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Hertz Forms Joint Venture with Magellan

14 December 1998

Hertz Forms Joint Venture with Magellan to Equip 50,000 Rental Cars in the US, Europe and Canada with 'Next Generation' Navigational Technology

    PARK RIDGE, N.J., Dec. 14 -- The Hertz Corporation
, the world's largest car rental company, and Magellan Corporation,
satellite access products subsidiary of Orbital Sciences Corporation
, have announced an agreement to form an exclusive joint venture,
that will oversee the expansion and operation of Hertz' popular vehicle
navigation system, NeverLost(R) in rental cars throughout the US, Europe and
Canada.
    The joint venture will purchase from Magellan 50,000 vehicle navigation
and driver information systems, utilizing "next generation" navigational
technology, for installation this coming summer in Hertz' fleet, including
Lincoln Towncars and Ford Tauruses.  The joint venture will also install,
maintain, market, advertise and set pricing for the new vehicle navigation
systems globally.
    "The Hertz-Magellan joint venture is consistent with our commitment to
customer service and the provision of cutting-edge technology to our
customers," said Robert J. Bailey, Hertz Senior Vice President, Quality
Assurance.  "It is also an innovative means of rapidly deploying what is a
global technology."
    Specific terms of the agreement were not disclosed.
    "Vehicle navigation technology has proven its value to the car rental
industry and our joint venture with Hertz builds on our prior success," stated
David W. Thompson, President and CEO of Orbital Sciences Corporation.
    "We're extremely excited about the development of our new, advanced
vehicle navigation and driver information systems and equally excited to be
Hertz' exclusive in-car navigation supplier," continued Thompson.
    These next generation vehicle navigation and driver information systems,
developed and manufactured by Magellan, will be available at Hertz locations
in the US, where the directional data base covers the 48 contiguous states; in
France, Germany and the United Kingdom; and in Vancouver and Toronto, Canada.
    "This is seamless, global technology.  The Hertz customer in Germany will
use the same NeverLost unit at home that he finds in his rental car in Miami
when he vacations abroad," continued Mr. Bailey.
    Customers simply input a local street address or may choose from a range
of destinations including hotels, airports, restaurants and other points of
interest. The new user-friendly route guidance systems will provide easier and
more detailed turn-by-turn driving directions with the increased data base
coverage.
    Also, Hertz' existing units provide voice prompts in English only, the new
units will provide customers with the choice of six additional languages,
including, Dutch, French, German, Italian, Japanese and Spanish.
    The new system will utilize an improved graphical interface that clearly
illustrates roads, highways and intersections including jug handles and
traffic circles.
    Also, each unit will be equipped with an Emergency Location Button, which
immediately displays the vehicle's exact location on the screen.   So, if a
customer requires assistance from Hertz' Emergency Roadside Assistance, they
can easily let Hertz know exactly where they are.
    In 1995, Hertz introduced its Magellan-manufactured Hertz NeverLost(R) on-
board navigation system in the US.
    Upon initial roll out, Hertz installed 600 units in its fleet at Hertz
airport locations in Atlanta, Chicago, Detroit, Los Angeles, Miami, the New
York Metropolitan area, Orlando, San Francisco and Washington D.C.
    A year later, Hertz expanded this optional service by installing over
7,500 additional Hertz NeverLost(R) units, bringing the total number to over
8,000 available for rental.  Currently, Hertz offers NeverLost(R) units at
over 50 Hertz locations in 35 cities.
    Cars equipped with the NeverLost(R) navigation system are available at an
additional $6.00 per day.
    Manufactured by Magellan Corporation of Santa Clara, California,
NeverLost(R) combines Global Positioning System (GPS) satellite technology
with dead-reckoning and map matching technology.  Navigation Technologies
Corporation of Sunnyvale, California developed the NavTech(TM) Navigable Map
Database used in the NeverLost(R) system.
    Under the new joint venture program, the existing units will be replaced
with Magellan's next generation vehicle navigation and driver information
system.
    "Hertz has been leading the industry in providing GPS technology for
travelers since 1995, but our joint venture with Magellan gives us
technological superiority in the rental car industry with regard to navigation
systems," said Mr. Bailey.
    Magellan was incorporated in 1986 and introduced the first hand-held GPS
receiver in 1989.  Today, Magellan designs and sells satellite-based
automobile navigation, communications and guidance products to original
equipment manufacturers, commercial fleets and consumers.
    Hertz operates a fleet of 500,000 vehicles from over 5,500 locations in
more than 140 countries.