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NAVX Chosen as a Content & Application Provider by PARROT in Europe

NAVX, a start-up specialized in the supply of time-sensitive & geolocalized content, announces an agreement for the supply of content and embedded applications.
NAVX sources, collects and formats time-sensitive information throughout Europe, including fuel prices, parking availability, electric vehicle recharge stations and speedcams.

Parrot is a world-leading manufacturer of wireless devices for mobile phones, which has developed the Parrot ASTEROID, a car receiver combining advanced hands-free telephony, connection to web services and access to applications.

NAVX developed two applications which are embedded in the Parrot ASTEROID, and which provide access to its European gas prices database as well as its real-time database of parking availability.

"With this collaboration, Parrot can provide an even richer experience. The two embedded applications allow drivers to find competitively priced gas stations as well as available parking lots," says Henri Seydoux, CEO of Parrot.

"It confirms the growing interest for dynamic geolocalized content, and strengthens NAVX's role as a provider of time-sensitive information and mobile applications," says Jean Cherbonnier, CEO of NAVX.

About NAVX

NAVX is a provider of geolocalized content and services for GPS and Smartphones. Its platform provides real time information such as the location of speedcams, EV recharge stations, fuel prices, parking availability. The content provided by NAVX is available in Europe and its services are compatible with the major players in the navigation industry. NAVX also develops smartphone applications on all major OS.

About Parrot

Parrot, a global leader in wireless devices for mobile phones, stands on the cutting edge of innovation. The company was founded in 1994 by Henri Seydoux as part of his determination to drive the inevitable breakthrough of mobile phones into everyday life by creating high-quality, user-friendly wireless devices for easy living. Parrot has developed the most extensive range of hands-free systems on the market for cars, motorbikes and scooters, including wireless multimedia products geared towards audiovisual applications. In 2008, Parrot launched a new prestige line of high-end products bearing the hallmark of renowned artists and in 2010, the AR.Drone, the first quadricopter piloted via wi-fi and using augmented reality.

Parrot, headquartered in Paris, currently employs 450 people worldwide and generates 85% of its sales overseas. Parrot is listed on NYSE Euronext Paris since 2006.
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