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TeleNav Named an Emerging Mobile Player to Watch in 2007

Selected for unique capabilities, including 3D mapping, the ability to search for points along a predetermined route, and speech input of destination address.

On the heels of the most successful year in its history, TeleNav Inc. was recently showcased by mobile industry analyst firm IDC as a pioneer in delivering GPS-enabled, location-based services (LBS) on mobile phones.

Featuring TeleNav in its annual report, entitled Ten Emerging Mobile Players to Watch in 2007, IDC named the company in the report because of its unique technical capabilities, strong relationships with wireless carriers and its increasing brand recognition in the industry.

According to Sean Ryan, IDC mobile analyst and author of the report, "IDC selected TeleNav as one of the ten emerging companies to watch because of its unique capabilities, including 3D mapping, the ability to search for points of interest along a predetermined route, speech input of destination address and population of the city field by nearby cities -- limiting the need to key in information."

"2006 was a momentous year for the TeleNav team and we are honored by IDC's recognition of our accomplishments," said Dr. H.P. Jin, president, CEO and co-founder of TeleNav. "Heading into 2007, we are looking forward to an even more exciting year of new technology advancements, service offerings, strategic partnerships and growth."

In 2007, the Company plans to continue to develop new and pioneering technologies for TeleNav GPS Navigator and TeleNav Track, work closely with partners to drive more awareness for phone-based navigation solutions, and expand partnerships and product availability both internationally and domestically.

"The market for GPS-enabled services on mobile phones has multiplied as more people realize they do not have to invest in expensive navigation-only devices in order to enjoy a high quality experience," said Jin. "We expect continued demand for top-of-the line LBS services that are innovative, yet also relevant and easy to use. The launch of our new TeleNav Traffic service last month is a good example of this and has kicked us off to a great start in 2007. We will continue to delight our customers and our partners with high quality services and support."