Geospatial¿s subsidiary signs technology license agreement with George F. Young Inc
Sep. 29, 2010 (M2 Communications Ltd.) --
Geospatial Mapping Systems Inc, a wholly owned subsidiary of Geospatial Holdings Inc (OTC.BB: GSPH), has entered into a technology license agreement with George F. Young Inc.
Under the license agreement announced on Tuesday, financial details of which were not available, George F. Young will utilise Geospatial’s Smart Probe Pipeline Mapping Technologies for the practice of mapping pipelines and rendering 3-dimensional as-built drawings, throughout the Southeast region.
The three-year agreement allows George F. Young non-exclusive use of Geospatial’s Smart Probe and GeoUnderground technologies throughout Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and the Caribbean Basin.
Geospatial Holdings creates accurate (3D) three-dimensional digital maps and models of all underground infrastructure utilising proprietary technologies.
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Source: M2 Presswire (September 29, 2010 - 4:18 AM EDT)
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