SANTA CLARA, Calif., – May 19, 2020 – Telenav®, Inc. (NASDAQ: TNAV), a leading provider of connected-car and location-based services, and Alpine Electronics, one of the world’s premier manufacturers of automotive electronic components, announced they are teaming up to develop an easy, low-cost way to quickly upgrade existing in-vehicle infotainment systems by simply inserting Alpine’s infotainment device with Telenav’s VIVID infotainment system into a vehicle’s USB port.
VIVID™ is a new, advanced, cloud-first, in-vehicle infotainment system that seamlessly brings together the best in online entertainment and information services with high-end hybrid navigation and integrated online smart voice assistant.
“Our partnership with Alpine is great news for OEMs and vehicle owners alike,” stated Sal Dhanani, Telenav co-founder and chief operating officer. “Alpine’s Infotainment Stick with VIVID will be easily applied to vehicles supporting MirrorLink® by simply plugging it in to instantly start enjoying a delightful connected-car experience. With VIVID, consumers will be able to get a cloud-connected solution that will seamlessly integrate navigation, online music services, and a smart voice assistant for a safe, enjoyable, hands-free experience that is always fresh through ‘over-the-air’ software updates.”
The partnership will also benefit OEMs who want to update their in-market infotainment solutions with the VIVID-Alpine infotainment product in the after-market. Providing an updated infotainment system in such a manner will allow OEMs to instantly give their customers the latest in automotive digital technology. In doing so, OEMs will be able to further strengthen customer loyalty to their brand by ensuring all their vehicles in the market can provide a delightful digital user experience.
“We’re proud to partner with Telenav in delivering a revolutionary in-car experience that fuses entertainment, navigation, and smart-assistant technology,” said Yasuhiro Ikeuchi, president Alpine Electronics GmbH. “With car users around the world demanding easy access to maps, multi-media, and more, the Alpine infotainment device with VIVID One is a vital addition to many drivers’ in-car experience.”
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to anticipated partnership between Telenav and Alpine and development and availability of a VIVID-Alpine infotainment product, such product’s offering and performance and market penetration, market financial performance, management’s plans and objectives for future operations, business prospects, and other matters. Any forward-looking statement made in this press release speaks only as of the date on which it is made. Telenav undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Forward-looking statements can be identified by various words such as “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” and similar expressions. These forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to management. Telenav cautions that these statements are subject to risks and uncertainties, many of which are outside of Telenav’s control and could cause future events or results to be materially different from those stated or implied in this document, or to not occur at all, including among others, risk factors that are described in Telenav’s Annual Report on Form 10-K and quarterly report on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission (“SEC”), which are available at the SEC’s website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements.
