Published: May 15, 2014
AND International Publishers NV has signed an important agreement with an established company in the navigation market to create a high quality navigation map of the United States and Canada. Based on this contract, and the positive results for 2013, AND decided on 9 May to make a payment of 372.714 euro from its reserves to its shareholders. AND maintains its expectation that 2014 will be profitable.
AND Chief Executive Officer Hugo van der Linde: “Again this year had a positive start, this time with the important agreement to create a high quality navigation map of the United States and Canada. Therefore we maintain our expectation that the financial year 2014 will be profitable.”
ALK will contribute its own navigation map of the United States and Canada, which is already extensively used within various navigation applications, systems and logistic solutions. AND is entitled to deliver the map to third parties.
Together with its current Western European navigation map AND will double its coverage of navigation maps. With this increase in coverage AND expects to further attract global customers.
The upgrade and enrichments program is planned to run until mid-2015, however parts of the improved maps will become commercially available before the fourth quarter in 2014.