NAVX is a community platform of geolocalized content. We provide services for various types of GPS devices that are currently used as automobile navigation devices, and for GPS-equipped mobile phones. Our platform connects GPS with the Internet and allows customers to generate their own content, share it and upload it onto their GPS.
The installed base of GPS devices is currently booming, with double digit growth, mass distribution in retail channels and massive advertising campaigns. The market for connected navigation services is estimated to 1 billion euros in 2010. At that time, 35% of the European car fleet (that is 70 millions vehicles) will have a GPS, and a substantial part of them will buy and consume services.