TOM2 TomTom NV

TomTom Selected by Volvo Cars to Power Drive Me Programme

TomTom (TOM2) today announced that Volvo Cars Corporation selected TomTom’s HD Map to power the first phase of the Volvo Drive Me programme. Drive Me is Volvo’s groundbreaking research project into autonomous driving wherein real drivers will integrate autonomous driving into their daily lives on public roads. The first group of drivers will be recruited in Gothenburg, Sweden, with further pilot schemes organised in London, the UK and China.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170307006271/en/

TomTom today announced that Volvo Cars Corporation selected TomTom’s HD Map to power the first phase ...

TomTom today announced that Volvo Cars Corporation selected TomTom’s HD Map to power the first phase of the Volvo Drive Me programme. Drive Me is Volvo’s groundbreaking research project into autonomous driving wherein real drivers will integrate autonomous driving into their daily lives on public roads. The first group of drivers will be recruited in Gothenburg, Sweden, with further pilot schemes organised in London, the UK and China. (Graphic: Business Wire)

TomTom’s HD Map, is a revolutionary, highly accurate, digital map-based product that helps automated vehicles precisely locate themselves on the road.

Antoine Saucier, Managing Director, TomTom Automotive, said: “The Volvo Drive Me programme is exciting because of its user-centric focus. We’re really interested in what we’ll learn from the drivers as they interact with the technology, and how the TomTom HD Map helps towards their driving experience.”

Volvo Car’s customers, from 2019, will benefit from TomTom’s suite of connected car components across the globe.*

* From 2019, Volvo Cars’ customers across the globe, across all carlines on the SPA and CMA platforms, will be able to enjoy an exceptional navigation experience powered by TomTom’s complete suite of components, both embedded and cloud based. Read the press release here.

-ENDS-

More information about TomTom’s maps for highly automated driving can be downloaded here.

About TomTom

TomTom empowers movement. Every day millions of people around the world depend on TomTom to make smarter decisions. We design and develop innovative products that make it easy for people to keep moving towards their goals. Our map-based components include map content, online map-based services, real-time traffic and navigation software. Our consumer products include PNDs, navigation apps and sports watches. Our main business products are custom in-dash navigation systems and a fleet management system, which is offered to fleet owners as an online service with integrated in-vehicle cellular devices. Our business consists of four customer facing business units: Automotive, Licensing, Telematics and Consumer.

Founded in 1991 and headquartered in Amsterdam, we have more than 4,700 employees worldwide. For further information, please visit www.tomtom.com

About TomTom Automotive

TomTom Automotive is the trusted partner for innovative and future-proof navigation technology for the global automotive industry. As a global leader in connected navigation software, traffic information, and digital real-time maps, we offer Automotive OEMs the modular components to create competitive infotainment systems, as well as the technology to enable the future self-driving cars to see beyond their sensors.

EN
08/03/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TomTom NV

TomTom N.V.: 1 director

A director at TomTom N.V. bought 16,224 shares at 5.130EUR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

 PRESS RELEASE

TomTom maps to support Qualcomm Aware Platform

TomTom maps to support Qualcomm Aware Platform Qualcomm to utilize TomTom’s global map data to assist in providing efficient, secure, and comprehensive asset tracking solutions worldwide.Combining Qualcomm’s broad array of connected devices and TomTom’s mapmaking expertise provides a fully integrated, flexible platform to meet various asset visibility needs and address the most challenging use cases across industries. AMSTERDAM, April 30, 2024 (GLOBE NEWSWIRE) -- TomTom () the location technology specialist today announced it has been selected by a global leader in wireless technology...

Marc Hesselink ... (+3)
  • Marc Hesselink
  • CFA
  • Thymen Rundberg

TomTom/Binary outcome/HOLD

We see a binary outcome for the TomTom investment case. The company highlights commercial traction with the new Orbis map platform but we did not see tangible proof of this yet. Given the high fixed cost base and consequently high operational leverage this commercial traction is key and is the difference between low growth or high growth and cash generation. We remain in the middle but believe that the current 2025 ambition is too demanding. We reiterate our HOLD and cut our target price to €6.0...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ASML: 1Q24 Results; weak orders but case intact. CM.com: Reasonable 1Q24 trading update, positive EBITDA surprise. Just Eat Takeaway.com: 1Q24 trading update - slowly creeping back to order growth. Staffing: Dutch period 3 - March volume and revenue seeing slight recovery in the trend. TomTom: 1Q24 results - touch weaker but no major surprises

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ASML: Preview 1Q24 – Building momentum. Fastned: Preview 1Q24 trading update. TomTom: Preview 1Q24, limited changes vs FY23. Xior Student Housing: Final formal step for the Basecamp deal

ResearchPool Subscriptions

Get the most out of your insights

Get in touch