Espoo,
Finland – Nokia announced today that it has acquired MetaCarta
Inc. MetaCarta, based in Cambridge, Massachusetts, is a privately owned company
which employs over 30 people and has expertise in geographic intelligence
solutions. MetaCarta’s technology will be used in the area of local search in
Location and other services.
About Nokia
At Nokia,
we are committed to connecting people. We combine advanced technology with
personalized services that enable people to stay close to what matters to them.
Every day, more than 1.2 billion people connect to one another with a Nokia
device – from mobile phones to advanced smartphones and high-performance mobile
computers. Today, Nokia is integrating its devices with innovative services
through Ovi (www.ovi.com), including music, maps, apps, email and more.
Nokia's NAVTEQ is a leader in comprehensive digital mapping and navigation
services, while Nokia Siemens Networks provides equipment, services and
solutions for communications networks globally.
About MetaCarta Inc.
MetaCarta Inc. provides powerful
technology for finding anything written about any place. MetaCarta unique
technology combines geosearch and geotagging capabilities allowing users to
find content about a location in internal and external data stores. MetaCarta’s
products make data and unstructured content "location-aware" and
geographically relevant for easier organization and quicker action.
FORWARD-LOOKING
STATEMENTS
It should be noted
that certain statements herein which are not historical facts, including,
without limitation, those regarding: A) the timing of product, services and
solution deliveries; B) our ability to develop, implement and commercialize new
products, services, solutions and technologies; C) our ability to develop and
grow our consumer Internet services business; D) expectations regarding market
developments and structural changes; E) expectations regarding our mobile
device volumes, market share, prices and margins; F) expectations and targets
for our results of operations; G) the outcome of pending and threatened
litigation; H) expectations regarding the successful completion of contemplated
acquisitions on a timely basis and our ability to achieve the set targets upon
the completion of such acquisitions; and I) statements preceded by
"believe," "expect," "anticipate,"
"foresee," "target," "estimate,"
"designed," "plans," "will" or similar
expressions are forward-looking statements. These statements are based on
management's best assumptions and beliefs in light of the information currently
available to it. Because they involve risks and uncertainties, actual results
may differ materially from the results that we currently expect. Factors that
could cause these differences include, but are not limited to: 1) the
deteriorating global economic conditions and related financial crisis and their
impact on us, our customers and end-users of our products, services and
solutions, our suppliers and collaborative partners; 2) the development of the
mobile and fixed communications industry, as well as the growth and
profitability of the new market segments that we target and our ability to
successfully develop or acquire and market products, services and solutions in
those segments; 3) the intensity of competition in the mobile and fixed
communications industry and our ability to maintain or improve our market
position or respond successfully to changes in the competitive landscape; 4)
competitiveness of our product, services and solutions portfolio; 5) our
ability to successfully manage costs; 6) exchange rate fluctuations, including,
in particular, fluctuations between the euro, which is our reporting currency,
and the US dollar, the Japanese yen, the Chinese yuan and the UK pound
sterling, as well as certain other currencies; 7) the success, financial
condition and performance of our suppliers, collaboration partners and
customers; 8) our ability to source sufficient amounts of fully functional
components, sub-assemblies, software and content without interruption and at
acceptable prices; 9) the impact of changes in technology and our ability to
develop or otherwise acquire and timely and successfully commercialize complex
technologies as required by the market; 10) the occurrence of any actual or
even alleged defects or other quality, safety or security issues in our
products, services and solutions; 11) the impact of changes in government
policies, trade policies, laws or regulations or political turmoil in countries
where we do business; 12) our success in collaboration arrangements with others
relating to development of technologies or new products, services and
solutions; 13) our ability to manage efficiently our manufacturing and
logistics, as well as to ensure the quality, safety, security and timely
delivery of our products, services and solutions; 14) inventory management
risks resulting from shifts in market demand; 15) our ability to protect the
complex technologies, which we or others develop or that we license, from
claims that we have infringed third parties' intellectual property rights, as
well as our unrestricted use on commercially acceptable terms of certain
technologies in our products, services and solutions; 16) our ability to
protect numerous Nokia, NAVTEQ and Nokia Siemens Networks patented,
standardized or proprietary technologies from third-party infringement or
actions to invalidate the intellectual property rights of these technologies;
17) any disruption to information technology systems and networks that our
operations rely on; 18) developments under large, multi-year contracts or in
relation to major customers; 19) the management of our customer financing
exposure; 20) our ability to retain, motivate, develop and recruit
appropriately skilled employees; 21) whether, as a result of investigations
into alleged violations of law by some former employees of Siemens AG
("Siemens"), government authorities or others take further actions
against Siemens and/or its employees that may involve and affect the
carrier-related assets and employees transferred by Siemens to Nokia Siemens
Networks, or there may be undetected additional violations that may have
occurred prior to the transfer, or violations that may have occurred after the
transfer, of such assets and employees that could result in additional actions
by government authorities; 22) any impairment of Nokia Siemens Networks
customer relationships resulting from the ongoing government investigations
involving the Siemens carrier-related operations transferred to Nokia Siemens
Networks; 23) unfavorable outcome of litigations; 24) allegations of possible
health risks from electromagnetic fields generated by base stations and mobile
devices and lawsuits related to them, regardless of merit; as well as the risk
factors specified on pages 11-28 of Nokia's annual report on Form 20-F for the
year ended December 31, 2008 under Item 3D. "Risk Factors." Other
unknown or unpredictable factors or underlying assumptions subsequently proving
to be incorrect could cause actual results to differ materially from those in
the forward-looking statements. Nokia does not undertake any obligation to
publicly update or revise forward-looking statements, whether as a result of
new information, future events or otherwise, except to the extent legally
required.
Media
Enquiries:
Nokia
Communications
Tel. +358
7180 34900
E-mail: press.services@nokia.com
www.nokia.com
METACARTA
Ali Smith
SpeakerBox Communications
Tel. +1 703 2877812
Email: asmith@speakerboxpr.com