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August 2000
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EarthScan® Announces Space Imaging to Acquire Equity Position
Albuquerque, NM - August 2, 2000 - EarthScan Network Inc. and Space
Imaging, of Thornton, Colorado, today announced an agreement in which Space
Imaging would join Data Transmission Network and Photon Research Associates
in holding an equity position in EarthScan. The objective of the agreement
is to continue to accelerate the introduction and use of remote sensing in
the agriculture industry.
EarthScan is a powerful internet-based tool that provides a value-added
service for crop health determination, acreage measurement, and field
performance zone creation and management. Prior to the launch of Space
Imaging's IKONOS satellite, remote sensing products were available on a very
limited distribution basis and were very costly. By breaking into the
mass-market domain with a low cost product that meets the needs of the
agriculture market, EarthScan is able to provide systems integration
services for large agricultural concerns on a much wider scale.
"We are excited about leveraging our satellite technology through partners
and alliances that focus their efforts on building relationships,
value-added products and services for specific vertical industries," says
John Copple, Chairman and CEO of Space Imaging. "Our relationship with
EarthScan allows us to jointly offer valuable, innovative technology and
services to the agricultural marketplace. The fact that agribusiness
professionals with a computer and access to the Internet can now work with
imagery and tools online is a substantial advancement in technology."
"With Space Imaging's recent positioning of themselves as the first
commercial owner/operator of a satellite with guaranteed access to the
highest quality, remotely sensed data coming into this venture, EarthScan
now becomes a self-sufficient, full vertical play with raw data access
through to customer product delivery capabilities," according to Jim Myer,
Chairman of the Board of PRA. "The three partners (DTN, PRA and Space
Imaging) share the vision and enthusiasm that they are now positioned to
break down a number of previously insurmountable barriers and provide remote
sensing the opportunity to become a mass marketed consumer product for a
number of common-place applications which will impact people's daily lives
far beyond this initial agricultural venture."
For more information about
Space Imaging visit www.spaceimaging.com.
EarthScan visit www.EarthScan.com.
DTN visit www.dtn.com.
PRA visit www.photon.com.
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