstanding industry achievements by leading organizations in a variety of Mobile & Wireless markets. They recognize the diligence, perseverance and dedication required to develop successful products, services, technologies and solutions that exemplify unrivaled excellence in the increasingly competitive worldwide marketplace. These Awards also honor superior planning and execution of product launches, technological innovations, distribution strategies, mergers and acquisitions and strategic alliances. Frost & Sullivan takes other crucial marketing factors into consideration, such as leadership, strategy, service, innovation, integration and development.

For more information on TeleNav Track, customers should visit http://www.TeleNav Treack.com or call 1.88.TeleNav.2 (1.888.353.6282).

Click here to subscribe to TeleNav press releases

About TeleNav

Telenav's mission is to help make people's lives easier, less stressful, more fun, and more productive while they are on the go. Our personalized navigation services help people make faster and smarter daily decisions about where to go, when to leave, how to get there, and what to do when they arrive. More than 30 million people worldwide already connect with our services from mobile phones, tablets, computers, cars, and developer applications.

We aim to be everywhere people need us. Our partners are wireless carriers, automobile manufacturers and original equipment manufacturers (OEMs), app developers, advertisers and agencies, as well as enterprises large and small. Our partners include AT&T, Bell Mobility, Boost Mobile, China Mobile, Ford, NII Holdings, QNX Software Systems, Rogers, Sony, Sprint Nextel, Telcel, T-Mobile UK, T-Mobile US, U.S. Cellular, Verizon Wireless and Vivo Brazil. You can also find us in mobile app stores and on the web at www.telenav.com and www.scout.me.

Follow Telenav on Twitter at www.twitter.com/telenav or on Facebook at www.facebook.com/telenav.

About Frost & Sullivan

Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan’s Growth Partnerships, visit www.awards.frost.com.