Business
Pulse announces review of strategic alternatives for its LiDAR business unit
Pulse announces review of strategic alternatives for its LiDAR business unit.
About this update from Pulse Seismic Inc.
[{"type":"text","content":"\n\n\n\nTSX:PSD\n\n\nCALGARY, March 5 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")\nannounces that it has initiated a process to evaluate strategic alternatives\nfor its LiDAR business segment, which operates under the name of Terrapoint.\nKen MacDonald, President and CEO of Pulse stated, "While Terrapoint is a world\nleader in the field of LiDAR technology, our management and board have\nconcluded that this business is not strategic to Pulse. Our objective is to\nallow Pulse to focus on its core seismic business and to find a solution for\nTerrapoint that will allow it to accelerate development of its LiDAR\nsolutions, products and technologies on a worldwide basis."\n\n\nPulse is a Calgary-based company with two operating units: Pulse Seismic\nwhich specializes in acquiring, marketing and licensing seismic data to the\nwestern Canadian energy sector, and Terrapoint which focuses on acquisitions\nand processing of digital elevation and image data (also referred to as LiDAR)\nto diverse markets. Through these two operating units, Pulse Seismic and\nTerrapoint, the Company has evolved into an industry leader providing Better\nInformation Faster(TM).\n\n\nPulse trades on the Toronto Stock Exchange under the symbol PSD.\n\n\nCertain information contained herein may constitute forward-looking\nstatements under applicable securities laws. Such statements are subject to\nknown or unknown risks and uncertainties that may cause actual results to\ndiffer materially from those anticipated or implied in the forward-looking\nstatements. Investors are encouraged to review the "Risk Factors" section of\nthe Management's Discussion and Analysis in the Company's most recent Annual\nReport and interim reports for a discussion of risks that could affect the\nCompany's operations and financial results. Forward-looking statements are\nbased upon management's assumptions, expectations and estimates at the time\nthat such statements are made. Pulse does not update forward-looking\nstatements should circumstances change or management's assumptions,\nexpectations or estimates change, except as required by law.\n\n\n","length":2209,"tagName":"div"}]