NAVX Chosen as a Content & Application Provider by PARROT in Europe

PARIS, January 11, 2011 - NAVX, a start-up specialized in the supply of time-sensitive &
geolocalized content, announces an agreement for the supply of content and
embedded applications.

NAVX sources, collects and formats time-sensitive information throughout
Europe, including fuel prices, parking availability, electric vehicle
recharge stations and speedcams.

Parrot is a world-leading manufacturer of wireless devices for mobile
phones, which has developed the Parrot ASTEROID, a car receiver combining
advanced hands-free telephony, connection to web services and access to
applications.

NAVX developed two applications which are embedded in the Parrot
ASTEROID, and which provide access to its European gas prices database as
well as its real-time database of parking availability.

"With this collaboration, Parrot can provide an even richer experience.
The two embedded applications allow drivers to find competitively priced gas
stations as well as available parking lots," says Henri Seydoux, CEO of
Parrot.

"It confirms the growing interest for dynamic geolocalized
content, and strengthens NAVX's role as a provider of time-sensitive
information and mobile applications," says Jean Cherbonnier, CEO of NAVX.

About NAVX

NAVX is a provider of geolocalized content and services for
GPS and Smartphones. Its platform provides real time information such as the
location of speedcams, EV recharge stations, fuel prices, parking
availability. The content provided by NAVX is available in Europe and its
services are compatible with the major players in the navigation industry.
NAVX also develops smartphone applications on all major OS. More information
on www.navx.info.

About PARROT

Parrot, a global leader in wireless devices for mobile phones, stands on
the cutting edge of innovation. The company was founded in 1994 by Henri
Seydoux as part of his determination to drive the inevitable breakthrough of
mobile phones into everyday life by creating high-quality, user-friendly
wireless devices for easy living. Parrot has developed the most extensive
range of hands-free systems on the market for cars, motorbikes and scooters,
including wireless multimedia products geared towards audiovisual
applications. In 2008, Parrot launched a new prestige line of high-end
products bearing the hallmark of renowned artists and in 2010, the AR.Drone,
the first quadricopter piloted via wi-fi and using augmented reality.

Parrot, headquartered in Paris, currently employs 450 people worldwide
and generates 85% of its sales overseas. Parrot is listed on NYSE Euronext
Paris since 2006. (FR0004038263 - PARRO)

More information : www.parrot.com / www.ardrone.com /
www.parrotoem.com

CONTACT: Julia Beckstein, Tel: +33-637-47-8862, corporate at navx.com