GEOY $22.76<> GeoEye Wins Multi-year, Multi-million Dollar Russian Contract
Today : Wednesday 4 January 2012
GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, announced that it is working with its Russian partner, ScanEx Research and Development Center, to provide millions of square kilometers of high-resolution satellite imagery to the Russian Federal Service for State Registration, Cadastre and Cartography (Rosreestr).
Russia, the world's largest country, covers more than one-ninth of the Earth's land mass and spans nine time zones. To efficiently administer the property rights and data across this vast landscape and make this information accessible, Rosreestr is creating a countrywide base map of land properties in the Russian Federation. The base map will have multiple data layers including orthorectified high-resolution imagery, cadastral information (for example, type of ownership, permits, licenses, rights, restrictions, transactions and taxation) and extensive topographic features (natural features representing boundaries). The Russian government will host the completed base map on their portal for viewing by federal and regional government agencies and the public via Web services.
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